30/36 Victoria Lane & 49/57 New Street Huddersfield West Yorkshire HD1 2BL

30/36 Victoria Lane & 49/57 New Street
Huddersfield
West Yorkshire
HD1 2BL

Substantial Town Centre Retail and Leisure Investment

Comprises three well configured retail units and fitness centre
Let to tenants trading as Poundland, Clintons, Brighthouse and Energie Fitness
Poundland have incorporated their Pep & Co brand within the store, demonstrating commitment to the location
Prominent pedestrianised town centre location opposite The Piazza Shopping Centre
Nearby occupiers include Boots, Marks & Spencer, WH Smith, Costa, Argos and Savers
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
23
Auction
25th May 2017
Rent
£317,750 per Annum Exclusive
Status
Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update

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Substantial Town Centre Retail and Leisure Investment

Comprises three well configured retail units and fitness centre
Let to tenants trading as Poundland, Clintons, Brighthouse and Energie Fitness
Poundland have incorporated their Pep & Co brand within the store, demonstrating commitment to the location
Prominent pedestrianised town centre location opposite The Piazza Shopping Centre
Nearby occupiers include Boots, Marks & Spencer, WH Smith, Costa, Argos and Savers
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 23
Auction 25th May 2017
Rent £317,750 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles south-west of Leeds, 25 miles north-east of Manchester
Roads: A62, A629, A640, M62 (Junctions 23/24)
Rail: Huddersfield Railway Station
Air: Leeds Bradford Airport

Situation

The property is prominently situated in the heart of Huddersfield town centre benefiting from frontages to both pedestrianised New Street and Victoria Lane. The property is located opposite an entrance to the Piazza Shopping Centre which houses occupiers including Boots, WH Smith, Poundworld, Superdrug and Greggs. Other nearby occupiers include Marks & Spencer, Costa, Argos and Savers.

Tenure

Virtual Freehold. Virtual Freehold. Held from Kirklees Metropolitan Borough Council for a term of 999 years from 25th March 1870 at a rent of £60.5s.0d per annum.

Location

Miles: 15 miles south-west of Leeds, 25 miles north-east of Manchester
Roads: A62, A629, A640, M62 (Junctions 23/24)
Rail: Huddersfield Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Virtual Freehold. Virtual Freehold. Held from Kirklees Metropolitan Borough Council for a term of 999 years from 25th March 1870 at a rent of £60.5s.0d per annum.

Description

30/36 Victoria Lane comprises ground floor retail accommodation with ancillary accommodation in the basement, first, second and third floors. 51/53 New Street comprises ground floor retail accommodation with first floor ancillary accommodation. 55/57 New Street comprises ground floor retail accommodation. Additionally, there is a self-contained fitness centre on the first floor accessed from New Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
30/36 Victoria Lane	Ground Basement First Second	Retail/Ancillary Ancillary Ancillary Ancillary	1,383.01 sq m 73.48 sq m 512.91 sq m 395.85 sq m	(14,887 sq ft) (791 sq ft) (5,521 sq ft) (4,261 sq ft)	POUNDLAND LIMITED (1) t/a Poundland and Pep & Co	10 years from 22/06/2011	£150,000	22/06/2016 (21/06/2021)
51/53 New Street	Ground First	Retail/Ancillary Ancillary	318.18 sq m 314.47 sq m	(3,425 sq ft) (3,385 sq ft)	AG RETAIL CARDS LIMITED (2) t/a Clintons	5 years from 29/09/2015	£70,000	(28/09/2020)
55/57 New Street	Ground	Retail/Ancillary	322.27 sq m	(3,469 sq ft)	CAVERSHAM TRADING LIMITED (3) t/a Brighthouse	10 years from 23/09/2011	£80,000	(22/09/2021)
49/57 New Street	First	Gym	384.79 sq m	(4,142 sq ft)	OPERATIONS ONE LIMITED t/a Energie Fitness Gym (4)	15 years from 10/06/2015	£17,500	10/06/2020 & 10/06/2025 (09/06/2030)
Sub-station					YORKS ELECTRICITY	60 years from 11/09/1991	£250	(10/09/2051)
Totals			3,704.96 sq m	(39,881 sq ft)			£317,750

(1) For the year ending 27th March 2016, Poundland Limited reported a turnover of £1,214,818,000, pre-tax profits of £34,653,000 and a total net worth of £20,520,000 (Source: Experian Group 26/04/2017).
(2) Clintons is the trading name of AG Retail Cards Limited. Clintons was established in 1968 and is a leading retailer of cards and gifts, operating over 400 stores throughout the UK (www.clintonsretail.com).
(3) For the year ending 31st March 2016, Caversham Trading Limited reported a turnover of £67,282,000, pre-tax profits of £4,579,000 and a total net worth of £59,973,000 (Source: Experian Group 26/04/2017).
(4) Established in 2003, Energie is a rapidly growing, multi-award winning fitness club brand and the undisputed UK market leader in the area of fitness and wellness franchising with over 100,000 members throughout the UK (www.effw.co.uk).