2 / 12 Market Place Dewsbury West Yorkshire WF13 1DH

2 / 12 Market Place
Dewsbury
West Yorkshire
WF13 1DH

Freehold Retail Investment

Let to Peacocks Stores Limited until March 2023 (subject to option)
Approximately 17,222 sq ft
Adjacent to HSBC and opposite the pedestrianised section of Market Place
Prominent position in popular West Yorkshire market town

Lot
19
Auction
7th December 2017
Rent
£140,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Peacocks Stores Limited until March 2023 (subject to option)
Approximately 17,222 sq ft
Adjacent to HSBC and opposite the pedestrianised section of Market Place
Prominent position in popular West Yorkshire market town

Lot 19
Auction 7th December 2017
Rent £140,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 9 miles south-west of Leeds, 10 miles south-east of Bradford
Roads: A638, A644, M1 (junction 40), M62 (junction 25)
Rail: Dewsbury Railway Station
Air: Leeds Bradford Airport

Situation

The property is prominently situated on the eastern side of Market Place, with a return frontage on Bond Street, in the heart of Dewsbury town centre. Princess of Wales Precinct is located nearby, with occupiers including Boots the Chemist, WHSmith, Greggs, New Look and Poundland, with other occupiers in the town including Wilko and JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 9 miles south-west of Leeds, 10 miles south-east of Bradford
Roads: A638, A644, M1 (junction 40), M62 (junction 25)
Rail: Dewsbury Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a large well configured ground floor shop with ancillary accommodation on the first floor and plant on the second floor. The property benefits from a small separate parcel of land to the rear of the property that is not demised to the tenant.

VAT

VAT is applicable to this lot.

Completion Period

Completion - 25th January 2018

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

Completion - 25th January 2018

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First Second	Retail/Ancillary Ancillary Plant	739.79 sq m 853.96 sq m 6.22 sq m	(7,963 sq ft) (9,192 sq ft) (67 sq ft)	PEACOCKS STORES LIMITED (1)	15 years from 31/03/2008 (2) on a full repairing and insuring lease	£140,000	31/03/2018 (30/03/2023)
Separate Rear Land	-	-	-	VACANT	-	-	-
Totals		1,599.97 sq m	(17,222 sq ft)			£140,000

(1) For the year ending 27th February 2016, Peacocks Stores Limited reported a turnover of £369,711,000, a pre-tax profit of £67,879,000 and a total net worth of £141,072,000 (Source: Experian Group 09/11/2017). Peacocks trade from some 450 stores and are a part of the Edinburgh Woollen Mill Group, which includes brands such as Edinburgh Woollen Mill, Jane Norman and Ponden Home (Source: www.peacockscorporate.co.uk 09/11/2017).
(2) The lease provides for a tenant option to determine on 31st March 2020.