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Status Withdrawn Post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
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.
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
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.
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.
