11 Wesley Square Shopping Centre
Goole
East Yorkshire
DN14 5EZ

Freehold Retail Investment

  • Let to Peacocks Stores Limited
  • New 10 year lease (renewal) from May 2018
  • Tenant in occupation for about 20 years
  • Approximately 7,196 sq ft with customer parking
  • Nearby occupiers include Boots the Chemist, Asda, Greggs, Costa, Iceland and HSBC
  • Very close to Goole Railway Station
  • Lot
    8
  • Auction
    11/Jul/2018
  • Rent
    £70,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £905,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 11 Wesley Square Shopping Centre<br>Goole<br>East Yorkshire<br>DN14 5EZ
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Property Information

Location
Miles
19 miles south-east of York
27 miles south-east of Leeds
Roads
M18, M62
Rail
Goole Railway Station
Air
Leeds Bradford Airport
Situation

The property occupies a prominent location on the southern side of Wesley Square Shopping Centre, which is accessed via Vermuyden Way. Other retailers in Wesley Square Shopping Centre include Boots the Chemist, Greggs and HSBC, with other nearby occupiers including Asda, Costa, Iceland, Superdrug and branches of NatWest and Barclays banks. Tesco and Morrisons are a short walk away. Wesley Square Shopping Centre provides car parking for approximately 110 cars.

Tenure

Freehold.

Description

The property comprises a well configured modern ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Seven week completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Retail/Ancillary
Ancillary
481.33 sq m
187.20 sq m
(5,181 sq ft)
(2,015 sq ft)
PEACOCKS
STORES LIMITED
(1
)
10 years from
30/05/2018 until
29/05/2028 (2) on
a full repairing and
insuring lease
£70,000 30/05/2023
Total
668.53 sq m
(7,196 sq ft)   £70,000  

(1) For the year ending 25th February 2017, Peacocks Stores Limited reported a turnover of £382,318,000, pre-tax profits of £65,019,000 and a total net worth of £192,792,000 (Source: Experian Group 08/06/2018).
(2) The lease provides for a tenant option to determine on the fifth anniversary of the commencement of the term.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    572 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Addlestone Keane Solicitors Regent House, 5 Queen Street
Leeds
LS1 2TW
Sally Christey 0113 238 4600sallychristey@aklaw.co.uk

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