Attractive and historic West Yorkshire market town
Pedestrianised town centre location
Neighbouring occupiers include Argos, Bonmarché, H Samuel, New Look, Boots Optician, Claire’s Accessories and Halifax Bank
Lot 68
Auction 18th October 2018
Rent £118,000 per Annum Exclusive
Status Sold
Price £750,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund
Property Information
Location
Miles
9 miles east of Wakefield, 14 miles south-east of Leeds
Roads
A1(M) (Junction 41), M62 two miles away (Junctions 32 and 33)
Rail
Pontefract Baghill Railway Station
Air
Leeds/ Bradford International Airport
Situation
Pontefract is an attractive and historic West Yorkshire market town. The property is situated in a prominent position on the north side of Salter Row, opposite the entrance to Pontefract Market Hall. Salter Row forms part of the pedestrianised prime retail pitch in the heart of the town centre. Neighbouring occupiers include Argos, Bonmarché, H Samuel, New Look, Boots Optician, Claire’s Accessories and Halifax Bank.
Tenure
Freehold.
Location
Miles
9 miles east of Wakefield, 14 miles south-east of Leeds
Roads
A1(M) (Junction 41), M62 two miles away (Junctions 32 and 33)
Rail
Pontefract Baghill Railway Station
Air
Leeds/ Bradford International Airport
Situation
Pontefract is an attractive and historic West Yorkshire market town. The property is situated in a prominent position on the north side of Salter Row, opposite the entrance to Pontefract Market Hall. Salter Row forms part of the pedestrianised prime retail pitch in the heart of the town centre. Neighbouring occupiers include Argos, Bonmarché, H Samuel, New Look, Boots Optician, Claire’s Accessories and Halifax Bank.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
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
Reversion
Ground First
Retail Ancillary
496 sq m 203.36 sq m
(5,339 sq ft) (2,189 sq ft)
WILKINSON HARDWARE STORES LIMITED (1)
10 years from 24/06/2010 on a full repairing and insuring lease
£118,000
23/06/2020
Total
699.36 sq m
(7,528 sq ft)
£118,000
(1) For the year ending 28th January 2017, Wilkinson Hardware Stores Limited reported a turnover of £1,512,763,000, pre-tax profits of £5,198,000 and a total net worth of £142,450,000 (Source: Experian Group 14/9/2018).
