Let to Vision Value Opticians Limited until October 2026 (no breaks)
Prime town centre location adjacent to Castleford Market Hall
Neighbouring occupiers include Co-operative Food, Marks & Spencer, Greggs, Coral, Specsavers and Superdrug
Lot 75
Auction 5th December 2018
Rent £20,000 per Annum Exclusive
Status Sold
Price £202,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles south-east of Leeds city centre
34 miles north of Sheffield city centre
Roads
M62, A1 (M), A63
Rail
Castleford Station
Air
Leeds Bradford Airport
Situation
Castleford is a historic market town some 11 miles south of Leeds city centre. The property is located on the southern side of Carlton Street, the town’s prime pedestrianised retail thoroughfare. Castleford Market Hall, home to more than 80 traders, is located immediately adjacent with an outdoor market on Carlton Street also trading four days a week. Carlton Lanes Shopping Centre is also located nearby and houses retailers including Argos, Boots and Dorothy Perkins. Other nearby occupiers include Co-operative Food, Marks & Spencer, Greggs, Coral, Specsavers and Superdrug.
Tenure
Freehold.
Location
Miles
11 miles south-east of Leeds city centre
34 miles north of Sheffield city centre
Roads
M62, A1 (M), A63
Rail
Castleford Station
Air
Leeds Bradford Airport
Situation
Castleford is a historic market town some 11 miles south of Leeds city centre. The property is located on the southern side of Carlton Street, the town’s prime pedestrianised retail thoroughfare. Castleford Market Hall, home to more than 80 traders, is located immediately adjacent with an outdoor market on Carlton Street also trading four days a week. Carlton Lanes Shopping Centre is also located nearby and houses retailers including Argos, Boots and Dorothy Perkins. Other nearby occupiers include Co-operative Food, Marks & Spencer, Greggs, Coral, Specsavers and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first and second floor ancillary accommodation. There is also a basement which is currently unused.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Rating Band E.
Copy available to download from the legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor retail unit with first and second floor ancillary accommodation. There is also a basement which is currently unused.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Rating Band E.
Copy available to download from the legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First Second
Retail/Ancillary Ancillary Ancillary
50.00 sq m 35.60 sq m 36.40 sq m
(539 sq ft) (383 sq ft) (392 sq ft)
VISION VALUE OPTICIANS LTD (1)
Approximately 12 years 5 months from 01/05/2014 (2) on a full repairing and insuring lease
£20,000
01/11/2018 (10/10/2026)
Total
122.00 sq m
(1,314 sq ft)
£20,000
(1) Vision Value Opticians Ltd operates through seven stores across Yorkshire and has been independently owned for 30 years (Source: https://www.ivisionopticians.com/). The opticians practice has traded in Castleford for over 60 years. (2) For the purpose of clarification, there is a current lease in place from 01/05/2014 until 30/04/2023 and an additional reversionary lease from expiry of the current term until 10/10/2026.
