25 - 27 Commercial Street & 2 - 6 Park Street Brighouse West Yorkshire HD6 1AF

25 - 27 Commercial Street & 2 - 6 Park Street
Brighouse
West Yorkshire
HD6 1AF

Freehold Retail and Commercial Investment

Predominantly let to Coral Racing Limited
Includes recently renewed 10 year lease to Fawcett Stationers (no breaks) - Tenant in occupation for 20 years
Includes 2,590 sq ft self-contained dance studio on first floor
Central town centre location with nearby occupiers including Superdrug, Greggs, Boots the Chemist, and Wilko
VAT-free investment

Lot
49
Auction
11th July 2019
Rent
£53,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Commercial Investment

Predominantly let to Coral Racing Limited
Includes recently renewed 10 year lease to Fawcett Stationers (no breaks) - Tenant in occupation for 20 years
Includes 2,590 sq ft self-contained dance studio on first floor
Central town centre location with nearby occupiers including Superdrug, Greggs, Boots the Chemist, and Wilko
VAT-free investment

Lot 49
Auction 11th July 2019
Rent £53,500 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 4 miles south-east of Halifax; 16 miles south-west of Leeds
Roads: A58, A644, M62 (J25)
Rail: Brighouse Station
Air: Leeds Bradford International

Situation

Brighouse is located in the Borough of Calderdale in West Yorkshire, 16 miles south-west of Leeds. The property is located on the south side of Commercial Street, in a prominent central corner location at its junction with Park Street. Nearby occupiers include Superdrug, Greggs, Boots the Chemist and Wilko.

Tenure

Freehold.

Location

Miles: 4 miles south-east of Halifax; 16 miles south-west of Leeds
Roads: A58, A644, M62 (J25)
Rail: Brighouse Station
Air: Leeds Bradford International

Situation

Tenure

Freehold.

Description

The property comprises a mixed use, two storey building with two ground floor shops and a self-contained dance studio arranged over the first floor.

VAT

VAT is not applicable to this lot.

EPC

Bands D and G. Available from the legal pack at acuitus.co.uk.

Description

The property comprises a mixed use, two storey building with two ground floor shops and a self-contained dance studio arranged over the first floor.

VAT

VAT is not applicable to this lot.

EPC

Bands D and G. Available from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground	Retail/Ancillary	146.16 sq m	(1,573 sq ft)	CORAL RACING LIMITED (1)	10 years from 01/05/2013 until 30/04/2023	£27,500
Ground	Retail/Ancillary	99.21 sq m	(1,068 sq ft)	FAWCETT CARDS & GIFTS LIMITED (2)	10 years from 25/03/2019 until 24/03/2029 with a rent review on 25/03/2024	£17,500 (3)
First	Dance Studio	240.63 sq m	(2,590 sq ft)	CAMILLE ZOE MARTIN t/a Now Music Dance Studio (4)	10 years from 25/12/2016 until 24/12/2026 (5) with a rent review on 25/12/2020 and 25/12/2024	£8,500
Total		486.00 sq m	(5,231 sq ft)			£53,500

(1) For the year ending 31st December 2017, Coral Racing Limited reported a turnover of £598,371,000, pre-tax profits of £7,642,000 and a total net worth of £75,914,000 (Source: Experian Group 29/05/2019).
(2) Fawcett Cards & Gifts was incorporated in 1987 and has been trading at this location for at least 20 years.
(3) The tenant benefits from a concessionary rental period, paying half rent for 12 months from term commencement. The seller has agreed to adjust the completion monies so the shop will effectively produce £17,500 p.a.x. from completion of the sale until the expiry of the concessionary rental period.
(4) The tenant has been in occupation since February 2007. The landlord holds a rent deposit of £1,500.
(5) The lease is subject to a tenant option to determine on 24/12/2021.