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
    11/Jul/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
Important Auction & Property Update
  • 25 - 27 Commercial Street & 2 - 6 Park Street<br>Brighouse<br>West Yorkshire<br>HD6 1AF
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
GroundRetail/Ancillary146.16 sq m(1,573 sq ft)CORAL RACING
LIMITED (1)
10 years from 01/05/2013
until 30/04/2023
£27,500
GroundRetail/Ancillary99.21 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)
FirstDance 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.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    701 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 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 GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Nicholas Percival Beacon End Farmhouse, London Road
Stanway
Essex
CO3 0NQ
Thomas Noble 01206 563 222tnoble@nicholaspercival.co.uk
Seller's Solicitors
Fisher Jones Greenwood LLP 16 Baddow Road
Chelmsford
CM2 0DG
Leon Pascal 01245 584 515lpascal@fjg.co.uk

Useful Links

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