Majority let to McDonald's Real Estate LLP and Pizza Hut (UK) Ltd
Prominent town centre location
Situated in strong trading position at busy junction
Lot 27
Auction 18th October 2011
Rent £148,800 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
In association with Eddisons
Property Information
Location
Estimated District Population
388,567 (Kirklees County), 146,234 (Huddersfield Town)
Miles
15 miles south-west of Leeds, 30 miles north-east of Manchester, 8 miles south of Halifax
Roads
A629, A62, M62
Rail
Huddersfield
Air
Leeds Bradford Airport
Situation
The property is prominently situated on the busy junction of John William Street and Kirkgate within the heart of the town centre of Huddersfield. The property is opposite the entrance to the Packhorse Shopping Centre and benefits from strong pedestrian flow. Nearby occupiers include Nando's, J D Wetherspoons and Lloyds TSB Banks.
Tenure
Virtual Freehold. Held for a term of 999 years from 25th March 1883 at a rent of £85 7s 0d
Location
Estimated District Population
388,567 (Kirklees County), 146,234 (Huddersfield Town)
Miles
15 miles south-west of Leeds, 30 miles north-east of Manchester, 8 miles south of Halifax
Roads
A629, A62, M62
Rail
Huddersfield
Air
Leeds Bradford Airport
Situation
The property is prominently situated on the busy junction of John William Street and Kirkgate within the heart of the town centre of Huddersfield. The property is opposite the entrance to the Packhorse Shopping Centre and benefits from strong pedestrian flow. Nearby occupiers include Nando's, J D Wetherspoons and Lloyds TSB Banks.
Tenure
Virtual Freehold. Held for a term of 999 years from 25th March 1883 at a rent of £85 7s 0d
Description
The property comprises a substantial three storey period building with 4 self-contained retail units. Two of the retail units benefit from additional first floor retail accommodation and second floor ancillary accommodation. The first floor at 6-8 John William Street is self-contained and has been used recently as a betting shop (A2 use).
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 a substantial three storey period building with 4 self-contained retail units. Two of the retail units benefit from additional first floor retail accommodation and second floor ancillary accommodation. The first floor at 6-8 John William Street is self-contained and has been used recently as a betting shop (A2 use).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) For the year ending 31st December 2010, McDonald's Real Estates LLP reported a turnover of £77,332,000, a pre-tax profit of £5,855,000 and a total net worth of £153,995,000. (Source: www.riskdisk.com 22/09/2011) (2) Pizza Hut was established in 1958 in the USA and opened its first UK restaurant in 1973 and now has approximately 650 restaurants in the UK. (Source: www.pizzahut.co.uk 20/09/2011) (3) For the year ending 30th June 2010, Origami Limited reported a total net worth of £77,454.
