56 / 78 Halifax Road
Todmorden
West Yorkshire
OL14 5QG

Prominent Freehold Retail Investment

  • Prominent roadside location
  • Let to B&M Retail Limited on a new 10 year lease from completion (no breaks)
  • Car park included approximately 70 spaces
  • Comprises 13,737 sq ft on a site of approximately 1.09 acres
  • Lot
    12
  • Auction
    12/Feb/2020
  • Rent
    £155,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • 56 / 78 Halifax Road<br>Todmorden<br>West Yorkshire<br>OL14 5QG
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* More information on the term "price" can be found here

Property Information

Location
Miles
20 miles south of Skipton
22 miles north of Manchester
25 miles west of Leeds
Roads
A646, A6033, M62, M65
Rail
Todmorden Railway Station
Air
Leeds Bradford Airport
Situation

Todmorden is a predominantly residential town 20 miles south of Skipton, 22 miles north of Manchester and 25 miles west of Leeds. The town benefits from its close proximity to the M62 and M65. The property is located in a prominent roadside position on the A646 Halifax Road, close to its junction with Canal Street. The property is adjacent to Todmorden Health Centre, with other occupiers nearby including Lidl and a number of local traders.

Tenure

Freehold. Part Leasehold (See Plan) Part of the car park held for a term of 99 years from 12TH May 1995 (74 Years unexpired) at a peppercorn rent

Description

The property comprises a large ground floor shop with sales, staff and ancillary accommodation. The property benefits from on-site car parking. Approximate site area 1.09 acres (0.44 hectares). There is an electrical substation on site.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Retail
Ancillary
1,132.64 sq m
143.53 sq m
(12,192 sq ft)
(1,545 sq ft)
B&M RETAIL
LIMITED (1)
10 years from
completion on a full
repairing and
insuring lease
£155,0002025 (2)
Total
1,276.17 sq m
(13,737 sq ft)
  £155,000 

(1) For the year ended 31st March 2018, B&M Retail Limited reported a turnover of £2,801,499,000, pre-tax profits of £273,406,000 and a net worth of £754,389,000 (Source: Experian 13/01/2020). B&M was formed in 1978 and is now one of the leading variety retailers in the UK. From its first store in Blackpool, Lancashire, B&M has grown to over 600 stores and employs over 26,000 people
(Source: www.bandmretail.com).
(2) Capped so as not to exceed £170,000.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Site Plan
    Updated Date
    22.01.20
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Seller's Solicitors
Gordons LLP Riverside West, Whitehall Road
Leeds
West Yorkshire
LS1 4AW
Jennifer Herdman 01132 270 337jennifer.herdman@gordonsllp.com

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