TK Maxx, 90 / 93 Cathedral Walk The Ridings Shopping Centre Wakefield West Yorkshire WF1 1YD

TK Maxx, 90 / 93 Cathedral Walk
The Ridings Shopping Centre
Wakefield
West Yorkshire
WF1 1YD

  • TK Maxx, 90 / 93 Cathedral Walk<br>The Ridings Shopping Centre<br>Wakefield<br>West Yorkshire<br>WF1 1YD

Substantial Department Store Investment

  • Let to TJX UK (t/a TK Maxx)
  • Immediate Asset Management Opportunities
  • Approximately 22,505 sq ft
  • Forms part of The Ridings Shopping Centre
  • Excellent location close to the main entrance of The Ridings Shopping Centre
  • Other occupiers in the shopping centre include Marks & Spencer, Primark, Superdrug, Morrisons, Boots the Chemist and Poundland
  • Located close to Merchant Gate Regeneration Scheme
  • Lot
    27
  • Auction
    18/May/2022
  • Rent
    £250,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £200,000+
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate (direct link to London King’s Cross) and Wakefield Kirkgate Railway
Air
Leeds/Bradford Airport
Situation

The property is situated on the Upper Mall level of The Ridings Shopping Centre, which is located in the heart of Wakefield City Centre, a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Primark, Superdrug, Morrisons, Boots the Chemist and Poundland. The shopping centre comprises approximately 100 units providing over 345,000 sq ft of retail accommodation and provides car parking for approximately 1,070 cars over 3 car parks, each with direct access to the mall.

Tenure

Long Leasehold. Held for a term of 125 years (less 12 days) from 17th October 1983 until 4th October 2108 at a peppercorn rent.

Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate (direct link to London King’s Cross) and Wakefield Kirkgate Railway
Air
Leeds/Bradford Airport
Situation

The property is situated on the Upper Mall level of The Ridings Shopping Centre, which is located in the heart of Wakefield City Centre, a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Primark, Superdrug, Morrisons, Boots the Chemist and Poundland. The shopping centre comprises approximately 100 units providing over 345,000 sq ft of retail accommodation and provides car parking for approximately 1,070 cars over 3 car parks, each with direct access to the mall.

Tenure

Long Leasehold. Held for a term of 125 years (less 12 days) from 17th October 1983 until 4th October 2108 at a peppercorn rent.

Description

The property comprises a large single floor Department Store, forming part of the larger Ridings Shopping Centre.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a large single floor Department Store, forming part of the larger Ridings Shopping Centre.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Upper Mall Level Retail/Ancillary
2,090.78 sq m
(22,505 sq ft)
TJX UK (1)
(t/a TK Maxx)
10 years from 26/12/2011 (holding over) on a full repairing and insuring lease
£250,000
Total  
2,090.78 sq m
(22,505 sq ft)
   
£250,000

(1) www.tkmaxx.com. TJX UK operate 2 brands in Europe - TK Maxx and Homesense.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.05.22
    File Size
    34 MB
    Login to View
  • Brochure
    Updated Date
    03.05.22
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Nelsons Solicitors Limited Pennine House
8 Stanford Street
Nottingham
NG1 7BQ
Riaz Dudhia +44 (0)115 851 1244Riaz.Dudhia@nelsonslaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now