15-17 Crown Street Halifax West Yorkshire HX1 1TT

15-17 Crown Street
Halifax
West Yorkshire
HX1 1TT

Freehold Retail Investment

Let to Sleep (UK) Limited on recent 10 year lease
Located on the busy pedestrianised Crown Street
Fixed rental uplift in 2014 to £30,000
Nearby occupiers include Dollond and Aitchison, Holland & Barrett, McDonald’s and NatWest
Six Week Completion Period Available

Lot
48
Auction
6th December 2012
Rent
£28,000 per Annum Exclusive
Status
Sold
Price
£162,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of PRUPIM

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Freehold Retail Investment

Let to Sleep (UK) Limited on recent 10 year lease
Located on the busy pedestrianised Crown Street
Fixed rental uplift in 2014 to £30,000
Nearby occupiers include Dollond and Aitchison, Holland & Barrett, McDonald’s and NatWest
Six Week Completion Period Available

Lot 48
Auction 6th December 2012
Rent £28,000 per Annum Exclusive
Status Sold
Price £162,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of PRUPIM

Property Information

Location

Miles: 18 miles west of Leeds 30 miles east of Manchester
Roads: A58, A629, M62 (J24 5 miles)
Rail: Halifax
Air: Leeds Bradford (13 miles), Manchester International (31 miles)

Situation

The property is situated on the busy pedestrianised Crown Street which is 320 metres from the Woolshops Shopping Centre near the centre of Halifax town centre. Nearby occupiers include Dollond and Aitchison, Holland & Barrett, McDonald’s and NatWest.

Tenure

Freehold.

Location

Miles: 18 miles west of Leeds 30 miles east of Manchester
Roads: A58, A629, M62 (J24 5 miles)
Rail: Halifax
Air: Leeds Bradford (13 miles), Manchester International (31 miles)

Situation

Tenure

Freehold.

Description

The property is a substantial retail building comprising retail accommodation on the ground floor and ancillary accommodation on the first, second and third floors on a busy pedestrianised street.

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 is a substantial retail building comprising retail accommodation on the ground floor and ancillary accommodation on the first, second and third floors on a busy pedestrianised street.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground First Second Third	Storage Retail Ancillary Ancillary Ancillary	100.52 sq m 176.79 sq m 106.37 sq m 105.45 sq m 88.44 sq m	(1,083 sq ft) (1,903 sq ft) (1,145 sq ft) (1,135 sq ft) (952 sq ft)	SLEEP (UK) LIMITED	10 years from 26/05/2011 until 25/05/2021 on a full repairing and insuring lease	£28,000 (1)	2014 (2), 2016 (3)
Totals		577.57 sq m	(6,218 sq ft)			£28,000 (1)

(1) Under the terms of the lease the current rent reserved is £20,000 p.a.x. until 26th May 2013 when there is an uplift to £28,000 p.a.x. The Seller will pay the buyer the rent that would have been payable from completion until 26th May 2013. Therefore, the property will produce £28,000 per annum exclusive from completion of sale.
(2)Fixed rental uplift to £30,000 per annum exclusive.
(3)Open Market rent review on 26/05/2016.