41/43 Kirkgate Wakefield West Yorkshire WF1 1HX

41/43 Kirkgate
Wakefield
West Yorkshire
WF1 1HX

Freehold Public House Investment

Let to J D Wetherspoon until 2032 (subject to option)
Prominent town centre location
Fixed rental uplifts every 5 years
Nearby occupiers include Iceland, Halifax, Betfred, McDonald’s, Marks & Spencer and Boots the Chemist
Rent increases to £90,934 in 2023

Lot
14
Auction
21st October 2010
Rent
£69,000 per Annum Exclusive
Status
Sold
Price
£1,145,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Public House Investment

Let to J D Wetherspoon until 2032 (subject to option)
Prominent town centre location
Fixed rental uplifts every 5 years
Nearby occupiers include Iceland, Halifax, Betfred, McDonald’s, Marks & Spencer and Boots the Chemist
Rent increases to £90,934 in 2023

Lot 14
Auction 21st October 2010
Rent £69,000 per Annum Exclusive
Status Sold
Price £1,145,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 13 miles south of Leeds, 20 miles north-east of Doncaster, 30 miles north of Sheffield
Roads: M1, M62, A638, A642
Rail: Wakefield Kirkgate Rail
Air: Leeds Bradford Airport

Situation

The property is situated on the eastern side of the busy Kirkgate pedestrianised High Street close to the junction with Westmorland Street. Nearby occupiers include Iceland, Halifax, Betfred, McDonald’s, Marks & Spencer and Boots the Chemist.

Tenure

Freehold.

Location

Miles: 13 miles south of Leeds, 20 miles north-east of Doncaster, 30 miles north of Sheffield
Roads: M1, M62, A638, A642
Rail: Wakefield Kirkgate Rail
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first floor.

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 PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first floor.

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
Ground First	Public House Ancillary	311.44 sq m 311.44 sq m	(3,352 sq ft) (3,352 sq ft)	J D WETHERSPOON PLC (1)	34 years from 24/06/1998 until 2032 on a full repairing and insuring lease (2)	£69,000 (3)	5 yearly
Totals		622.88 sq m	(6,704 sq ft)			£69,000

(1) For the year ending 26th July 2009 J D Wetherspoon plc reported a turnover of £955,119,000, pre-tax profits of £45,029,000 and a total net worth of £162,835,000. (Source: www.riskdisk.com 20/09/2010) Over the past 30 years, J D Wetherspoon has won hundreds of national and regional awards,acknowledging excellence in all aspects of the business. (Source: www.jdwetherspoon.co.uk)(2) The lease provides for a tenant’s option to determine the lease on the 30th anniversary of the term on giving at least six months’ written notice.(3) There are fixed rental uplifts in the lease to £78,690 p.a.x. in 2013, £84,592 p.a.x. in 2018 and £90,934 p.a.x. in 2023.