2 King Street & 20/22 Bradford Road Brighouse West Yorkshire HD6 1RW

2 King Street & 20/22 Bradford Road
Brighouse
West Yorkshire
HD6 1RW

Freehold Retail Investment with Development Opportunity

83% Income secured by Mackays Stores Limited
Prominent corner position in Town Centre
Nearby occupiers include Lloyds, Yorkshire Bank, Greggs and Oxfam
Approximate site area of 0.28 hectares (0.71 acres)
Substantial site at rear with development potential (subject to consents)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
57
Auction
22nd October 2015
Rent
£108,001 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of The Cooperative Estates

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Freehold Retail Investment with Development Opportunity

83% Income secured by Mackays Stores Limited
Prominent corner position in Town Centre
Nearby occupiers include Lloyds, Yorkshire Bank, Greggs and Oxfam
Approximate site area of 0.28 hectares (0.71 acres)
Substantial site at rear with development potential (subject to consents)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 57
Auction 22nd October 2015
Rent £108,001 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of The Cooperative Estates

Property Information

Location

Miles: 7 miles south of Bradford,16 miles south-west of Leeds, 33 miles north-west of Sheffield
Roads: A644, A641, M62 (Junctions 25)
Rail: Brighouse Rail
Air: Leeds Bradford Airport

Situation

The property is situated in Brighouse Town Centre on the southern side of the King Street, at its junction with Bradford Road. Nearby occupiers include Lloyds, Yorkshire Bank, Greggs and Oxfam. The rear of the property fronts Lawson Road.

Tenure

Freehold.

Location

Miles: 7 miles south of Bradford,16 miles south-west of Leeds, 33 miles north-west of Sheffield
Roads: A644, A641, M62 (Junctions 25)
Rail: Brighouse Rail
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units with 2 King Street benefitting from first floor ancillary accommodation. In addition there are two self-contained first floor office units, one of which is immediately above 20/22 Bradford Road and the other accessible from King Street. To the rear of the property fronting Lawson Street/King Street is a large site comprising a car park for approximately 30 cars and a former petrol station forecourt, both of which are offered with vacant possession (subject to shared rights of access) and provide development potential (subject to planning consent).

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Review/(Reversion)
2 King Street	Ground First (Part)	Retail Ancillary	703 sq m 137.65 sq m	(7,567 sq ft) (1,481 sq ft)	MACKAYS STORES LIMITED(1)	10 years from 25/12/2009	£90,000	(24/12/2019)
2 King Street Office Suite	First (Part)	Office	183.24 sq m	(1,972 sq ft)	VACANT POSSESSION
20/22 Bradford Road	Ground	Retail	45.33 sq m	(488 sq ft)	INDIVIDUAL (t/a Park Row Hair and Beauty) (2)	5 years from 04/10/2011	£12,001 (3)	(03/10/2016)
20 A/B Bradford Road	First	Office	94.66 sq m	(1,018 sq ft)	INDIVIDUAL (t/a Park Row Hair and Beauty) (2)	5 years from 04/10/2011	£6000	(03/10/2016)
Totals			1,163.88 sq m	(12,526 sq ft)			£108,001

(1) For the year ending February 2014, Mackays Stores Limited reported a turnover of £158,289,000, pre-tax profits of £2,026,000 and a total net worth of £66,531,000. (Source: www.riskdisk.com18/09/2015)
(2) Park Row Hair and Beauty is a contemporary and professional salon established in 1998 in the heart of Brighouse (http://parkrowhairandbeauty.com 18/09/2015)
(3) The rent for 20 Bradford Road is £12,000 p.a. There is an additional lease for the bin store on the same lease terms for £1 p.a.