Entirely let to Speedy Hire Centres (Northern) Limited until 2023 (subject to option)
Guarantee from Speedy Hire Plc
RPI linked Rent Review in 2018
Approximately 507.04 sq m (5,458 sq ft)
Prominent corner location close to Huddersfield town centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 59
Auction 23rd March 2016
Rent £22,018 per Annum Exclusive
Status Sold
Price £305,000
Sector Trade Counter/Builders Merchants
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
18 miles south-west of Leeds, 27 miles north-west of Sheffield
Roads
A62, A640, A641, M62 (Junction 24)
Rail
Huddersfield Railway Station
Air
Leeds/Bradford Airport
Situation
The property is situated in a highly prominent corner position on the southern side of Fartown Green Road at its junction with Bradford Road (A461), approximately one mile north of Huddersfield town
centre. The property benefits from good transport links, with access to the M62 (Junction 24) being less than three miles away. Nearby occupiers include Barclays Bank, Asda Superstore, Huddersfield SEAT Car Showroom, Matalan and Aldi.
Tenure
Virtual Freehold. Virtual Freehold. Held on two leases for terms of 999 years from 25th March 1927 at approximately £16 per annum and 940 years from 25th March 1986 at 50p per annum.
Location
Miles
18 miles south-west of Leeds, 27 miles north-west of Sheffield
Roads
A62, A640, A641, M62 (Junction 24)
Rail
Huddersfield Railway Station
Air
Leeds/Bradford Airport
Situation
The property is situated in a highly prominent corner position on the southern side of Fartown Green Road at its junction with Bradford Road (A461), approximately one mile north of Huddersfield town
centre. The property benefits from good transport links, with access to the M62 (Junction 24) being less than three miles away. Nearby occupiers include Barclays Bank, Asda Superstore, Huddersfield SEAT Car Showroom, Matalan and Aldi.
Tenure
Virtual Freehold. Virtual Freehold. Held on two leases for terms of 999 years from 25th March 1927 at approximately £16 per annum and 940 years from 25th March 1986 at 50p per annum.
Description
The property comprises a ground floor trade counter unit with office/ancillary accommodation at first floor. The property, which is used as the tenant’s regional depot, benefits from a loading door at the front as well as car parking and a site area of about 0.22 acres.
Six Week Completion
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 ground floor trade counter unit with office/ancillary accommodation at first floor. The property, which is used as the tenant’s regional depot, benefits from a loading door at the front as well as car parking and a site area of about 0.22 acres.
Six Week Completion
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
Review/(Reversion)
Ground First
Trade Counter Office/Ancillary
416.74 sq m 90.30 sq m
(4,486 sq ft) (972 sq ft)
SPEEDY HIRE CENTRES (NORTHERN) LIMITED (with a Guarantee from Speedy Hire Plc) (1)
15 years from 16/01/2008 (2) on a full repairing and insuring lease
£22,027
16/01/2018 (3) (15/01/2023)
Totals
507.04 sq m
(5,458 sq ft)
£22,027
(1) Speedy Hire are the UK’s leading tools, equipment and plant hire services company, trading from in excess of 220 locations with 3,800 employees. For the year ending 31st March 2015, Speedy Hire Plc reported a turnover of £386,000,000, pre-tax profits of £2,100,000 and a total net worth of £185,400,000 (Source: Experian Group 08/02/2016). (2) The lease provides for a tenant option to determine on 16th January 2020. (3) The rent review in 2018 is linked to RPI.
