68 Horton Road Halifax West Yorkshire HX1 1QE

68 Horton Road
Halifax
West Yorkshire
HX1 1QE

Freehold Retail Investment

Town centre unit entirely let to tenant (t/a Cycle Gear)
Located in popular market town adjacent to the Pennine Shopping Centre
50 metres from £19m redeveloped Piece Hall (due to open in Summer 2016)
Nearby occupiers include Kwik Fit, Argos and B&M Bargains
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
42
Auction
23rd March 2016
Rent
£29,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of Royal London

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Freehold Retail Investment

Town centre unit entirely let to tenant (t/a Cycle Gear)
Located in popular market town adjacent to the Pennine Shopping Centre
50 metres from £19m redeveloped Piece Hall (due to open in Summer 2016)
Nearby occupiers include Kwik Fit, Argos and B&M Bargains
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 42
Auction 23rd March 2016
Rent £29,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of Royal London

Property Information

Location

Miles: 7 miles north-west of Huddersfield, 16 miles south-west of Leeds, 26 miles north-east of Manchester
Roads: A629, A58, M62 (Junction 24)
Rail: Halifax Rail
Air: Leeds Bradford International Airport

Situation

The property is situated in the popular market town of Halifax on Horton Street, the main route from Halifax Station into the town centre. The property is situated between Kwik Fit and the Pennine Shopping Centre, which houses retailers including Argos and B & M Bargains.
The £19m Piece Hall redevelopment, due to open in Summer 2016, is some 50 metres from the property and will provide a 60,000 sq ft landscaped courtyard, cafés, restaurants, shops, business space and a visitor centre (www.thepiecehall.co.uk 26.02.2016).

Tenure

Freehold.

Location

Miles: 7 miles north-west of Huddersfield, 16 miles south-west of Leeds, 26 miles north-east of Manchester
Roads: A629, A58, M62 (Junction 24)
Rail: Halifax Rail
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property is an attractive period building comprising ground and first floor retail accommodation, which was comprehensively refurbished in 2013. The property is entirely let to one tenant on two separate leases.

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

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)
Part Ground	Retail/Showroom	445.93 sq m	(4,800 sq ft)	INDIVIDUALS (t/a Cycle Gear) (1)	1 year from 26/11/2013 (2)	£10,000	(25/11/2014)
Part Ground & First	Retail/Showroom	418.06 sq m	(4,500 sq ft)	INDIVIDUALS (t/a Cycle Gear) (1)	10 years from 22/02/2013 until 21/02/2023	£19,000	22/02/2018
Totals		863.99 sq m	(9,300 sq ft)			£29,000

(1) Cycle Gear is a family run business which has been established for over 40 years and runs one of the largest cycle retail websites in the UK. (Source: ukbikesdepot.com 19/02/2016)
(2) The tenant is holding over.