Ground floor let to Martin McColl Limited until 2023 (no breaks)
Prominent corner position on busy High Street (A59) some 1.5 miles north-east of Harrogate town centre
Minimum rental increase to £44,800 in 2018
Nearby occupiers include Lloyds Pharmacy, The Co-operative Food, Post Office and William Hill
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 56
Auction 19th May 2016
Rent £39,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles north of Leeds, 18 miles west of York
Roads
A1(M), A59, A61, A661
Rail
Starbeck Railway Station
Air
Leeds Bradford Airport
Situation
Harrogate is a highly affluent, attractive and popular tourist spa town situated some 17 miles north of Leeds. The property is situated on the south side of High Street Starbeck (A59), a busy arterial route some 1.5 miles north-east of Harrogate town centre and at its junction with Forest Avenue. Nearby occupiers include Lloyds Pharmacy, The Co-operative Food, Post Office and William
Hill.
Tenure
Freehold.
Location
Miles
18 miles north of Leeds, 18 miles west of York
Roads
A1(M), A59, A61, A661
Rail
Starbeck Railway Station
Air
Leeds Bradford Airport
Situation
Harrogate is a highly affluent, attractive and popular tourist spa town situated some 17 miles north of Leeds. The property is situated on the south side of High Street Starbeck (A59), a busy arterial route some 1.5 miles north-east of Harrogate town centre and at its junction with Forest Avenue. Nearby occupiers include Lloyds Pharmacy, The Co-operative Food, Post Office and William
Hill.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
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 retail unit with ancillary accommodation on the first floor.
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
Retail/ Ancillary
415.26 sq m
(4,470 sq ft)
MARTIN MCCOLL LIMITED (1)
15 years from 07/11/2008 on a full repairing and insuring lease
£39,600
07/11/2018 (06/11/2023)
First
Ancillary
267.02 sq m
(2,874 sq ft)
BATES & HEMINGBOROUGH
250 years from completion of the Sale
Peppercorn
Totals
682.28 sq m
(7,344 sq ft)
£39,600 Rising to a minimum of £44,800 p.a.x. in 2018
(1) For the year ending 30th November 2014, Martin McColl Limited reported a turnover of £462,850,000, pre-tax profits of £27,947,000 and a total net worth of £80,309,000. (Source: www.riskdisk.com 18/04/2016) (2) The lease provides for the rent to be increased on 07/11/2018 to the greater of £44,800 p.a.x. or “Market Rent.
