19 Westgate Wakefield West Yorkshire WF1 1JZ

19 Westgate
Wakefield
West Yorkshire
WF1 1JZ

Public House Investment

Public House let on a 15 year lease until 2030 (subject to option)
Pedestrianised town centre location
Approximately 100m metres from the entrance to the Ridings Shopping Centre
Nearby occupiers include marks & Spencer, Lloyds Bank, Specsavers Opticians and Waterstones
Producing £25,000 p.a.x. (2) Rising to £30,000 in 2018 and £35,000 in 2019
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
94
Auction
19th May 2016
Rent
£25,000 per Annum Exclusive
Status
Sold
Price
£172,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Public House Investment

Public House let on a 15 year lease until 2030 (subject to option)
Pedestrianised town centre location
Approximately 100m metres from the entrance to the Ridings Shopping Centre
Nearby occupiers include marks & Spencer, Lloyds Bank, Specsavers Opticians and Waterstones
Producing £25,000 p.a.x. (2) Rising to £30,000 in 2018 and £35,000 in 2019
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 94
Auction 19th May 2016
Rent £25,000 per Annum Exclusive
Status Sold
Price £172,000
Sector
Leisure
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 9 miles south of Leeds, 6 miles east of Dewsbury
Roads: A638, A642, M1, M62
Rail: Wakefield Westgate Railway Station, Wakefield Kirkgate Railway Station
Air: Leeds Bradford Airport

Situation

The Property is situated in a prime retail position on the south side of busy Westgate, some 100 metres west of the entrance to the Ridings Shopping centre, with occupiers such as Marks & Spencer and Primark. Other nearby occupiers include Lloyds Bank, Specsavers Opticians and Waterstones.

Tenure

Long Leasehold. Held for a term of 99 years from 1st January 2015 at a rent reserved of £250 to commence in 2024 and then doubling every 10 years.

Location

Miles: 9 miles south of Leeds, 6 miles east of Dewsbury
Roads: A638, A642, M1, M62
Rail: Wakefield Westgate Railway Station, Wakefield Kirkgate Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Long Leasehold. Held for a term of 99 years from 1st January 2015 at a rent reserved of £250 to commence in 2024 and then doubling every 10 years.

Description

The property comprises a ground floor public house with ancillary accommodation on the basement and 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 public house with ancillary accommodation on the basement and 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	Reviews
Ground Basement First	Public House Ancillary Public House/ Ancillary	323.67 sq m 59.92 sq m 136.19 sq m	(3,484 sq ft) (645 sq ft) (1,466 sq ft)	TOP HOUSE LEISURE LIMITED	15 years from 15/02/2015 until 2030 (1) on a full repairing and insuring lease	£25,000 (2)	16/02/2020 16/02/2025
Totals		519.79 sq m	(5,595 sq ft)

(1) The lease provides for a tenant option to determine the lease on 15th February 2020 on providing 6 months prior written notice.
(2) The lease provides for the rent to be increased to £30,000 p.a.x. from 16th February 2018 and £35,000 per annum exclusive from 16th February 2019.