1 - 5 New Street Huddersfield West Yorkshire HD1 2AX

  • 1 - 5 New Street<br>Huddersfield<br>West Yorkshire<br>HD1 2AX

1 - 5 New Street
Huddersfield
West Yorkshire
HD1 2AX

Virtual Freehold Retail Investment

  • Tenants include Partners The Stationers (t/a Rymans)
  • Comprises two prominent retail units
  • Town centre location
  • Close to the Kingsgate and Piazza Shopping Centres
  • Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    15
  • Auction
    7th July 2016
  • Rent
    £122,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills
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Virtual Freehold Retail Investment

  • Tenants include Partners The Stationers (t/a Rymans)
  • Comprises two prominent retail units
  • Town centre location
  • Close to the Kingsgate and Piazza Shopping Centres
  • Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 15
  • Auction 7th July 2016
  • Rent £122,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills

Property Information

Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A629, A640, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated in a prominent and busy town centre location at the corner of New Street and Market Place. Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s.

Tenure

Virtual Freehold. Held for a term of 999 years from 25/03/1874 at a rent of £90 per annum.

Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A629, A640, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation

The property is situated in a prominent and busy town centre location at the corner of New Street and Market Place. Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s.

Tenure

Virtual Freehold. Held for a term of 999 years from 25/03/1874 at a rent of £90 per annum.

Description

The property comprises two retail units with retail accommodation on the ground floor and retail and ancillary accommodation in the basement. 1 New Street benefits from a return frontage on to Market Place. The upper two floors are self-contained, with a separate access between the two retail units, and are used as retail and a dance studio.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises two retail units with retail accommodation on the ground floor and retail and ancillary accommodation in the basement. 1 New Street benefits from a return frontage on to Market Place. The upper two floors are self-contained, with a separate access between the two retail units, and are used as retail and a dance studio.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

No. Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/ (Reversion)
1 Ground
Basement		 Retail
Retail/Ancillary
94.33 sq m
54.31 sq m
(1,015 sq ft)
(585 sq ft)
 INDIVIDUAL
(t/a Rico)		 25 years from 25/11/2003 on
a full repairing and insuring
lease		 £49,500 21/11/2019
(21/11/2029)
3-5 Ground
Basement
First
Second		 Retail
Ancillary
Retail
Ancillary
185.31 sq m
95.40 sq m
181.00 sq m
174.22 sq m
(1,995 sq ft)
(1,027 sq ft)
(1,948 sq ft)
(1,875 sq ft)
 PARTNERS THE
STATIONERS
LIMITED (t/a
Rymans) (1) (2)		 15 years from 08/10/2002 on
a full repairing and insuring
lease		 £72,500 (07/10/2017)
Totals    
635.93 sq m
(6,845 sq ft)
     £122,000

(1) Ryman Limited is the parent company of Partners The Stationers Limited. For the year ending 28th March 2015, Ryman Limited reported a turnover of £131,005,000, pre-tax profits of £7,918,000 and a total net worth of £44,489,000 (Source: www.riskdisk.com 09/06/2016). Ryman operates from over 200 stores nationwide (Source: www.ryman.co.uk).
(2) The first and second floor has been sublet.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 21 Station Road
Watford
WD17 1HT
Matthew Hind 020 7842 3311matthew.hind@dentons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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