TK Maxx, 90 / 93 Cathedral Walk The Ridings Shopping Centre Wakefield West Yorkshire WF1 1YD

  • TK Maxx, 90 / 93 Cathedral Walk<br>The Ridings Shopping Centre<br>Wakefield<br>West Yorkshire<br>WF1 1YD

TK Maxx, 90 / 93 Cathedral Walk
The Ridings Shopping Centre
Wakefield
West Yorkshire
WF1 1YD

Prime Retail Investment

  • Let to TJX UK (t/a TK Maxx)
  • Approximately 22,505 sq ft
  • Forms part of The Ridings Shopping Centre
  • Excellent location close to the main entrance of The Ridings Shopping Centre
  • Other occupiers in the shopping centre include Marks & Spencer, Primark, Sports Direct, WHSmith, Boots the Chemist and Poundworld
  • Located close to Merchant Gate Regeneration Scheme
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    39
  • Auction
    30th March 2017
  • Rent
    £250,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Prime Retail Investment

  • Let to TJX UK (t/a TK Maxx)
  • Approximately 22,505 sq ft
  • Forms part of The Ridings Shopping Centre
  • Excellent location close to the main entrance of The Ridings Shopping Centre
  • Other occupiers in the shopping centre include Marks & Spencer, Primark, Sports Direct, WHSmith, Boots the Chemist and Poundworld
  • Located close to Merchant Gate Regeneration Scheme
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 39
  • Auction 30th March 2017
  • Rent £250,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate (direct link to London King’s Cross) and Wakefield Kirkgate Railway
Air
Leeds/Bradford Airport
Situation

The property is situated on the Upper Mall level of The Ridings Shopping Centre, which is located in the heart of Wakefield City Centre, just a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Boots the Chemist, Primark, Sports Direct and Poundworld. The shopping centre comprises approximately 100 units providing over 345,000 sq ft of retail accommodation and provides car parking for approximately 1,070 cars over 3 car parks, each with direct access to the mall.

Tenure

Long Leasehold. Held for a term of 125 years (less 12 days) from 17th October 1983 until 4th October 2108 at a peppercorn rent.

Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate (direct link to London King’s Cross) and Wakefield Kirkgate Railway
Air
Leeds/Bradford Airport
Situation

The property is situated on the Upper Mall level of The Ridings Shopping Centre, which is located in the heart of Wakefield City Centre, just a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Boots the Chemist, Primark, Sports Direct and Poundworld. The shopping centre comprises approximately 100 units providing over 345,000 sq ft of retail accommodation and provides car parking for approximately 1,070 cars over 3 car parks, each with direct access to the mall.

Tenure

Long Leasehold. Held for a term of 125 years (less 12 days) from 17th October 1983 until 4th October 2108 at a peppercorn rent.

Description

The property comprises a large single floor shop, forming part of the larger Ridings Shopping Centre.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

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

Description

The property comprises a large single floor shop, forming part of the larger Ridings Shopping Centre.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

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 Reversion
Upper Mall Level
Upper Mall Level
 Retail/Ancillary
Plant
1,986.82 sq m 103.96 sq m
(21,386 sq ft) (1,119 sq ft)
 TJX UK (1) t/a TK Maxx
 10 years from 26/12/2011 on a
full repairing
and insuring lease
 £250,000
 25/12/2021
Totals  
2,090.78 sq m
(22,505 sq ft)
     £250,000
  

(1) For the year ending 30th January 2016, TJX UK reported a turnover of £2,434,000,000, pre-tax profits of £142,300,000 and a total net worth of £599,400,000 (Source: Experian Group 27/02/2017). TK Maxx trade from about 400 stores in the UK & Europe (Source: www.tkmaxx.com 27/02/2017).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Wallace LLP 1 Portland Place
London
W1B 1PN +44 (0)20 7636 3736
Jackie Boot +44 (0)20 7467 8722jackie.boot@wallace.co.uk

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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