15 Salter Row Pontefract West Yorkshire WF8 1BA

$15 Salter Row<br>Pontefract<br>West Yorkshire<br>WF8 1BA$

15 Salter Row
Pontefract
West Yorkshire
WF8 1BA

Freehold Retail Investment

Entirely let to Argos Limited
Attractive and historic West Yorkshire market town
Pedestrianised town centre location
Neighbouring occupiers include Wilko, Iceland, Bonmarché, Holland & Barrett, H Samuel, New Look and Boots Optician

Lot
17
Auction
13th July 2017
Rent
£80,000 per Annum Exclusive
Status
Sold
Price
£650,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Freehold Retail Investment

Entirely let to Argos Limited
Attractive and historic West Yorkshire market town
Pedestrianised town centre location
Neighbouring occupiers include Wilko, Iceland, Bonmarché, Holland & Barrett, H Samuel, New Look and Boots Optician

Lot 17
Auction 13th July 2017
Rent £80,000 per Annum Exclusive
Status Sold
Price £650,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 9 miles east of Wakefield, 14 miles south-east of Leeds
Roads: A1(M) (Junction 41), M62 two miles away (Junctions 32 and 33)
Rail: Pontefract Baghill Railway Station
Air: Leeds International Airport 20 miles away

Situation

Pontefract is an attractive and historic West Yorkshire market town. The property is situated in a prominent position opposite the entrance to Pontefract Market Hall, which links to an outdoor market in Market Place which operates on Wednesday and Saturdays. Salter Row forms part of the pedestrianised prime retail pitch in the heart of the town centre. Neighbouring occupiers include Wilko, Bonmarché, Holland & Barrett, H Samuel, New Look, Boots Optician, Claire's Accessories and Halifax Bank.

Tenure

Freehold.

Location

Miles: 9 miles east of Wakefield, 14 miles south-east of Leeds
Roads: A1(M) (Junction 41), M62 two miles away (Junctions 32 and 33)
Rail: Pontefract Baghill Railway Station
Air: Leeds International Airport 20 miles away

Situation

Tenure

Freehold.

Description

The property, a two storey building, comprises a substantial ground floor retail unit with large storage and ancillary accommodation at both ground and first floors. The property benefits from rear loading facilities along with two substantial cottages which could be utilised for further ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six 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
Ground Ground First Ground & First	Retail Ancillary Ancillary Rear cottages	219.62 sq m 214.04 sq m 454.10 sq m 121.42 sq m	(2,364 sq ft) (2,304 sq ft) (4,888 sq ft) (1,307 sq ft)	ARGOS LIMITED (1)	15 years from 30/07/2004 on a full repairing and insuring lease (2)	£80,000	29/07/2019
Totals		1,009.18 sq m	(10,863 sq ft)			£80,000

(1) For the year ending 27th February 2016, Argos Limited reported a turnover of £3,930,104,000, pre-tax profits of negative -£180,769,000 and a total net worth of £648,286,000 (Source: Experian Group 09/06/2017).
(2) The rear cottages are subject to a schedule of condition.