Retail and Leisure Investment
Retail and Leisure Investment
The property is prominently situated on the busy junction of John William Street and Kirkgate within the heart of the town centre of Huddersfield. The property is opposite the entrance to the Packhorse Shopping Centre and benefits from strong pedestrian flow. Nearby occupiers include Nando's, J D Wetherspoons and Lloyds TSB Banks.
Virtual Freehold. Held for a term of 999 years from 25th March 1883 at a rent of £85 7s 0d
The property is prominently situated on the busy junction of John William Street and Kirkgate within the heart of the town centre of Huddersfield. The property is opposite the entrance to the Packhorse Shopping Centre and benefits from strong pedestrian flow. Nearby occupiers include Nando's, J D Wetherspoons and Lloyds TSB Banks.
Virtual Freehold. Held for a term of 999 years from 25th March 1883 at a rent of £85 7s 0d
The property comprises a substantial three storey period building with 4 self-contained retail units. Two of the retail units benefit from additional first floor retail accommodation and second floor ancillary accommodation. The first floor at 6-8 John William Street is self-contained and has been used recently as a betting shop (A2 use).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a substantial three storey period building with 4 self-contained retail units. Two of the retail units benefit from additional first floor retail accommodation and second floor ancillary accommodation. The first floor at 6-8 John William Street is self-contained and has been used recently as a betting shop (A2 use).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews (Reversions) | |
|---|---|---|---|---|---|---|---|---|
| 2-4 John William Street |
Restaurant Restaurant Ancillary Ancillary |
Basement Ground First Second |
148.27 sq m 123.65 sq m 120.59 sq m 225.38 sq m |
(1,596 sq ft) (1,331 sq ft) (1,298 sq ft) (2,426 sq ft) |
MCDONALD’S REAL ESTATE LLP (1) |
38 years from 31/08/1989 until 2027 | £67,500 | 2014 and 5 yearly |
| 6-8 John William Street |
Restaurant Retail (A2) Ancillary |
Ground First Second |
252.32 sq m 220.09 sq m 141.86 sq m |
(2,716 sq ft) (2,369 sq ft) (1,527 sq ft) |
PIZZA HUT (UK) LTD (2) | 25 years from 27/09/1990 | £53,000 | (2015) |
| 8A John William Street |
Retail | Ground | 17.00 sq m |
(183 sq ft) |
WAYNE & AMANDA BOUSTEAD |
10 years from 03/09/2003 | £6,300 | |
| 3-5 Wood Street |
Retail | Ground | 295.25 sq m |
(3,178 sq ft) |
ORIGAMI LTD (3) | 25 years from 18/12/1990 | £22,000 | 2010 and 5 yearly |
| Totals | 1,544.41 sq m |
(16,624 sq ft) |
£148,800 | |||||
(1) For the year ending 31st December 2010, McDonald's Real Estates LLP reported a turnover of £77,332,000, a pre-tax profit of £5,855,000 and a total net worth of £153,995,000. (Source: www.riskdisk.com 22/09/2011)
(2) Pizza Hut was established in 1958 in the USA and opened its first UK restaurant in 1973 and now has approximately 650 restaurants in the UK. (Source: www.pizzahut.co.uk 20/09/2011)
(3) For the year ending 30th June 2010, Origami Limited reported a total net worth of £77,454.
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