56 / 78 Halifax Road Todmorden West Yorkshire OL14 5QG

56 / 78 Halifax Road
Todmorden
West Yorkshire
OL14 5QG

Prominent Freehold Retail Investment

Prominent roadside location
Let to B&M Retail Limited on a new 10 year lease from completion (no breaks)
Car park included approximately 70 spaces
Comprises 13,737 sq ft on a site of approximately 1.09 acres

Lot
12
Auction
12th February 2020
Rent
£155,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Prominent Freehold Retail Investment

Prominent roadside location
Let to B&M Retail Limited on a new 10 year lease from completion (no breaks)
Car park included approximately 70 spaces
Comprises 13,737 sq ft on a site of approximately 1.09 acres

Lot 12
Auction 12th February 2020
Rent £155,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 20 miles south of Skipton; 22 miles north of Manchester; 25 miles west of Leeds
Roads: A646, A6033, M62, M65
Rail: Todmorden Railway Station
Air: Leeds Bradford Airport

Situation

Todmorden is a predominantly residential town 20 miles south of Skipton, 22 miles north of Manchester and 25 miles west of Leeds. The town benefits from its close proximity to the M62 and M65. The property is located in a prominent roadside position on the A646 Halifax Road, close to its junction with Canal Street. The property is adjacent to Todmorden Health Centre, with other occupiers nearby including Lidl and a number of local traders.

Tenure

Freehold. Part Leasehold (See Plan) Part of the car park held for a term of 99 years from 12TH May 1995 (74 Years unexpired) at a peppercorn rent

Location

Miles: 20 miles south of Skipton; 22 miles north of Manchester; 25 miles west of Leeds
Roads: A646, A6033, M62, M65
Rail: Todmorden Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold. Part Leasehold (See Plan) Part of the car park held for a term of 99 years from 12TH May 1995 (74 Years unexpired) at a peppercorn rent

Description

The property comprises a large ground floor shop with sales, staff and ancillary accommodation. The property benefits from on-site car parking. Approximate site area 1.09 acres (0.44 hectares). There is an electrical substation on site.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B. See legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Retail Ancillary	1,132.64 sq m 143.53 sq m	(12,192 sq ft) (1,545 sq ft)	B&M RETAIL LIMITED (1)	10 years from completion on a full repairing and insuring lease	£155,000	2025 (2)
Total		1,276.17 sq m	(13,737 sq ft)			£155,000

(1) For the year ended 31st March 2018, B&M Retail Limited reported a turnover of £2,801,499,000, pre-tax profits of £273,406,000 and a net worth of £754,389,000 (Source: Experian 13/01/2020). B&M was formed in 1978 and is now one of the leading variety retailers in the UK. From its first store in Blackpool, Lancashire, B&M has grown to over 600 stores and employs over 26,000 people
(Source: www.bandmretail.com).
(2) Capped so as not to exceed £170,000.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.