Virtual Freehold Pedestrianised Retail Investment and Vacant Retail
Pedestrianised town centre location
Part let on a 10 year lease from 2019 (1)
Over 20,000 sq ft
Occupiers nearby include Costa, Oxfam, Peacocks, Savers, Poundland and Primark
Lot 41
Auction 26th March 2020
Rent £55,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On Behalf of a Major Fund Manager
Property Information
Location
Miles
15 miles south-west of Leeds
25 miles north-east of Manchester
26 miles north of Sheffield
Roads
A62, A629, A640, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in the heart of Huddersfield town centre, on the pedestrianised New Street at its junction with Albert Yard and near to High Street. The property is located close to the Piazza Shopping Centre, Huddersfield Library and Huddersfield Concert Hall. Nearby occupiers include Costa, Oxfam, Peacocks, Savers, Poundland, Primark, Yorkshire Bank and Ladbrokes.
Tenure
Virtual Freehold. Held for a term of years expiring 30/04/3913 at rent of £60 per annum.
Location
Miles
15 miles south-west of Leeds
25 miles north-east of Manchester
26 miles north of Sheffield
Roads
A62, A629, A640, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in the heart of Huddersfield town centre, on the pedestrianised New Street at its junction with Albert Yard and near to High Street. The property is located close to the Piazza Shopping Centre, Huddersfield Library and Huddersfield Concert Hall. Nearby occupiers include Costa, Oxfam, Peacocks, Savers, Poundland, Primark, Yorkshire Bank and Ladbrokes.
Tenure
Virtual Freehold. Held for a term of years expiring 30/04/3913 at rent of £60 per annum.
Description
The property comprises two double fronted shops arranged over basement, ground, first and second floors together with a ground floor unit fronting Albert Yard. 61/63 New Street is Grade II listed.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Kirklees Council. www.kirklees.gov.uk
Completion Period
Six Week Completion
EPC
See legal pack at acuitus.co.uk
Description
The property comprises two double fronted shops arranged over basement, ground, first and second floors together with a ground floor unit fronting Albert Yard. 61/63 New Street is Grade II listed.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Kirklees Council. www.kirklees.gov.uk
(1) Tenant's option to determine 19/03/2024 upon 12 months' notice. (2) No separate access - access is via the ground floor let to ZCO Limited.
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.
Contacts
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 The Avenue Manchester M3 3AP
