Excellent location close to the main entrance of The Ridings Shopping Centre
Other occupiers in the shopping centre include Marks & Spencer, Primark, Superdrug, Morrisons, Boots the Chemist and Poundland
Located close to Merchant Gate Regeneration Scheme
Lot 27
Auction 18th May 2022
Rent £250,000 per Annum Exclusive
Status Sold
Price £150,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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, a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Primark, Superdrug, Morrisons, Boots the Chemist and Poundland. 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, a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Primark, Superdrug, Morrisons, Boots the Chemist and Poundland. 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 Department Store, 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 Department Store, 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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Upper Mall Level
Retail/Ancillary
2,090.78 sq m
(22,505 sq ft)
TJX UK (1) (t/a TK Maxx)
10 years from 26/12/2011 (holding over) on a full repairing and insuring lease
£250,000
Total
2,090.78 sq m
(22,505 sq ft)
£250,000
(1) www.tkmaxx.com. TJX UK operate 2 brands in Europe - TK Maxx and Homesense.
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.
