TK Maxx, 90 / 93 Cathedral Walk The Ridings Shopping Centre Wakefield West Yorkshire WF1 1YD

TK Maxx, 90 / 93 Cathedral Walk
The Ridings Shopping Centre
Wakefield
West Yorkshire
WF1 1YD

Substantial Department Store Investment

Let to TJX UK (t/a TK Maxx)
Immediate Asset Management Opportunities
Approximately 22,505 sq ft
Forms part of The Ridings Shopping Centre
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
Auction Venue
Live Streamed Auction

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Substantial Department Store Investment

Let to TJX UK (t/a TK Maxx)
Immediate Asset Management Opportunities
Approximately 22,505 sq ft
Forms part of The Ridings Shopping Centre
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

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.