Includes Entire Building with Approximately 747.78 sq m (8,050 sq ft) of Office Accomodation
Residential Conversion Potential (subject to consents)
200m North of Kingsgate Shopping Centre and 150m South West of Huddersfield Railway Station
Nearby occupiers include Costa Coffee, McDonald's, Caffe Nero, B&M, Nando's, Sports Direct and Boots
Lot 26
Auction 2nd November 2023
Rent £63,891 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles south-west of Leeds, 30 miles north-east of Manchester, 8 miles south of Halifax
Roads
A629, A62, M62
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in Huddersfield Town Centre on the east side of John William Street at its junction with Church Street and some 50 metres from the busy junction with Kirkgate, Westgate and Market Place where Nandos and McDonald's are situated. Huddersfield Train Station is just 150m north east and Kingsgate Shopping Centre 200m south of the property. Nearby occupiers include Costa Coffee, Caffe Nero, B&M, Sports Direct and Boots.
Tenure
Virtual Freehold. Held for a term of 999 years from 25/03/1918 at a rent of £85 7s 0d per annum exclusive.
Location
Miles
15 miles south-west of Leeds, 30 miles north-east of Manchester, 8 miles south of Halifax
Roads
A629, A62, M62
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in Huddersfield Town Centre on the east side of John William Street at its junction with Church Street and some 50 metres from the busy junction with Kirkgate, Westgate and Market Place where Nandos and McDonald's are situated. Huddersfield Train Station is just 150m north east and Kingsgate Shopping Centre 200m south of the property. Nearby occupiers include Costa Coffee, Caffe Nero, B&M, Sports Direct and Boots.
Tenure
Virtual Freehold. Held for a term of 999 years from 25/03/1918 at a rent of £85 7s 0d per annum exclusive.
Description
The property comprises a substantial building with retail accommodation on the ground floor, car parking in the basement and office accommodation on the four upper floors.
The upper floors may benefit from residential conversion potential (subject to consents).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial building with retail accommodation on the ground floor, car parking in the basement and office accommodation on the four upper floors.
The upper floors may benefit from residential conversion potential (subject to consents).
VAT
VAT is applicable to this lot.
Completion Period
Six 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 (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Retail/Leisure
-
(-)
J D WETHERSPOON PLC (crn: 01709784)
896 years from 12/09/2023
Peppercorn
(24/03/2917)
First
Office
201.01
(2,164)
FUSION HOUSING LTD. (crn: IP28231R)(2)
11 years from 01/09/2016
£15,000
(31/08/2027)
Second Third Fourth
Office Office Office
182.98 182.95 180.84
(1,970) (1,969) (1,947)
FUSION HOUSING LTD. (crn: IP28231R)(2)
11 years from 01/09/2016
£46,792
(31/08/2027)
Basement
Car Park
2 Parking Spaces
(-)
FUSION HOUSING LTD. (crn: IP28231R)(2)
11 years from 01/09/2016
£2,000
(31/08/2027)
Basement
Sub Station
-
(-)
NORTHERN POWER
21 years from 25/3/1984
£99
-
Total Approximate Floor Area
747.78
(8,050)
£63,891
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates) (2) Fusion Housing Ltd. (crn: IP28231R) were registered in 1995. Fusion Housing is a non-for-profit making charity working to help individuals who are experiencing housing related problems and need support with learning and employment and employs 90 staff (see: www.fusionhousing.org.uk)
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.
