28/32 Market Place & 1/3 Shoemarket Pontefract West Yorkshire WF8 1AT

  • 28/32 Market Place & 1/3 Shoemarket<br>Pontefract<br>West Yorkshire<br>WF8 1AT

28/32 Market Place & 1/3 Shoemarket
Pontefract
West Yorkshire
WF8 1AT

Freehold Retail and Dental Surgery Investment (with Recent Planning for Residential on Second Floor)

  • Prominently located charity shop and dental surgery, with planning permission recently granted for 3 flats on the vacant second floor
  • Shop let to SENSE on lease expiring June 2033 (subject to option)
  • Dental surgery let to Modern Arts Dental Limited until December 2033 (subject to options)
  • Vacant second floor (1,880 sq ft) with Planning Permission granted in September 2023 for conversion to 3 Residential flats
  • Prominent town centre location, overlooking Market Place and Pontefract Open Market
  • Nearby occupiers include M&S Simply Food (opposite), Tesco Superstore, B&M, Boots the Chemist, WHSmith, Holland & Barrett, Greggs & KFC
  • Lot
    28
  • Auction
    25th September 2024
  • Rent
    £45,000 per Annum Exclusive
    plus Vacant Second Floor with Planning for Residential conversion
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Freehold Retail and Dental Surgery Investment (with Recent Planning for Residential on Second Floor)

  • Prominently located charity shop and dental surgery, with planning permission recently granted for 3 flats on the vacant second floor
  • Shop let to SENSE on lease expiring June 2033 (subject to option)
  • Dental surgery let to Modern Arts Dental Limited until December 2033 (subject to options)
  • Vacant second floor (1,880 sq ft) with Planning Permission granted in September 2023 for conversion to 3 Residential flats
  • Prominent town centre location, overlooking Market Place and Pontefract Open Market
  • Nearby occupiers include M&S Simply Food (opposite), Tesco Superstore, B&M, Boots the Chemist, WHSmith, Holland & Barrett, Greggs & KFC
  • Lot 28
  • Auction 25th September 2024
  • Rent £45,000 per Annum Exclusive plus Vacant Second Floor with Planning for Residential conversion
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail, Residential, Development
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
9 miles east of Wakefield, 14 miles south-east of Leeds
Roads
A1(M) (Junction 41), A639, A645, M62 (Junctions 32 and 33)
Rail
Pontefract Baghill Railway Station
Air
Leeds/ Bradford International Airport
Situation

The property is prominently situated on the north side of Market Place, at its junctions with both Shoemarket and Beastfair, in the heart of the town centre. Nearby occupiers include M&S Simply Food (opposite), Tesco Superstore, B&M, Boots the Chemist, WHSmith, Holland & Barrett, Greggs & KFC.

Tenure

Freehold.

Location
Miles
9 miles east of Wakefield, 14 miles south-east of Leeds
Roads
A1(M) (Junction 41), A639, A645, M62 (Junctions 32 and 33)
Rail
Pontefract Baghill Railway Station
Air
Leeds/ Bradford International Airport
Situation

The property is prominently situated on the north side of Market Place, at its junctions with both Shoemarket and Beastfair, in the heart of the town centre. Nearby occupiers include M&S Simply Food (opposite), Tesco Superstore, B&M, Boots the Chemist, WHSmith, Holland & Barrett, Greggs & KFC.

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground floor and basement, a dental surgery on the first floor and vacant separately-accessed former office accommodation on the second floor, with planning permission to convert to residential.

VAT

VAT is applicable to this lot.

Planning

Planning permission was granted on 15/09/2023 from Wakefield Council (R: 23/00856/FUL) for the change of use from Offices to 3 Residential flats on the second floor. (www.wakefield.gov.uk) (t: 0345 8506 506 e: devcontrol@wakefield.gov.uk)

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Description

The property comprises a large shop arranged on the ground floor and basement, a dental surgery on the first floor and vacant separately-accessed former office accommodation on the second floor, with planning permission to convert to residential.

VAT

VAT is applicable to this lot.

Planning

Planning permission was granted on 15/09/2023 from Wakefield Council (R: 23/00856/FUL) for the change of use from Offices to 3 Residential flats on the second floor. (www.wakefield.gov.uk) (t: 0345 8506 506 e: devcontrol@wakefield.gov.uk)

Completion Period

Six Week Completion

EPC

The EPC's 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
Ground
Basement		 Retail/Ancillary
Ancillary
160.00
98.70
(1,722)
(1,062)
 SENSE, THE NATIONAL
DEAFBLIND AND RUBELLA
ASSOCIATION (2)
(t/a SENSE)		 10 years from 30/06/2023 with a
tenant option to determine on
30/06/2028
£35,000
30/06/2028
First Dental Surgery
174.00
(1,872)
 MODERN ARTS
DENTAL LIMITED (3)
(t/a Modern Arts Dental)
with a personal guarantee until
December 2028		 10 years from 18/12/2023 with tenant
options to determine on
18/12/2026 & 18/02/2029
£10,000
-
Second Former Offices
174.72
(1,880)
 VACANT (see Planning paragraph) -
-
-
Total  
607.42
(6,536)
    
£45,000
  

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Sense, The National Deafblind and Rubella Association, operate in over 100 stores across the UK (www.sense.org.uk)
(3) (www.modernartsdental.com)

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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 020 7638 9271k.chapman@druces.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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