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A Substantial Tenanted Former Co-op Producing £12,000pa/£1,000pcm
A Substantial Tenanted Former Co-op Producing £12,000pa/£1,000pcm. The property is situated in the centre of the main retailing area and opposite the new Co-op. The property is tenanted by Kirkwood Hospice who run a number of successful Charity Shops in the area and this being a busy one. The property is leased for a term of 10 years at a current rental of £12,000pa/£1,000pcm exclusive of rates. Briefly comprises, Shop, Preparation Area/Kitchen, Loading Bay, Ancillary Stores and WC’s. This is a great opportunity to acquire a substantial property with a good tenant in this very popular location. Please note there is VAT payable on the purchase price on this lot.
Tenure
See legal pack
Description & Tenancy
Ground Floor
Shop 31’8” x 22’7” (9.65m x 6.89m) Preparation Area/Kitchen 24’5” x 14’0” (7.45m x 4.27m) Loading Bay 16’4” x 11’0” (4.97m x 3.35m)
First Floor
Landing Store One 14’0” x 13’6” (4.27m x 4.11m) Store Two 9’0” x 8’10” (2.75 m x 2.70m) Store Three 34’7” x 22’8” plus 25’5” x 15’0” (10.53m x 6.91m plus 7.75m x 4.57m) Ladies & Gents WC’s
Let to Kirkwood Hospice for a term of 10 years from 22nd January 2016 subject to a rent review and tenant only break clause at the end of year 5 at a passing rent of £12,000pa exclusive of rates.
Energy Efficiency Rating (EPC)
Current Rating E
Local Authority
Kirklees Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.