Next auction Thursday 19th June 2.30PM

112-118 New Street, Huddersfield, West Yorkshire, HD1 2UD



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Guide price

£250,000+


Property Type

Commercial


Key Features

  • An opportunity to acquire a three storey retail investment property measuring 12,767 sq ft
  • Let on a 5-year FRI lease from 16.06.2024 at £40,000 pa
  • A high yielding investment opportunity

Part of the 17 April 2025 auction
Trent Bridge Cricket Ground at 2.30PM

An opportunity to acquire a three storey retail investment property measuring 12,767 sq ft let to Home Bargains in the heart of Huddersfield town centre with a current rent reserved of £40,000 pa

  • Retail investment property let to Home Bargains
  • Let on a 5-year FRI lease from 16.06.2024 at £40,000 pa
  • Situated in the retail centre of Huddersfield
  • Nearby occupiers: Primark, Holland & Barrett, One Below etc
  • Pay and Display rooftop car park above this parade of shops
  • Close to Huddersfield Rail Station linking to Leeds & Manchester
  • Located on the pedestrianised New Street
  • Property measures 12,767 sq ft over three storeys
  • GF: open plan sales area, stock room & WC's
  • Ground floor total area measures 9,114 sq ft
  • FF: Office & storage rooms
  • First floor total area measures 2,386 sq ft
  • SF: Staff canteen, storage & plant room
  • Second floor total area measures 1,276 sq ft
  • Large glazed display frontage onto New Street
  • A high yielding investment opportunity

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

The property is offered 'For Sale' on a 999 year lease expiring 09.06.3011 at a peppercorn rent. Subject to a 5-year FRI lease to T.J. Morris Ltd (t/a Home Bargains) from 16.06.2024 at a rent of £40,000 pa

Refer to Legal Pack

Email: rebecca.toates@brownejacobson.com
Telephone: 0115 908 4862

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