68/70 New Street, Huddersfield, Kirklees, HD1 2TR
£150,000+
Investment
Key Features
- A retail investment property let to Sense in the heart of Huddersfield town centre. Vacant self contained first floor space offering scope for conversion and additional rental
- Current rent reserved from ground floor shop of £20,000 pax rising in 2026 to £22,500 pax (further review to OMV in 2028)
- The property is offered 'For Sale' on a long leasehold basis for a term of 999 years expiring 9th June 3011 (987 years remaining) at a peppercorn ground rent.
Part of the
12 December 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a retail investment property let to Sense in the heart of Huddersfield town centre with a current rent reserved of £20,000 pax rising in 2026 to £22,500 pax (further review to OMV in 2028). Self contained first floor (vacant) offering scope for conversion and additional rent.
- Retail investment property let to Sense
- Situated in the retail centre of Huddersfield
- Nearby occupiers: Primark, Holland & Barrett, Home Bargains
- Pay and Display roof top car park above this parade of shops
- Located on the pedestrianised New Street
- Newly fitted out store opened in March 2024
- GF: open plan sales area, stock room, kitchen/staff room & WC
- Ground floor total area approx 950 sq ft
- FF: former stockroom (staircase removed, no access from shop)
- Large glazed display frontage onto New Street
- An ideal investment opportunity
Contact Auction Estates on (0115) 7844600
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 long leasehold basis for a term of 999 years expiring 9th June 3011 (987 years remaining) at a peppercorn ground rent. Let to Sense for a term of 10 years expiring December 2033 with a current rent reserved of £20,000 pax.
Refer to Legal Pack
Email: rebecca.toates@brownejacobson.com
Telephone: 0115 908 4862