Wakefield Road Retail Park, Moldgreen Huddersfield,West Yorkshire HD5 9BE
Location Estimated District Population: 146,000 Miles: 18 miles south-west of Leeds 14 miles south of Bradford
Roads: A62, M629, M62
Position The property is located in a prominent roadside location on the busy A629, a main arterial route into the town centre. Hudderfield University and the town centre are both located less than a mile away.
Nearby: Lidl, Iceland, KFC, Premier Inn and Huddersfield University
142.14 sq m (1,530 sq ft) THE CARPHONE WAREHOUSE LIMITED (2)
138.42 sq m 77.11 sq m
(1,490 sq ft) (830 sq ft)
M T JAVED & Z JAVED with a guarantee from Ali Murad limited (t/a Poppadom Restaurant) (3)
Ground Pizza Delivery
93.83 sq m (1,010 sq ft) PIZZA HUT (UK) LIMITED (4)
Total Commercial Area 451.50 sq m (4,860 sq ft) Term
15 years from 30th October 2006 with a rent review and a tenant break option in 2016
15 years from 15th June 2009 with a rent review in 2016 and 2021
Rent £ p.a. £30,000
£35,000
Description SHOP, RESTAURANT and PIZZA DELIVERY arranged on the ground and mezzanine floors. The property benefits from parking for about 28 cars and a cash machine (now disused).
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
Rent £82,500 pa
Prominent Freehold Roadside Retail Investment
20 years from 23rd October 2006 with a rent review and tenant break option in 2016 and a further rent review in 2021
Total Rent £17,500
• Let to tenants including Carphone Warehouse and Pizza Hut
£82,500
(1) Areas provided by the Joint Auctioneers. (2) Founded in 1989, CarphoneWarehouse now have about 2,430 stores across nine European countries. For the year to 04/11, The CarphoneWarehouse Limited reported a turnover of £1.6 billion, pre-tax profits of £188 million and a net worth of £885 million. (Source: One Source One-Stop Report)
(3) This restaurant has recently been rebranded and now trades as Poppadom. A rent deposit of £10,062.50 is held. (4) Established in 1958, Pizza Hut has more than 11,000 restaurants worldwide; approximately 700 in the UK. For the year to 11/10, Pizza Hut (UK) Ltd, reported a turnover of £346.2 million and a net worth of £11.6 million. (Source: One Source One-Stop Report)
• Lease expires 2021, 2024 and 2026 (subject to options)
• Prominent roadside location opposite Lidl and close to University
• 6Week Completion Available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Wright Johnston & Mackenzie LLP. t: 0141 248 3434. e: cjb@wjm.co.uk Ref: C Brass Esq. Joint Auctioneers Fineman Ross. t: 020 7491 9227. e: james@finemanross.co.uk Ref: J Hilary Esq.
For identification purposes only – please see title documentation.