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Lot 30

Gross Yield 12.5%
6 Week Completion

Situation

Located in this prime town centre position fronting Market Place, adjacent to the entrance to the Packhorse Shopping Centre, adjoining Barclays Bank and amongst such other multiples as McDonald's, Natwest, Nationwide, Reeds Rains, Nandos, RBS, Subway and many others.
Huddersfield lies approximately 15 miles south-west of Leeds with good road access via the M62 (Junctions 23 & 24).

Property

Forming part of a modern terraced building comprising a Ground Floor Shop with Basement Sales/Store Area and internal access to Ancillary Workshop/Office at first floor level.

Accommodation

Ground Floor Shop
Gross Frontage 14'0"
Return Frontage 29'4"
Internal Width 13'1"
narrowing at rear to 7'0"
Shop Depth 34'8"
Basement Sales/Store
Area Approx. 300 sq ft
2 WCs
First Floor
Workshop/Office Area Approx. 320 sq ft

VAT is NOT payable in respect of this Lot

Tenure
Leasehold for a term of 850 years (less 3 days) from 5th July 2016 at a fixed ground rent of £100 p.a.

Tenancy

The property is let on a full repairing and insuring lease (assigned from a previous 25 year lease) to Mrs Sharon Walker & Mr David Walker t/a Walkers At Fillans Jewellers (See Tenant Profile) for a term of 9 years from 27th October 2015 at a current rent of £20,000 per annum exclusive.
Rent Reviews October 2018 (Not actioned) and 2021
Tenant's Break 2021 - The tenants did not operate their 2018 break clause.

Note: The premises have been used as a jeweller for over 27 years.

Tenant Profile

Walkers Jewellers have been established in Huddersfield since 1852 and trade from two branches. Visit: www.walkersofhuddersfield.com

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

19 Market Place, Huddersfield, West Yorkshire HD1 2AA