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Lot 11 Sold Prior

38 Northgate & 47 Foundry Street, Dewsbury, West Yorkshire WF13 1DX

  • Photo1
  • Photo2

Lot 11

Freehold Commercial Investment
Gross Yield 12%
6 Week Completion

Situation

Conveniently located close to the main Ring Road (A368), opposite the newly opened Kirklees College Pioneer Higher Skills Centre, nearby multiples such as Santander and NatWest and a variety of independent traders, in the Town Centre.
Dewsbury lies approximately 8 miles south-west of Leeds City Centre and benefits from good road links via the A368 to the M1 (Junction 40) and the A653 to the M62 (Junction 28).

Property

A mid terrace building comprising a Ground Floor Take-Away and Ancillary Accommodation at first and second floor levels. The property benefits from rear access on to Foundry Street.

Accommodation¹

Ground Floor Take-Away
Gross Frontage 17'0"
Built Depth 61'0"
Area Approx 905 sq ft
WC
First Floor Ancillary
Area Approx 1,134 sq ft
Second Floor Ancillary
Area Approx 250 sq ft

Total Area Approx 2,289 sq ft

¹Not inspected by Barnett Ross. Areas taken from V.O.A.

VAT is NOT applicable to this Lot

FREEHOLD


Tenancy

The entire property is let on an internal repairing and insuring lease to Noorjahan Begum t/a Perfect Fried Chicken for a term of years from 6th October 2015 to 23rd March 2026 (renewal of a previous lease) at a current rent of £12,000 per annum exclusive.

Rent Reviews October 2020 (Outstanding - Landlord quoted £15,000 p.a.) and 3 yearly.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*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.