Commercial property investment comprising of a letting to Peacocks on GF and FF in No17, a letting to Betfred in GF No 15 as well as vacant uppers which were formerly a restaurant and now have the benefit of planning permission for 4 residential apartments.
Brief tenancy details can be found on the schedule within these particulars (documents available on request) and full documentation for the residential planning permission encompassing 4 apartments can be found on the WMDC website under the planning reference 23/02067/FUL.
The properties are located on Beastfair in Pontefract town centre. They occupy a prime retail position with other national operators such as B&M, M&S and Boots all in close proximity.
Pontefract is situated 12 miles south-east of Leeds, 15 miles north-east of Doncaster, 9.5 miles north-east of Wakefield and has excellent access to the M62 Junction 32 which is 1.5 miles to the north and the A1, which is situated approximately 1.5 miles to the east of the town.
|
Accommodation |
Tenant |
Lease Terms |
Rental |
Rateable Value |
Size |
EPC |
Tenant Info |
|
GF 15 Beastfair |
Betfred |
5 year lease from July 2024 – effective FRI |
£25,750 p.a. |
£24,500 |
1,643 sq.ft |
C57 |
Betfred has 1,300 outlets and employs 9,500 in the UK |
|
FF/SF 15 Beastfair |
VACANT |
Planning permission for 2 No 1 Bedroom and 2 No 2 Bedroom apartments. Total Size 2,199 sq.ft – Planning Ref 23/02067/FUL |
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|
GF / FF 17 Beastfair |
Peacocks |
6 year lease from Sept 2021 – effective FRI |
£50,000 p.a. |
£40,500 |
GF 5,540 sq.ft FF 3,100 sq.ft BSMT 288 sq.ft |
E110 |
Peacocks have 350 retail outlets as well as offices and distribution centres. They employ 4,500 in the UK |
|
Electricity Substation – Rear |
Yorkshire Electricity Distribution Plc |
60 years from Feb 1977 |
£20 |
N/A |
N/A |
N/A |
|
|
TOTAL |
£75,770 p.a. |
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PLANNING
We recommend interested parties make their own enquiries with the local authority – 0345 850 6506 / [email protected]
TERMS
Offers are invited for the freehold interest at a guide price of £900,000 Exc.
