LOCATION
The property is situated fronting Ropergate, which is within Pontefract town centre, immediately to the southwest of Market Place. Usual town centre amenities are available within easy reach. On-street parking is available along the length of Ropergate. There is a car park included with the property to the rear, accessed off Liquorice Way.
DESCRIPTION
A mid-terrace block comprising 3 retail units and a further retail space located at first floor accessed from the rear (Liquorice Way). The four units are fully let with tenancy details set out below. There is a private car park to the rear which is included within our Client’s ownership and also ample on street parking available nearby.
Measured in accordance with the RICS code of measuring practice, each retail space provides the following approximate net internal areas:
No. 26 670 sq ft (62.2 sq m)
No. 28 653 sq ft (60.7 sq m)
No. 30 820 sq ft (76.3 sq m)
FF 26-30 1,840 sq ft (170.9 sq m)
TOTAL FLOOR AREA 3,983 sq ft (370 sq m)
TENANCY SCHEDULE
| Property No.
|
Tenant
|
Type of business
|
Lease details
|
Rent (p.a.)
|
|
26 |
Private Individual
|
Hair salon
|
3 year lease expiring 9th December 2023.
|
£9,500 (rises to £10,000pa in years 2 & 3)
|
|
28 |
The Five Towns Plus Hospice Shops Ltd
|
Charity shop
|
3 year lease expiring 11th December 2022.
|
Stepped rent:
YR1 £7,500 YR2 £8,500 YR3 £9,500 |
|
30 |
Private Individual
|
Pet food
|
2 year lease expiring 12th June 2022. Tenant has a break option on 13th December 2021.
|
£7,500 (rises to £8,760pa in year 2)
|
|
First floor 26-30 |
Private Individual
|
Suit hire
|
10 year lease expiring 18th August 2023. Rent review due on 19th August 2022.
|
£8,000
|
|
Car parking spaces |
Private Individual
|
-
|
Hire of 3 additional car parking spaces in rear car park. Payable annually in advance on 21st August
|
£750
|
TOTAL RENT = £34,250 pa
(rising to £35,510 in June’21)
TERMS
The property is offered on a freehold basis, subject to existing leases as set out below in the Tenancy Schedule. The guide price is £425,000. VAT is not applicable on this property.
ENERGY PERFORMANCE CERTIFICATES
Each Unit has a current EPC with the following ratings:
No. 26 C-70
No. 28 C-63
No. 30 C -67
FF 26-30 D-88
BUSINESS RATES
According to the Valuation Office Agency website the premises has the following 2017 Rateable Values:
No. 26 £9,700
No. 28 £9,800
No. 30 £11,000
FF 26-30 £6,800
Interested parties are advised to make their own enquiries in this respect.
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