26-30, Ropergate, Pontefract

Under Offer

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  • Fully Let Investment
  • Annual Rent £40,450
  • Large Plot
  • Additional Car Park

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Adair Paxton are pleased to bring to the market the retail investment in central Ponterfact of 26-30 Ropergate. The property comprises 4 retail units and a large car park at the rear. The fully let investment currently achieved an annual rental of £40,450 per annum.

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)

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 reflecting a yield of 9.5% ignoring acquisition costs. VAT is not applicable on this property.

Energy Performance Certificate
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 (Expired)

Business Rates
According to the Valuation Office Agency website the premises has the following 2023 Rateable Values: No. 26 £7,800 No. 28 £7,900 No. 30 £8,800 FF 26-30 £5,600 Interested parties are advised to make their own enquiries in this respect.

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