Town Centre Location High Volumes of Passing Footfall Subway Sandwich Franchise Freehold Opportunity Lease Extended to November 2028 Passing Rent: £15,500per annum Offers In Excess Of £185,000 Are Invited
Location The subjects are situated on the South West side of Beastfair, within the pedestrianised precinct within the town centre of Pontefract. Pontefract, with a population in excess of 28,500, is located 12 miles south-east of Leeds and 21 miles south-west of York. The property, which is in a Conservation Area, is situated on the south side of the pedestrianised Beastfair, close to its junction with Cornmarket in the heart of the town centre. Occupiers close by include Tesco, Peacocks, Betfred, Marks & Spencer Simply Food, Boots, New Look and a range of local retailers.
Description The subjects comprise a ground floor retail unit set within a larger 3 storey building of traditional construction surmounted by a pitched roof overlaid in tile. The subjects benefit from single frontage of timber framed glazed construction with access gained via a recessed doorway leading to an open plan customer area with loose tables and chairs.
Internally the subjects are fitted out in accordance with Subway corporate specification and branding with large display counter, floors overlaid in laminated timber, along with partition erected in the mid section of the demise to divide the customer area and to create rear area for storage, staff area & w.c facilities.
The subjects are held on a full repairing and insuring lease on the following terms;
Tenant: Made To Order t/a Subway Sandwiches Term: 18th Nov 03’ - 17th Nov 18’ The lease has been extended for a further 10years to November 2028 Tenant Break: November 2023 Rent Review: November 2023 Passing Rent: £15,500per annum
Our client is inviting offers in excess of £185,000 representing a Gross Initial Yield of 8.37% ￼ V.A.T
The subjects have not been elected for V.A.T
Available on request
The subjects can be viewing during normal opening hours, detailed viewings must be arranged via the marketing agent
Each party shall bear their own legal costs incurred during the transaction
Lease & Title
Available on request
SUBWAY INVESTMENT FOR SALE: BEASTFAIR PONTEFRACT
Type: Retail, Retail - High Street, Restaurant/Cafes
For Sale or To Let - speculative development of production/distribution units, ready for occupation Q2 2019. The development site covers c9.9 acres in all. It is located just south of the M62 Junction 32, adjacent to the A639 Park Road, from which it is accessed. Close to the entrance is a Halfords, McDonalds and The Racecourse Retail Park, there is also a Travis Perkins unit adjacent to the proposed development.
- The proposed scheme comprises 4 units up to 80,000 sq ft ready for occupation Summer 2019. - Unit 1 - Warehouse and offices 34,600 sq ft - Unit 2 - Warehouse and offices 12,000 sq ft - Unit 3 - Warehouse and offices 82,500 sq ft - Unit 4 - Warehouse and offices 21,000 sq ft - Planning consent was granted in February 2018 for the proposed development. - Units are available on a freehold/leasehold design and build basis.
For Sale/To Let-Speculative development of production/distribution units ready to occupy Q2 2019
Type: General Industrial, Distribution Warehouse, Industrial
Park Road, Pontefract, WF8 4PRGBWakefield, PontefractYorkshireWF8 4PRPark Road