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AGENT'S DETAILS


Pontefract – Freehold Shop and Residential Investment

For sale: £255,000.00|2572 Sq Ft|Residential, Retail, Flat, General Retail, Retail - High Street, Mixed Use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£255,000.00
SIZE2572 Sq Ft
ADDRESS1 Market Place, Pontefract, West Yorkshire WF8 1AG
TYPEResidential, Retail, Flat, General Retail, Retail - High Street, Mixed Use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
The property comprises a ground floor retail unit with first floor ancillary accommodation and two self-contained flats on first and second floors.
Recently refurbished residential flats.
Predominant position in a pedestrianised location.
Opposite Pontefract’s street market.
VAT is applicable to this property.
Nearby occupiers include Betfred, Barclays Bank, Vodafone, Lloyds Pharmacy and Greggs.

Property Description:
The property comprises a ground floor retail unit with first floor ancillary accommodation and two self-contained flats on first and second floors which have been recently refurbished.

The property provides the following accommodation and dimensions:
Ground Floor Retail/Ancillary: 89.19 sq m (960 sq ft)
First Floor Ancillary: 12.92 sq m (139 sq ft)
First Floor Flat: 47 sq m (505 sq ft)
Second Floor Flat: 90 sq m (968 sq ft)

Tenancy:
The shop is at present let to Quadrum Leisure Ltd for a term of 6 years and 11 months from 25th December 2019 at a current rent of £10,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews every fifth year and rent deposit is held of £2,500. The first floor residential flat is at present let to Quadrum Leisure Ltd for a term of 6 years and 8 months from 1st March 2020 at a current rent of £5,000 per annum. A deed of variation was signed on the 1st March 2020 to incorporate this flat within the shop lease for Quadrum Leisure Ltd. The second floor residential flat is at present let on an AST to an individual for a term of 12 months from 1st August 2019 at a current rent of £5,400 per annum. Rent deposit is held of £425.

Location:
Pontefract is a historic market town in West Yorkshire, situated some 15 miles south-west of Leeds. The property is located on the south side of a pedestrianised street, occupying a prominent corner position adjoining Market Place to Gillygate, close by to Pontefract Market. Other nearby occupiers include Betfred, Barclays Bank, Vodafone, Lloyds Pharmacy and Greggs.

LOCATION

Location: 1 Market Place, Pontefract, West Yorkshire WF8 1AG

Pontefract Baghill (0.3 miles)

Pontefract Tanshelf (0.3 miles)

Pontefract Monkhill (0.6 miles)

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