Retail Property For Sale In Huddersfield, Kirklees, HD1 2AZ

FOR SALE£525,000.00

ADDRESS27-29 New Street, Huddersfield, HD1 2AZ

TYPEGeneral Retail, Retail

TENUREFor Sale Leasehold

POSTED ON23rd February 2023

Key Points

Major West Yorkshire commercial centre with extensive catchment population of 286,000.

Prime retail location on pedestrianised New Street close to the junction with King Street.

Re-based rents providing secure income of £51,000 pax with annual fixed increases for the next two years.

Long retail occupier leases with WAULT to expiry of 12.58 years (10.08 years to break).

£250m Huddersfield Town Centre active masterplan regeneration programme including a new cultural and leisure quarter.

Offers are invited in excess of £525,000 excl VAT, giving a Net Initial Yield of 9.27% and a guaranteed Reversionary Yield of 10.00% in May 2024.

Low Capital Value of only £53.00 psf.

Location: 27-29 New Street, Huddersfield, HD1 2AZGBKirkleesHD1 2AZ25-27, New Street

Huddersfield (0.2 miles)

Lockwood (1.0 miles)

Berry Brow (1.7 miles)

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