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Agent's details

27-29 New Street

For sale: £525,000.00|General Retail, Retail

Property details

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

    Location: 27-29 New Street, Huddersfield, HD1 2AZ

    Huddersfield (0.2 miles)

    Lockwood (1.0 miles)

    Berry Brow (1.7 miles)

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