for sale by auction
FOR SALE BY AUCTION 1 BARUM TOP HALIFAX HX1 1NL
Commercial Investment Opportunity Long established tenant/business Adjacent to JD Wetherspoons Potential investment yield 9.6%* Residential conversion potential on upper floors
FOR SALE BY AUCTION 1 Barum Top Halifax, HX1 1NL
Commercial investment opportunity Long established tenant/business Adjacent to wetherspoons Potential investment yield 9.6% Residential conversion potential on upper floors
Services We understand that all mains services are connected.
Business Rates Assessed as Shop and Premises – Rateable Value: £7,600. The tenant is responsible for Business Rates under the terms of the lease.
EPC A copy of the Energy Performance Certificate forms part of the legal pack.
Tenure Freehold subject to a full repairing and insuring lease of the whole property to Mr Saghir for an original Term of 12 years, which expired 2012. The tenant is now holding over. Current rental £13,000 pa exclusive.
VAT
Location The property has a highly visible and prominent location in Halifax town centre overlooking Bull Green roundabout adjacent to Wetherspoons and close to the main shopping area and public car parks.
Description Commercial property investment opportunity, providing rental income from a long established hot food takeaway business on ground floor with two unused upper floors offering potential for residential or office conversion subject to planning approval and re-structuring the lease. Current rental income £13,000 pa reflects a gross yield of 9.6% based on the guide price. *
The Total Approximate net/gross internal floor areas are: Sq Ft Sq M Ground Floor Retail Area 320 29.7 Basement Store 375 34.8 First Floor two rooms 430 39.9 Second Floor two rooms 434 40.33 Total Approximate NIA 1559 sq ft 144.8 Sq M All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent.
5LG
Solicitor To be confirmed.
Viewing By appointment with the auctioneer.
Steve Molloy Direct Line: 01484477635 Email: [email protected]
Guide Price
Accommodation
Oak House, New North Road, Huddersfield, HD1
VAT is not chargeable on this lot
£135,000
Auction Venue The Cedar Court Hotel, Ainley Top, Huddersfield HD3 3RH March 2017 – date to be confirmed. Ref: 35657/Jan-17
Walker Singleton is the trading name of Walker Singleton (Commercial) Limited. Walker Singleton (Commercial) Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Walker Singleton (Commercial) Limited, has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices are quoted exclusive of VAT.
Commercial Investment Opportunity Long established tenant/business Adjacent to JD Wetherspoons Potential investment yield 9.6%* Residential conversion potential on upper floors
FOR SALE BY AUCTION 1 Barum Top Halifax, HX1 1NL
Commercial investment opportunity Long established tenant/business Adjacent to wetherspoons Potential investment yield 9.6% Residential conversion potential on upper floors
Services We understand that all mains services are connected.
Business Rates Assessed as Shop and Premises – Rateable Value: £7,600. The tenant is responsible for Business Rates under the terms of the lease.
EPC A copy of the Energy Performance Certificate forms part of the legal pack.
Tenure Freehold subject to a full repairing and insuring lease of the whole property to Mr Saghir for an original Term of 12 years, which expired 2012. The tenant is now holding over. Current rental £13,000 pa exclusive.
VAT
Location The property has a highly visible and prominent location in Halifax town centre overlooking Bull Green roundabout adjacent to Wetherspoons and close to the main shopping area and public car parks.
Description Commercial property investment opportunity, providing rental income from a long established hot food takeaway business on ground floor with two unused upper floors offering potential for residential or office conversion subject to planning approval and re-structuring the lease. Current rental income £13,000 pa reflects a gross yield of 9.6% based on the guide price. *
The Total Approximate net/gross internal floor areas are: Sq Ft Sq M Ground Floor Retail Area 320 29.7 Basement Store 375 34.8 First Floor two rooms 430 39.9 Second Floor two rooms 434 40.33 Total Approximate NIA 1559 sq ft 144.8 Sq M All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent.
5LG
Solicitor To be confirmed.
Viewing By appointment with the auctioneer.
Steve Molloy Direct Line: 01484477635 Email: [email protected]
Guide Price
Accommodation
Oak House, New North Road, Huddersfield, HD1
VAT is not chargeable on this lot
£135,000
Auction Venue The Cedar Court Hotel, Ainley Top, Huddersfield HD3 3RH March 2017 – date to be confirmed. Ref: 35657/Jan-17
Walker Singleton is the trading name of Walker Singleton (Commercial) Limited. Walker Singleton (Commercial) Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Walker Singleton (Commercial) Limited, has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices are quoted exclusive of VAT.
