- FOR SALE BY MODERN METHOD OF AUCTION £120,000 PLUS RESERVATION FEE OF 4.2%
- FREEHOLD INVESTMENT OPPORTUNITY
- GENERATING £10,000 PER ANNUM INCOME
- POTENTIAL FOR REDEVELOPMENT (STP)
- LOCATED IN THE HEART OF HECKMONDWIKE TOWN CENTRE
A Freehold Retail Investment, currently used as a Betting Office Current Gross Income: £10,000 pa.
A retail unit currently being used as a betting office comprising on the ground floor retail unit. The first floor has been blocked off at present, however could have potential for redevelopment, subject to obtaining the necessary planning consents. Heckmondwike is a town in the metropolitan borough of Kirklees, West Yorkshire, England, 9 miles (14 km) south west of Leeds. Historically part of the West Riding of Yorkshire, it is close to Cleckheaton and Liversedge.
PROPERTY DESCRIPTION
A retail unit currently being used as a betting office comprising on the ground floor retail unit. The first floor has been blocked off at present, however could have potential for redevelopment, subject to obtaining the necessary planning consents.
TENURE
FREEHOLD
PLANNING
The property may have potential for redevelopment and a variety of alternative uses, however all interested parties should make their own enquiries to Kirklees Council Planning Department, with regards to any redevelopment or change of use they may propose.
TENANCY DETAILS
The property is let to William Hill Organization Ltd for a term of 15 years on a full repairing and insuring Lease, at a rental figure of £10,000 per annum, subject to a Consumer Price Index (CPI) increase the in the 5th year (2028) and a market review in the 10th year, with a break clause every 3rd year
TENANT PROFILE
William Hill is a British gambling company founded in 1934n and the Company offers bookmaking, betting shops, and online gambling services and forms part of 888 Holdings Plc, one of the world's leading online betting and gaming companies.
VALUE ADDED TAX
We understand VAT is not applicable on this transaction.
AUCTIONEERS NOTES
FOR SALE BY MODERN METHOD OF AUCTION - STARTING BID OF £120,000 PLUS RESERVATION fee of 4.2% inc VAT applies, Please note that the completion period for this property is 58 days,
BIDDING PROCESS
This property is being offered via modern method of auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details
VIEWINGS
External viewings only.
| Tenure: | Freehold |
|---|---|
| Council Tax Band: | E |
| Tax Band | % | Taxable Sum | Tax |
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