Retail premises for sale in Market Place, Pontefract WF8

£750,000 (£69.2/sq. ft)
Interested in this property? Call +44 1274 506504 * or Request Details

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Retail premises for sale 10,838 sq. ft*
Tenure: Not available Council tax band: Not available

Property description

Location


The property is centrally located in Market Place, Pontefract. It is immediately adjacent to the Market Hall, in one of the main retail positions in the Town Centre.

Nearby occupiers include Santander, Lloyds Pharmacy, W H Smith, B & M Bargains and Barclays Bank.


Description


The property comprises two shops, and a restaurant providing a total of 1,006.9 sqm (10,838 sqft). It is occupied by three tenants, including Greggs plc, and gr & MM Blackledge plc.

The property is arranged on basement, ground and two upper floors providing two ground floor shops, with ancillary accommodation to the first floor. No 20-22 benefits from additional accommodation to the second floor (front), which extends over No 18, and also to the basement, both of which are presently unused by the tenant.

The self-contained basement under No 18 is used as a restaurant, which is accessed via Cross Street, to the side of Greggs.


Accommodation


The property offers the following principal dimensions and approximate net internal floor areas:-

Address/Tenant Accom SqM SqFt
18 Market Place
Greggs Ground Floor 123.8 1,333
First Floor 131.8 1,419
18 Market Place
Restaurant Basement 121.7 1,310
20-22 Market Place
gr & MM Blackledge (Bodycare) Basement 191.2 2,058
Ground 206.0 2,217
First 150.95 1,625
Second 81.45 877
total 1,006.9 10,838


Leases


The property is subject to the leases below:

Address/Tenant Lease details Rent Reversion
18 Market Place
Greggs 10 years from 25.11.2016 £24,600 pa Reversion 2026
18 Market Place
Restaurant 6 years from 22.03.2019 £5,200 pa Reversion 2025
20-22 Market Place
gr & MM Blackledge (Bodycare) Lease expiring 28.02.2026 £40,000 pa (Re-geared from £66,350 pa) Reversion 2026
total £69,800 pa Excl


Rating assessment


The property is currently assessed for rating purposes as follows:-

Address: 18 Market Place, Pontefract
Description: Shop & Premises
Rateable Value: £28,000

Address: Bst - 18 Market Place, Pontefract
Description: Restaurant & Premises
Rateable Value: £7,300

Address: 22 Market Place, Pontefract
Description: Shop & Premises
Rateable Value: £55,000

The Uniform Business Rate for 2021/2022 is 51.2 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value.


Price


Offers invited in excess of £750,000 Subject to Contract


VAT


We understand the landlord has elected to charge VAT in relation to the rent. It seems likely that the property can be treated as a togc.


Legal costs


Each party to be responsible for their own legal costs incurred in the transaction.


Energy performance certificate


The Energy Performance Ratings for the properties are:-

18 Market Place, Pontefract (Greggs)


E
- 114



Basement Level - 18 Market Place, Pontefract


E
- 121



Bodycare - 20-22 Market Place, Pontefract


C
- 71



Copies of EPC’s are available upon request.


Anti-money laundering


In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mark Brearley & Co, BD23 on +44 1274 506504 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mark Brearley & Co, and do not constitute property particulars. Please contact Mark Brearley & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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