Retail premises for sale in 3 Market Place, Pontefract, West Yorkshire, West Yorkshire WF8

£295,000 (£199.59/sq. ft)
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Retail premises for sale

1,478 sq. ft*

Property description

Key Points

  • Historic West Yorkshire Market Town
  • Prime Location
  • Tenant - Done Brothers (Cash Betting) Ltd t/a Betfred
  • 3.5 years secured income
  • Break option not exercised
  • Rent - £31,250 pax
  • Net Initial Yield - 10.26%
  • Betfred have been in occupation since 1999
  • Lease Expiry - 2026
  • Description

    The property comprises a Grade II listed mid-terrace 3 storey retail unit of brick construction under a pitched slate roof to the front and rear extensions.

    The property provides ground floor sales and rear stock with first floor offices and staff facilities and second floor storage. The property has been well fitted out by the tenant in their corporate style

    Externally the property has been recently redecorated by the tenant and benefits from a rear car park/yard which is accessed from Southgate.

    Location

    The property occupies a prime location within this popular market town immediately adjacent to Barclays Bank and The Printer Draft public house with other multiple retailers in the close vicinity including Marks and Spencer, Nationwide, Santander, Vodafone, Holland & Barrett & Greggs as well as a number of local retailers and bars and restaurants

    Tenancy

    The property is let to Done Brothers (Cash Betting) Limited on a 10 year Fri lease from 29th September 2016 at a current rent of £31,250 pax. The tenant did benefit from a break clause on 28th September 2021 but has not exercised this break, demonstrating their commitment to the unit.

    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
    Brackenridge Hanson Tate Limited, LS2 on +44 113 427 5856 * (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 Brackenridge Hanson Tate Limited, and do not constitute property particulars. Please contact Brackenridge Hanson Tate Limited 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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