Car Garage for sale

NCP Car Park (97 spaces), Huddersfield


Guide price
£750,000
S.O.A.

Description

Basic Facts

Status: Available
Type: Other
Tenure: Freehold
Area: 0.50 acres
Gross Rent: £ 47,125
Gross Yield %: 6.3
Lease Term: 15 years from Dec '20
Years left on Lease: 14.4
VAT applicable: Yes

Features

- £500k - £1m
- Asset management / development opportunity
- Blue-chip tenant
- Customer car parking
- Finance available
- Freehold
- Lease term > 15 years
- Lease term: 10 - 15 years
- Minimum Rental Uplifts
- No Break clauses
- Value-Add Potential

Property Description

This property is for sale in online auction on 3rd November 2020. View the catalogue entry here.

* Freehold Blue-Chip Car Park Investment.
* Comprising a 0.50 acre (0.2 Hectare) site with 97 car parking spaces

Location Description

* Huddersfield is a major commercial centre and University town located some 15 miles south-west of Leeds and 24 miles north-east of Manchester
* The town is served by the A62, A629, A640 and A642 roads, whilst the M62 Motorway (junctions 23 and 24) is within 3 miles to the West
* Huddersfield Rail Station provides regular services to Manchester, Liverpool & Leeds amongst other places via the Transpennine Express
* The property is situated on the south side of Colne Road, close to its junction with Queen Street South
* The property is located some 0.4 miles south of the town centre, Huddersfield County Court and Huddersfield University
* The immediate area is predominantly student accommodation and trade counter uses
* Occupiers close by include: Howdens, Woseley, Edmunson electrical, Just Tyres, Oxfam and IQ Student Accommodation

Additional Notes

* The property may lend itself to future redevelopment, subject to the existing lease and obtaining all the necessary consents. All enquiries should be referred to Kirklees Council. Website: www.kirklees.gov.uk
* Six week completion is available – lease to commence on completion

Categories

Car GaragesInvestment PropertyCommercial Investment PropertyDevelopment Land
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