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Retail premises for sale

£355,000 (£40.22/sq. ft)

B&M Investment, 11-15, Wharf Street, Sowerby Bridge HX6

Retail premises for sale 8,826 sq. ft*
Interested in this property? Call +44 1422 298787 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

The property briefly comprises a town centre retail warehouse which is occupied by B&M.

The premises are accessed via a traditional stone-lined two-storey frontage which leads into a more modern construction retail warehouse to the rear.

At the rear of the property is a surfaced area of yard which is utilised for loading and is accessed via Tuel Lane and the Local Authority Car Park to the east.

We understand that the customers or visitors of the tenant are able to utilise the adjoining car park without charge.

Location

The property is located with frontage to Wharf Street, the principal through road within Sowerby Bridge Town Centre. Sowerby Bridge is a busy market town and has proven a popular destination for a number of retail and leisure operators, with notable nearby occupants including Lidl and Wetherspoons. Sowerby Bridge remains an attractive residential location benefitting from both a scenic semi-rural setting whilst maintaining excellent transport links with proximity to Junction 23 of the M62 Motorway Network.

Tenancy

The property is occupied by B&M Retail Limited by way of a full repairing and insuring lease until the 20th of December 2026. The passing rent from the 21st of June 2024 is £44,500 per annum exclusive.

B&M is a multinational variety store, currently operating 707 stores in the UK with an additional 114 in France. B & M Retail Limited (01357507) reported a turnover of over £4 billion, pre-tax profit of £430 million and a net worth of £595 million.

Price

£355,000 plus VAT for the Long Leasehold Interest

Tenure

The property is sold on a Long Leasehold basis which commenced in 1983 for a period of 125 years, having circa 84 years unexpired (at the time of writing). The Long Leasehold is subject to a ground rent currently standing at £7,500 per annum.


VAT


The price quoted is exclusive of VAT which is understood to be applicable.

Legal Fees

Each party is to be responsible for their own legal costs incurred in any sale transaction.

Rateable Value

The property has been assessed with a Rateable Value of £43,250. The current rate payable in the pound is 51.2p for the standard multiplier and 49.9p for the small business multiplier.


EPC


The property has been assessed with an EPC Rating of C which is valid until the 7th of September 2031.

Viewing

For further information or should you wish to arrange a viewing, please contact the joint selling agents:

Jack Spencer

Direct Line: Mobile: Email:

Ref:45364

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Walker Singleton Commercial, HX1 on +44 1422 298787 * (local rate)

Contact Walker Singleton Commercial about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Walker Singleton Commercial, and do not constitute property particulars. Please contact Walker Singleton Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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