44 Market Place, Heckmondwike, West Yorkshire, WF16 0JG
A retail investment in Hecknondwike, West Yorkshire
Sold for £134,000.
Thursday 18th May 2023 @ 09:00AM
A Freehold Retail Investment, currently used as a Betting Office Current Gross Income: £10,000 pa.
Property DescriptionA 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.
Energy Performance RatingB.
TenureFreehold – Subject to the existing tenancy.
PlanningThe 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 DetailsThe 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 ProfileWilliam 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 TaxWe understand VAT is not applicable on this transaction.
Auctioneer's NotePlease note that the completion period for this property is 6 weeks (42 days).
Please note no offers will be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding 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.
ViewingsExternal viewings only.
|First Floor||Currently blocked off.|
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.