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Leeds Road Retail Park

Leeds Road Retail Park
Huddersfield, HD1 6PF

Use Class E

£32,000,000

Use Class

E

Price

£32,000,000

Marketed by Avison Young

Last updated 20/10/2021
Leeds Road Retail Park
Huddersfield is a well located and substantial commercial centre in West Yorkshire, 20 miles south west of Leeds

Serves a large catchment with over 248,000 people living within 15 minutes’ drive, rising to over 510,000 people within 20 minutes

Leeds Road Retail Park is a DIY and discount-led retail park extending to 203,951 sq ft

Anchored by B&Q to 2030, Home Bargains to 2030 and B&M to 2029

Over 80% of the income is secured against ‘essential retailers’

Other occupiers include Wren, ScS, Dreams, Bensons for Beds, Burger King, Starbucks, Subway and Greggs

Virtual freehold bids received from both Aldi and Lidl for the two units adjacent to B&Q

Attractive WAULT of 8.6 years (7.6 years including tenant breaks)

Produces a rental income of £2,426,570 per annum, a low average rent of £13.52 per sq ft

Class E planning consent.  Generally ‘Bulky Goods’ with relaxations

Majority freehold site totalling 16.43 acres (6.6 hectares)

We are instructed to seek offers in excess of £32,000,000 (Thirty Two Million Pounds), subject to contract and exclusive of VAT.  A purchase at this level, apportioning £3,000,000 to the redevelopment site, reflects an attractive net initial yield of 7.91%, assuming full purchaser’s costs

This reflects £1.95 million per acre and £157.00 per sq ft

Purchase Price

£32,000,000

Last Updated

20/10/2021

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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Avison Young

Avison Young

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