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NCP Car Park (97 spaces), Huddersfield

5 Queen St S, Huddersfield HD1 3AZ, UK

Basic Facts

Property ID: 12674 Post Updated: 2023-03-20 17:03:44
Status: Type:
Tenure: Freehold Area: 0.50 acres
Gross Rent: £ 47,125 Lease Term: 15 years from Dec '20
Lease Term Expiry Date: 15/03/35 Years left on Lease: 10.9
VAT applicable: Yes

Property Description

  • 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

Features

£500k - £1m
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

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