Lot
050
Auction: November 2023 Online Auction 08/11/2023 - Bidding opens Tuesday 7th November 10:00 AM

2-4 Crossley Street And 31-33 Northgate, Halifax, West Yorkshire, HX1 1UG

Property Details
Location
Auction Details
Description
A town-centre and attractive commercial investment opportunity, generating an annual rental income of £62,790. The property comprises the ground floor and part-basement of the attractive Grade-II Listed Crossley House, which has been subdivided to provide four self-contained units, creating a hub of retail and leisure/restaurant activity in the heart of Halifax Town Centre.
Location
The property is excellently located within an area which has been subject to significant investment in recent years. Directly opposite, the new Halifax Bus Station concentrates footfall to the area and the new Northgate House redevelopment project has created the new Trinity Sixth Form Academy for approximately 1,000 students in addition to 40,000 sq. ft of office accommodation, which is fully let to Royal & Son Alliance, a large international insurance company. Other major occupiers in the vicinity include Premier Inn, Pure Gym, J D Wetherspoon, Nando's and VUE Cinema.
Accommodation

AddressSq mSq ft
2 Crossley Street2472,663
4 Crossley Street1671,801
31 Northgate961,028
33 Northgate93999
Total6036,491

Tenure
The property is sold on a long leasehold.
Tenancy

AddressUseTenantTrading IdentityRentLease Expiry
2 Crossley StreetRestaurantGiri 3 LtdKnead by Ricci£26,750October 2035
4 Crossley StreetRestaurantGiri 1 LtdRiccis Place£14,040October 2035
31 NorthgateProfessional ServicesMidshires Care LtdHelping Hands£12,000April 2028
33 NorthgateBarbersIndividual 
£10,000October 2024
Total


£62,790
All leases are FRI. The Ricci's trading name is well established in the town, having occupied premises on Crossley Street since 2011. Midshires Care Limited trades under the name Helping Hands and is a large, nationally operating homecare provider established in 1989 and reporting a turnover in excess of £130m and profits of £6.99m within their 2021 accounts. 

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 7TH NOVEMBER AND CLOSES ON WEDNESDAY 8TH NOVEMBER.

3. Energy Performance Certificates:
2 Crossley Street = B
4 Crossley Street = C
31 Northgate = E
33 Northgate = C

Our Nearest Office

Leeds 600x300

Leeds

Joint Agent

Contact: Jack Spencer
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