27-29 New Street, Huddersfield

Property Features

• Major West Yorkshire commercial centre with extensive catchment population of 286,000.
• Prime retail location on pedestrianised New Street close to the junction with King Street.
• Re-based rents providing secure income of £51,000 pax with annual fixed increases for the next two years.
• Long retail occupier leases with WAULT to expiry of 12.58 years (10.08 years to break).
• £250m Huddersfield Town Centre active masterplan regeneration programme including a new cultural and leisure quarter.
• Offers are invited in excess of £525,000 excl VAT, giving a Net Initial Yield of 9.27% and a guaranteed Reversionary Yield of 10.00% in May 2024.
• Low Capital Value of only £53.00 psf.