Norwood House Stuart Road, Pontefract

Asking price of £350,000
For Sale

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LOCATION

The property occupies a prominent position on Stuart

Road in Pontefract town centre. It is located on a

main thoroughfare between Salter Row shopping

arcade and the Morrisons superstore.


DESCRIPTION

A 2-storey purpose-built retail property with separate

self-contained offices at first floor level.


ACCOMMODATION

Measured in accordance with the RICS Property

Measurement (incorporating International Property

Measurement Standards) 1st Edition, (IPMS: OFFICE

BUILDINGS) May 2015, the accommodation provides

the following approximate net internal areas:

 ground floor 1550 sq ft (144m²)

 first floor 1207 sq ft (112.1m²)

 total 2757 sq ft (256.1m²)


TERMS

The property is offered on a freehold basis, subject to

existing leases as follows:

 ground floor – let on 10-year lease from 2019 at

a rent of £18,000 p.a. with 3-yearly upward-only

rent reviews.

 first floor – let to Ison Harrison Ltd until April

2024 at a passing rent of £15,000 p.a.

Offers are invited at a guide price of £350,000, plus

VAT.


BUSINESS RATES

According to the Valuation Office Agency website, the

premises has current 2017 Rateable Values as

follows:

 ground floor £9,600

 first floor £12,250

Interested parties are advised to direct further

enquiries to the local authority.

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