B&M Ossett, 26 Dale Street, Ossett, West Yorkshire WF5 9BT

Ossett, WF5 9BT

Sold

Price £300,000

Rent (pa) £33,500

Yield 10.81%

Investment Summary

Prominently located along Dale Street, the main road in Ossett town centre, a short distance from the town hall and market square
Open plan retail premises with dedicated parking area to the rear
Total floor area of 9,499 sq. ft on a large site of 0.42 acres
Sub-let to B&M Retail Limited
10 year sub-lease, commencing 25th February 2019, expiring 24th February 2029 (6.81 years unexpired)
The current passing rent is £45,000 per annum (£4.73 psf)
Rent to be reviewed to OMRV on the fifth anniversary of the term, capped at £50,400 per annum (£5.31psf)
Pandemic resistant income with tenant recording outstanding trading statistics in the most recent financial year
Held long leasehold for a term of 68 years and 6 months, commencing 21st September 2004, expiring 25th March 2073 (circa 51 years unexpired)
The current ground rent payable is £11,500 per annum, subject to 21 yearly OMRV reviews with the next review in March 2037

Town Ossett

Postcode WF5 9BT

Contact our team for more information or speak directly with Sam Beckett.