5 & 9 Queensway, Victoria Arcade, Dewsbury, WF13 1DX
- Unconditional Online Auction Sale
- Guide Price* : £75,000
We are pleased to present an exceptional commercial investment property located in the vibrant area of Queensway, Dewsbury. This prime asset (namely 5 and 9 Queensway (NO 7 NOT INCLUDED IN THIS SALE) is available for sale by auction under traditional auction conditions, providing a unique opportunity for investors seeking a high-profile position in a bustling town centre
Description
*** ONLINE AUCTION UNDER COMMON AUCTION CONDITIONS *** OPEN TO
BID FOR 24 HOURS FROM THE 13th OCTOBER FROM 12.00 NOON ****
We are pleased to present an exceptional commercial investment property
located in the vibrant area of Queensway, Dewsbury. This prime asset
(namely 5 and 9 Queensway (NO 7 NOT INCLUDED IN THIS SALE) is
available for sale by auction under traditional auction conditions, providing a
unique opportunity for investors seeking a high-profile position in a bustling
town centre.
The property boasts a reputable "blue chip" tenant, ensuring a reliable income
stream through a long lease agreement. This solid rent passing makes it an
attractive proposition for those looking to enhance their investment portfolio.
The strategic location in the heart of Dewsbury guarantees excellent visibility
and foot traffic, further enhancing the potential for long-term growth.
Prospective buyers are encouraged to visit our website to register, inspect
the auction pack, and participate in the bidding process. This is a rare chance
to acquire a well-positioned commercial property with a strong tenant in
place, making it a sound investment for the discerning buyer. Don't miss out
on this opportunity to secure a valuable asset in a thriving area.
UNDER JOINT AGENCY WITH MICHEAL STEEL & CO PROPERTY
CONSULTANTS.
GENERAL INFOMATION
The premises comprise two properties of three occupied by Admiral
Amusement Arcade.
5 Queensway (numbered 1 on the displayed plan) is the mid terrace ‘within
the Arcade’ with accommodation over two floors and including glazed shop
frontage.
9 Queensway is a three storey corner unit fronting Foundry Street.
The ground floors of properties numbered 5 and 9 are ‘open’ with the central
property (number 7) which is NOT included within the Title of the subject
property.
The trade areas of the property have suspended ceilings incorporating air
conditioning cassette, electrical and spotlighting installations.
Accommodation
The accommodation is summarised as follows:-
5 Ground floor: Amusement Arcade amounts to 36.19 m2 or 390 sq ft
First Floor: Staff Room 6.14 m2 or 66 sq ft plus Staff Toilets.
Gaming Area: 22.29 m2 or 315 sq ft
Total Internal Floor Area 71.62 m2 or 771 sq ft.
9 Ground Floor: Amusement Arcade: 28.95m2 or 312 sq ft
First Floor: Basic Stores 31.18 m2 or 336 sq ft
Second Floor: Unused space 31.18 m2 or 336 sq ft
Total Internal Floor Area: 91.31 m2 984 sq ft
TITLE & TENANCY
The freehold property has Title No WYK184762
The properties are let by way of two leases dated 14 March 2022.
Generating £8,500 per annum total (being £4,250 pa for each lease).
The fifteen year leases incorporate tenant break options in March 2025 (not
exercised) and March 2030
The tenant, is RAL Ltd (with Company number 1940045) has a Creditsafe
covenant Risk Score of 99 ‘Very Low Risk’ (and best credit rating score
being 100).
EPC
The property has an EPC with Energy Rating D (85) expiring 22 December
2031.
RATEABLE VALUE
The property known as 5/9 Queensway (which is in fact 5, 7 & 9
Queensway) is assessed for Business Rates as Amusement Arcade &
Premises at RV £11,250.
AUCTION NOTES
Open to bid on the 13th November for 24 hours starting at 12.00 noon
(closing bids 12.00 noon the 14th November) through our online bidding
system available on our website. A traditional auction under common auction
conditions held online.
Buying at auction is a contractual commitment, you are legally obliged to buy
the lot on the terms of the sale memorandum at the price you bid. If you are
the successful bidder, you are required to pay the deposit and auction fees
immediately. As agent for the seller, we treat any failure to satisfy your
obligations as your repudiation of the contract and the seller may then have a
claim against you for breach of contract. You must not bid unless you wish
to be bound by the common conditions of auction.
*Please be aware there may be additional fees payable on top of the final
sale price. These include and are not limited to administration charges and
buyer's premium fees payable on exchange, and disbursements payable on
completion. Please ensure you check the property information page for a list
of any relevant additional fees as well as reading the legal pack for any
disbursements.*
BUSINESS OPENING HOURS
Opening Times:
Monday
00:00 - 24:00
Tuesday
00:00 - 24:00
Wednesday
00:00 - 24:00
Thursday
00:00 - 24:00
Friday
00:00 - 24:00
Saturday
00:00 - 24:00
Sunday
00:00 - 24:00
CONTRACT INFORMATION
We draw your attention to the Special Conditions of Sale within the Legal
Pack, referring to other charges in addition to the purchase price which may
become payable. Such costs may include Search Fees, reimbursement of
Sellers costs and Legal Fees, and Transfer Fees amongst others.
GUIDE PRICE
*GUIDE PRICE: This is an estimate of the likely range of selling price and is set
at the commencement of marketing. The guide price may change during the
marketing period.
RESERVE PRICE: This is agreed with the Auctioneer prior to the auction and
will not be disclosed to the public. The reserve price is the lowest figure at
which the property is available for sale at the auction. If the lot is not sold at
the auction then the property may be available for sale afterwards at a
higher or lower figure. See catalogue for full explanation.
HOW TO BID
OPEN FOR 24 HOUR BIDDING FROM THE 13TH NOVEMBER. VISIT OUR
WEBSITE WELL PRIOR TO THE AUCTION DATE TO REGISTER, SEE THE
LEGAL PACK AND THEN BID.
HOLDING FEE
£300 of your £5300 holding deposit fee will be used to cover banking costs
and does not contribute towards your deposit.
JOINT AGENTS
IN PARTNERSHIP WITH MICHAEL STEEL AND CO.
TELEPHONE: 0113234 8999.
WEBSITE: www.michaelsteel.co.uk
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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