Mixed use

A substantial Grade II listed corner building of stone construction arranged over basement, ground and three upper floors totalling approximately 8,657 sq m (93,187 sq ft). Wilko currently utilises the basement, ground and first floor with the ground floor providing retail accommodation and the basement and first floors currently used as ancillary storage. The second and third floors are largely subdivided but are currently not utilised and there is a goods lift serving all floors. The upper floors may offer future alternative use potential, subject to obtaining the necessary consents and prospective bidders are advised to make their own enquiries in this regard. 

Externally there is a rear surface pay and display car park, which is included in the sale and the Wilko lease. In total the entire site extends to approximately 0.303 hectares (0.749 acres).

Huddersfield is market and university town lying approximately 16 miles south west of Leeds, 26 miles north west of Sheffield and 25 miles north east of Manchester and has a population of approximately 270,000. It can be accessed via the A640 and A629, both of which provide access to the M62 motorway at junctions 23 and 24 respectively about three miles to the north west of the town centre. Huddersfield railway station is within a few minutes' walk of the property providing regional rail services and regular services to Manchester, Wakefield and Leeds and the national rail network beyond. Leeds Bradford Airport lies about 19 miles to the north east providing domestic and international flight services.

New Street is one of the main pedestrianised shopping thoroughfares in the town centre running north from Queensgate. The property commands a prominent corner position on the east side of New Street at its junction with Princess Street in an established trading position. Other notable nearby occupiers include Primark, Holland & Barrett, British Heart Foundation, Betfred and Ladbrokes.

Kirklees Council has recently approved plans for a £210 million development in the heart of the town centre. This will include a ‘multi-purpose’ live entertainment venue with a 350 space car park, a food hall, dedicated museum space, community library and art gallery.

The property is currently let to Wilko Ltd for a term of 25 years from 24/05/2000 at a rent of £521,000 per annum. The tenant trades from in excess of 400 stores across the UK and for the year ending 29/01/2022 reported a turnover of £1.241 billion, a pre-tax loss of £38.71 million and a net worth of £85.58 million (source: Companies House). In January 2023 Wilko Ltd secured an additional £40 million of investment funding from Hilco. This store is not included on the list of store closures previously published by the Tenant.