Town Centre Redevelopment/Add Value Opportunity

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private treaty

9 Ramsden St

| Huddersfield

| HD1 2SX

200,000

Summary

Town centre location
Offered with vacant possession
Repurposing potential, subject to planning permission
756.68 sq metres / 8,145 sq ft Gross Internal Area
Offers in the region of £200,000, subject to contract
Low Capital value of £264.31 per sq m / £24.55 per sq ft

Location

Huddersfield is a market town in West Yorkshire located approximately 48 km (30 miles) north east of Manchester, 45 km (28 miles) north-west of Sheffield and 32 km (20 miles) south west of Leeds.

The town benefits from good road communications and is served by the A629 which connects with Junction 24 of the M62 Motorway approximately 4.8 km (3 miles) to the north-west. Junction 39 of the M1 Motorway is approximately 19 km (12 miles) to the east, accessed via the A642.

The town is also connected to the national railway network with a fastest journey time to London Kings Cross of 2 hours 50 minutes. There are also regular services to Leeds, Sheffield and Manchester. Leeds Bradford Airport is approximately 35 km (22 miles) to the north and Manchester Airport some 56 km (35 miles) to the south-west.

Huddersfield is the birthplace of Rugby League, home to over 1,600 listed buildings and voted the third happiest place to live n the UK (kirklees.gov.uk).

Situation

The property is situated on Ramsden Street, which serves as a thoroughfare leading from High Street in the west, to the Huddersfield Library & Art Gallery and Piazza Shopping Centre immediately to the east, in the central core of Huddersfield.

Occupiers on Ramsden Street include Skipton Building Society (adjacent), Betfred and Cancer Research.

The Piazza Shopping Centre is home to occupiers include Boots, WHSmith, Card Factory, Greggs, Bodycare and Superdrug.

The town’s prime retailing pitch is centred around the Kingsgate Shopping Centre, a few minutes’ walk to the north-east. Comprising 265,000 sq ft of retail space across 50 stores with a 650 space car park, occupiers include New Look, Next, River Island, Pandora, Swarovski, TK Maxx and Waterstones. In addition, the Packhorse Shopping Centre is a two minute walk to the north. Spanning over 110,000 sq ft, occupiers include H Samuel, Card Factory, Warren James and Ann Summers.

The property is also in close proximity to the University of Huddersfield which is a couple of minutes’ walk to the east. The university is home to nearly 20,000 students and almost £156 million has been invested in campus development. Hence the property benefits from being in an area housing a very large student population.

Description

The property comprises a main building fronting onto Ramsden Street arranged over basement, ground and two upper floors along with a rear part single, part two-storey extension.

The property is currently vacant. The ground floor is a former banking hall which was most recently occupied by a charity and the upper floors comprise former office accommodation which benefit from their own separate entrance via Ramsden Street.

Accommodation

The property has been measured by BKR Floor Plans and provides the following accommodation:

Net Internal Area
Net Frontage	10.90 m	35’9”
Gross Frontage	11.35 m	37’3”

Zone A	49.52 sq m	533 sq ft
Zone B	45.71 sq m	492 sq ft
Zone C	54.16 sq m	583 sq ft
Remainder	59.36 sq m	639 sq ft
ITZA		1,005
Ground Floor Total	208.75 sq m	2,247 sq ft

Lower Ground Floor	81.84 sq m	881 sq ft
First Floor	193.79 sq m	2,086 sq ft
Second Floor	124.49 sq m	1,340 sq ft

Total	608.87 sq m	6,554 sq ft

Gross Internal Area
Lower Ground Floor	129.87 sq m	1,398 sq ft
Ground Floor	247.67 sq m	2,666 sq ft
First Floor	239.97 sq m	2,583 sq ft
Second Floor	139.17 sq m	1,498 sq ft

Total	756.68 sq m	8,145 sq ft

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £450.00 + VAT.

Rateable Value

According to the Valuation Office website the rateable value for the property is as follows:

9 Ramsden Street

£35,000

The business rate multiplier is 49.9 pence per pound.

Tenure

Long leasehold for a term of 999 years from 25th March 1870 (in excess of 846 years unexpired). The freeholder is Huddersfield Council.

Tenancy

The property is offered with the benefit of vacant possession.

Redevelopment Opportunity

The property provides the opportunity to enhance value by development and refurbishment, subject to the receipt of appropriate planning permission and freeholder’s consent.

An example of a possible residential scheme is available to download.

VAT

The property has been registered for VAT.

Proposal

We are instructed to seek offers in the region of £200,000 (Two Hundred Thousand Pounds), subject to contract.

Please note that a purchaser will be re-charged the costs of the measured survey (£450 + VAT) and searches (£703.22) which are provided in the data room.

Please note that a purchaser will be charged a Transaction Fee of 1.0% of the Purchase Price plus VAT.