The Range, Pellon Lane, Halifax

• Halifax is located in West Yorkshire approximately 16 miles from Leeds and 30 miles from Manchester.
• Situated in Halifax’s prime retail warehousing location with over 400,000 people within a 20 minute drive.
• Well configured store, comprising 46,478 sq ft (4,318 sq m). 
• Let to CDS (Superstore International), who are rated 86/100 and designated as ‘very low risk’, until December 2034 with circa 10 years unexpired. 
• Current rent of £418,455 per annum (£9.00 per sq ft).
• Site area of approximately 3.90 acres (1.58 ha) with 193 car parking spaces. 
• Freehold.

Our client is seeking offers in excess of £5,235,000 (five million, two hundred and thirty-five thousand) subject to contract and exclusive of VAT. A purchase at this level reflects an initial yield of 7.50%, after the deduction of purchaser’s costs of 6.6%, with a capital value of £112 psf.