Huddersfield Wickes sold to private investor
A Wickes store in Huddersfield has been sold to a private investor ahead of the asking price of £3.96m.
The purpose-built, freehold retail unit on Manchester Road has been home to Wickes since its construction in 1995, and is let to the retailer until June 2030.
The unit has a current passing rent of £326,704 per annum, reflecting an income of £11.50 per sq ft. The site’s lease was regeared in 2020 to provide a new 10-year term, with an upward only open market rent review due in June 2025.
The property benefits from a 138-space car park and is the only and dominant DIY provision on the south side of Huddersfield.
XPROP advised the vendor First Property Group, whilst Gary Scorah of Commercial Properties Limited acted for the buyer.