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Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4

Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
Photo of Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4
For Sale

For Sale

£3,750,000
143614 Sq Ft | Ref: 104303

Investment

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For further information and viewing arrangements please contact:

Property details

  • Industrial complex comprising 4 blocks with a GIA of 143,614 sq ft across two adjoining sites either side of Howarth Lane.
  • Combined site area of 5.52 acres (2.23 hectares).
  • Wholly let to David Brown Santasalo UK Limited by way of a 25 year lease expiring September 2047.

Block 6 is of framed construction with stone and brick and elevations with frontage on to Yew Green Road. Loading is provided by 2 ground level loading doors and the unit benefits from two gantry cranes. The internal eaves height is 5.9 metres. There is an adjoining 3-storey building of framed construction underneath an asbestos sheet roof. Block 8 is of framed construction with brick elevations partly clad in both metal and asbestos sheeting with a profile metal sheet roof. Accommodation comprises three operating sections (main warehouse, upper and lower) linked internally by pedestrian access. The main building is a high bay warehouse with an internal eaves height of 10.0 metres. Access is via a single roller shutter loading door and the unit benefits from two gantry cranes with a load capacity of 60 tonnes. Block 8 Lower is currently used as storage accommodation and benefits from two gantry cranes. Loading access is via a single roller shutter to the eastern elevation. Block 8 Upper is an extension of the block and effectively comprises first floor industrial accommodation with a metal truss roof. Principal access to this section of the building is via a timber loading door with ramp access. Block 9 provides a detached block comprising a steel framed unit with brick and part-render elevations with a profile metal pitch roof. The unit has been recently refurbished and benefits from two gantry cranes of 15 and 25 tonne load capacity, and has an internal eaves height of 7.6m. This block provides two separate office blocks with a staff canteen and WC and shower facilities. Block 10 provides a detached steel frame unit with brick and part-render elevations and a profile metal pitch roof. Internally the warehouse space is configured to provide individual test rooms together with 2 storey office block, a canteen, and WCs. The unit benefits from a 6.5 tonne capacity crane and provides an internal eaves height of 6.67 metres. Loading access to the building is via 3 roller shutter doors.

Location

Huddersfield is the principal town and administrative centre of the metropolitan borough of Kirklees, West Yorkshire. The town, with a population of 141,692 (source: ONS 2021 Census), is located just east of the Pennines, approximately 2.5 miles from the M62 motorway, 9 miles south of Bradford, 21 miles
south-west of Leeds, and 30 miles north-east of Manchester.

Huddersfield benefits from convenient access to the M62 motorway via Junctions 23, 24 and 25, all within 4 miles of the town centre, whilst Junction 38 of the M1 motorway is approximately 10 miles to the east. The town's public transport links are excellent, particularly in terms of rail, with Huddersfield being on the main railway line between Leeds and Manchester-soon to be boosted further by the Transpennine Route Upgrade, currently underway.

EPC

Certificates are available upon request.

VAT

The property is not elected for VAT.

Accommodation

The property comprises a substantial industrial complex of 4 buildings
across two sites ('North' and 'South') separated by Howarth Lane. The
property provides the following Gross Internal Areas (GIA):

Site Acres Unit Sq Ft Sq M
North 2.92 Block 6 34,274 3,184
Block 8 54,737 5,085
South 2.60 Block 9 20,569 1,910
Block 10 34,034 3,161
Total 5.52 143,614 13,342

The 'North' site has a primary gated entrance off Yew Green Road and a secondary access from Howarth Lane. The 'South' site has two gated entrances from Howarth Lane.

Terms

The property is held by way of four separate titles under title numbers; WYK314068, WYK198169,
WYK540134 and WYK314067. Titles WYK314068, WYK198169, WYK540134 are all held across various 999 year long leaseholds with start dates from 1948 to 1975. Further information is available upon request.
WYK314067 is Freehold.

We are instructed to seek offers in excess of £3,750,000 (Three Million Seven Hundred & Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level provides a Net Initial Yield of 7.89% and a minimum reversion to 9.07% in September 2027 a low capital value of £26 psf.

Viewing:

For further information or should you wish to arrange a viewing, please contact the joint selling agents: Hector Nelson hector.nelson@walkersingleton.co.uk +44 7810 755 248 Ryan Barker ryan.barker@walkersingleton.co.uk +44 7753 931 355 Richard Brooke richard.brooke@knightfrank.com +44 7809 321 451 Graham Foxton graham.foxton@knightfrank.com +44 7717 546 786

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Prospect Works, Howarth Lane, Huddersfield, West Yorkshire, HD4