Entirely let to National Co-Operative Chemists Limited (t/a Co-Operative Pharmacy) until 2020 (subject to option)
200 metres from proposed £42 million Fox Valley mixed use development
Nearby occupiers include Ladbrokes, HSBC, The Local Off Licence and Original Factory Shop
Six Week Completion
Lot 33
Auction 13th February 2014
Rent £7,750 per Annum Exclusive
Status Sold
Price £80,000
Sector Medical Centre/Doctors, Healthcare
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Administrators
Property Information
Location
Miles
10 miles north of Sheffield, 22 miles west of Doncaster, 30 miles east of Manchester
Roads
A616, A629, M1 (Jct 36)
Rail
Penistone Rail
Air
Sheffield City Airport, Robin Hood Doncaster Airport
Situation
The property is situated on the southern side of Manchester Road (B6088) within Stocksbridge town centre. Nearby occupiers include Ladbrokes, HSBC, Co-Op Supermarket, The Local Off Licence and The Original Factory Shop.
The property lies approximately 200 metres from the £42 million Fox Valley mixed use development which will provide a 63,000 sq ft Tesco, retail units, café and restaurant units, office space and 635 customer car parking spaces. Further information is available at www.dransfield.co.uk
Tenure
Freehold.
Location
Miles
10 miles north of Sheffield, 22 miles west of Doncaster, 30 miles east of Manchester
Roads
A616, A629, M1 (Jct 36)
Rail
Penistone Rail
Air
Sheffield City Airport, Robin Hood Doncaster Airport
Situation
The property is situated on the southern side of Manchester Road (B6088) within Stocksbridge town centre. Nearby occupiers include Ladbrokes, HSBC, Co-Op Supermarket, The Local Off Licence and The Original Factory Shop.
The property lies approximately 200 metres from the £42 million Fox Valley mixed use development which will provide a 63,000 sq ft Tesco, retail units, café and restaurant units, office space and 635 customer car parking spaces. Further information is available at www.dransfield.co.uk
Tenure
Freehold.
Description
The property comprises a ground floor retail unit.
Note
This property is being marketed for sale on behalf of the Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit.
Note
This property is being marketed for sale on behalf of the Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
80.20 sq m
(863 sq ft)
NATIONAL CO-OPERATIVE CHEMISTS LIMITED (t/a Co-Operative Pharmacy) (1)
15 years from 11/07/2005 until 11/07/2020 on a full repairing and insuring lease (2)
£7,750
17/10/2014
Totals
80.20 sq m
(863 sq ft)
£7,750
(1) Co-Operative Pharmacy is the third largest pharmacy chain in the UK, and the largest one in Wales, operating through 774 branches (Source: www.co-operativepharmacy.co.uk 13/01/2014) (2)The lease provides a tenant option to determine on the tenth anniversary of the lease. A 2010 tenant option to determine was not exercised.
