Nearby Occupiers include Superdrug, Wilko, Ladbrokes and Greggs
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 131
Auction 13th October 2016
Rent £12,600 per Annum Exclusive
Status Sold
Price £103,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
4.5 miles south east of Barnsley Town Centre, 12.5 miles north east of Sheffield, 13 miles west of Doncaster
Roads
A633, B6096, A6195
Rail
Wombwell Rail
Air
Leeds-Bradford Airport
Situation
Wombwell is a town located 4.5 miles east of Barnsley Town Centre. The property is located on the High Street, the town's principle retailing thoroughfare. Nearby Occupiers include Superdrug, Wilko, Ladbrokes and Greggs.
Tenure
Freehold.
Location
Miles
4.5 miles south east of Barnsley Town Centre, 12.5 miles north east of Sheffield, 13 miles west of Doncaster
Roads
A633, B6096, A6195
Rail
Wombwell Rail
Air
Leeds-Bradford Airport
Situation
Wombwell is a town located 4.5 miles east of Barnsley Town Centre. The property is located on the High Street, the town's principle retailing thoroughfare. Nearby Occupiers include Superdrug, Wilko, Ladbrokes and Greggs.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with ancillary accommodation at first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with ancillary accommodation at first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Term
Tenant
Rent p.a.x
Reversion
27
Ground First
Takeaway (A5) Ancillary
25.20 sq m 15.20 sq m
(271 sq ft) (163 sq ft)
INDIVIDUAL t/a Biedronka European Mini Mart (1)
5 years from 12/06/2015
£7,500 (2)
11/06/2020
29
Ground First
Retail Ancillary
19.20 sq m 15.70 sq m
(206 sq ft) (168 sq ft)
INDIVIDUAL t/a Roots Barbers (1)
3 years from 31/03/2016 (3)
£5,100
30/03/2019
Totals
75.30 sq m
(808 sq ft)
£12,600 (2)
(1) We understand that the tenant currently uses the first floor accommodation, however this area is not included in their demise as per the lease. (2) The current rent for unit 27 is £7,250 pa with a fixed rental increase to £7,500 in 12/06/2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £7,500 p.a.x. from completion of the sale. (3) The lease provides a tenant option to determine on 30/09/2017.
