86 High Street Scunthorpe North Lincolnshire DN15 6HD

86 High Street
Scunthorpe
North Lincolnshire
DN15 6HD

Freehold Retail Investment

Let to B&M Retail Ltd (with guarantee)
Prime Pedestrianised Town Centre Location
Close proximity to the Foundry Shopping Centre
Neighbouring occupiers include Primark, HSBC, New Look, Superdrug, Barclays and Poundland
Six Week Completion

Lot
37
Auction
27th March 2014
Rent
£195,000 per Annum Exclusive
Status
Sold
Price
£1,260,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

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Freehold Retail Investment

Let to B&M Retail Ltd (with guarantee)
Prime Pedestrianised Town Centre Location
Close proximity to the Foundry Shopping Centre
Neighbouring occupiers include Primark, HSBC, New Look, Superdrug, Barclays and Poundland
Six Week Completion

Lot 37
Auction 27th March 2014
Rent £195,000 per Annum Exclusive
Status Sold
Price £1,260,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

Property Information

Location

Miles: 23 miles north-east of Doncaster; 40 miles north-east of Sheffield; 46 miles south-east of Leeds
Roads: A18, A159, M181, M180 (Junction 3)
Rail: Scunthorpe Railway Station
Air: Humberside Airport, Robin Hood Airport Doncaster Sheffield

Situation

The property is prominently situated in a prime retailing position in the heart of the town centre on the north side of the pedestrianised High Street at its junction with Wells Street. The property is in close proximity to The Foundry Shopping Centre which houses retailers such as Boots, WH Smith and H & M. There is a large car park to the rear of the property providing approximately 240 car parking spaces. Neighbouring occupiers include Primark, HSBC, New Look, Superdrug, Barclays and Poundland.

Tenure

Freehold.

Location

Miles: 23 miles north-east of Doncaster; 40 miles north-east of Sheffield; 46 miles south-east of Leeds
Roads: A18, A159, M181, M180 (Junction 3)
Rail: Scunthorpe Railway Station
Air: Humberside Airport, Robin Hood Airport Doncaster Sheffield

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail and ancillary accommodation with further ancillary accommodation on the first floor. The property benefits from a return frontage to Wells Street and rear service access via Chapel Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	Reversion
Ground First	Retail Ancillary	927.63 sq m 894.18 sq m	(9,985 sq ft) (9,625 sq ft)	B&M RETAIL LIMITED (1) guaranteed by Fire Source Limited (2)	15 years from 03/02/2003 on a full repairing and insuring lease	£195,000	02/02/2018
Totals		1,821.81 sq m	(19,610 sq ft)			£195,000

(1) For the year ending 31/12/2012, B&M Retail Limited reported a turnover of £935,229,000, pre-tax profits of £88,323,000 and a total net worth of £171,867,000. (Source: www.riskdisk.com 28/02/2014)
(2)For the year ending 31/12/2012, Firesource Limited reported a turnover of £935,229,000, pre-tax profits of £83,930,000 and a total net worth of £108,424,000. (Source: www.riskdisk.com 28/02/2014)