4 Corporation Street Rotherham South Yorkshire S60 1NG

4 Corporation Street
Rotherham
South Yorkshire
S60 1NG

Freehold Retail Investment

Entirely let to Wilko Retail Limited (formerly Wilkinson Hardware Stores Limited)
Prominent position 100 metres from Cascades Shopping Centre
Low passing rent of £4.28 per sq ft
Nearby occupiers include Argos, New Look, Tesco and JD Sports

Lot
79
Auction
23rd October 2014
Rent
£87,500 per Annum Exclusive
Status
Sold
Price
£665,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Wilko Retail Limited (formerly Wilkinson Hardware Stores Limited)
Prominent position 100 metres from Cascades Shopping Centre
Low passing rent of £4.28 per sq ft
Nearby occupiers include Argos, New Look, Tesco and JD Sports

Lot 79
Auction 23rd October 2014
Rent £87,500 per Annum Exclusive
Status Sold
Price £665,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 8 miles north-east of Sheffield, 33 miles south of Leeds
Roads: A629, A630, M1 (Junction 34)
Rail: Rotherham Central Railway Station
Air: Robin Hood Airport Doncaster Sheffield, Leeds Bradford International Airport

Situation

The property is situated in Rotherham town centre on the western side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property has extensive frontage onto Corporation Street together with a second entrance opening into the adjacent Riverside Shopping Precinct.
The property lies adjacent to Tesco and Mecca Bingo and is less than 100 metres from Cascades Shopping Centre which houses retailers such as Superdrug, Argos and William Hill.

Tenure

Freehold.

Location

Miles: 8 miles north-east of Sheffield, 33 miles south of Leeds
Roads: A629, A630, M1 (Junction 34)
Rail: Rotherham Central Railway Station
Air: Robin Hood Airport Doncaster Sheffield, Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises a large ground floor retail unit which benefits from basement ancillary and first floor storage accommodation.

Six Week Completion.

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 large ground floor retail unit which benefits from basement ancillary and first floor storage accommodation.

Six Week Completion.

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 Basement First	Retail Ancillary Storage	1,261 sq m 308 sq m 328 sq m	(13,572 sq ft) (3,317 sq ft) (3,534 sq ft)	WILKO RETAIL LTD (1) (Company No. 00365335) (1) formerly Wilkinson Hardware Stores Limited	5 years from 25/03/2013 on a full repairing and insuring lease	£87,500	24/03/2018
Totals		1,897 sq m	(20,423 sq ft)			£87,500

(1) Founded in 1930, Wilko now has over 370 stores worldwide (Source:http://corporate.wilko.com 17/09/2014). For the year ending 1st February 2014, Wilko Retail Limited reported a turnover of £1,462,843,000, a pre-tax profit of £27,612,000 and a total net worth of £248,295,000. (Source: www.riskdisk.com 26/09/2014)