20 / 22 Cheapside Barnsley South Yorkshire S70 1RR

20 / 22 Cheapside
Barnsley
South Yorkshire
S70 1RR

Freehold Retail Investment

Let to Top Shop/Top Man Properties Limited
Guarantee from Redcastle Limited – a part of Arcadia Group Limited
Approximately 7,506 sq ft with trading accommodation on ground and first floors
Pedestrianised trading location close to Marks & Spencer, Primark, Boots the Chemist, Superdrug, New Look, Poundland and Costa
Opposite the Metropolitan Centre and close to the Alhambra Centre
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
56
Auction
23rd March 2016
Rent
£210,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Top Shop/Top Man Properties Limited
Guarantee from Redcastle Limited – a part of Arcadia Group Limited
Approximately 7,506 sq ft with trading accommodation on ground and first floors
Pedestrianised trading location close to Marks & Spencer, Primark, Boots the Chemist, Superdrug, New Look, Poundland and Costa
Opposite the Metropolitan Centre and close to the Alhambra Centre
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 56
Auction 23rd March 2016
Rent £210,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 14 miles north of Sheffield, 20 miles south of Leeds, 35 miles east of Manchester
Roads: A635, M1 (Junction 37)
Rail: Barnsley Railway Station
Air: Robin Hood Doncaster Sheffield, Leeds/Bradford Airport

Situation

The property occupies an excellent trading location on the western side of the pedestrianised Cheapside, at its junction with Queen Street in the heart of the town centre. The property faces The Metropolitan Centre, which is anchored by retailers including WH Smith and Poundland, with The Alhambra Shopping Centre close by, housing retailers including Primark, TK Maxx, Wilko and Next.
Other nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, New Look and Costa.

Tenure

Freehold.

Location

Miles: 14 miles north of Sheffield, 20 miles south of Leeds, 35 miles east of Manchester
Roads: A635, M1 (Junction 37)
Rail: Barnsley Railway Station
Air: Robin Hood Doncaster Sheffield, Leeds/Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a large, well configured double-fronted shop with Top Shop trading at ground floor and Topman trading at first floor.

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, well configured double-fronted shop with Top Shop trading at ground floor and Topman trading at first floor.

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 First	Retail/Ancillary Retail/Ancillary	368.80 sq m 328.60 sq m	(3,969 sq ft) (3,537 sq ft)	TOP SHOP/TOP MAN PROPERTIES LIMITED (1) with a guarantee from Redcastle Limited (2)	10 years from 23/05/2010 on a full repairing and insuring lease	£210,000	(22/05/2020)
Totals		697.40 sq m	(7,506 sq ft)			£210,000

(1) For the year ending 30th August 2014, Top Shop/Top Man Properties Limited reported a turnover of £106,505,000 and pre-tax profits of -£141,000. (Source: Experian Group 23/02/2016)
(2) For the year ending 30th August 2014, Redcastle Limited reported a turnover of £206,281,000, pre-tax profits of -£999,000 and a total net worth of £311,008,000. (Source: Experian Group 23/02/2016)