Retail Investment in Improving Pedestrianised City Centre Location
Let to G.R and M.M Blackledge plc (t/a Bodycare)
Totalling approximately 424.27 sq m (4,567 sq ft)
New Cinema/Leisure Complex and Primark Store under construction – due to open 2016/2017
Nearby occupiers include Sainsbury’s Supermarket, TJ Hughes Department Store, Debenhams, Boots the Chemist, Poundland, Iceland and Superdrug
Producing £50,000 p.a.x. (gross)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 68
Auction 23rd March 2016
Rent £50,000 per Annum Exclusive
Status Sold
Price £465,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Receivers CBRE
Property Information
Location
Miles
33 miles south of Leeds, 38 miles east of Manchester
Roads
A57, A61, A360, A361, M1 (Junction 33 & 34)
Rail
Sheffield Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Situation
The property is prominently situated in the popular University City of Sheffield, on the western side of the pedestrianised The Moor, between its junctions with Rockingham Gate and Holy Green. Nearby occupiers include Sainsbury’s Supermarket, Debenhams, Boots the Chemist, Poundland, Iceland and Superdrug. A new retail and leisure development situated just below Debenhams, is currently under construction (due to open in 2016/2017) and will
include flagship fashion retailer Primark, seven restaurants and a 9 screen cinema.
Tenure
Long Leasehold. Held for a term of 99 years expiring 24th March 2062 at a fixed ground rent of £775 per annum.
Location
Miles
33 miles south of Leeds, 38 miles east of Manchester
Roads
A57, A61, A360, A361, M1 (Junction 33 & 34)
Rail
Sheffield Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Situation
The property is prominently situated in the popular University City of Sheffield, on the western side of the pedestrianised The Moor, between its junctions with Rockingham Gate and Holy Green. Nearby occupiers include Sainsbury’s Supermarket, Debenhams, Boots the Chemist, Poundland, Iceland and Superdrug. A new retail and leisure development situated just below Debenhams, is currently under construction (due to open in 2016/2017) and will
include flagship fashion retailer Primark, seven restaurants and a 9 screen cinema.
Tenure
Long Leasehold. Held for a term of 99 years expiring 24th March 2062 at a fixed ground rent of £775 per annum.
Description
The property comprises a ground floor retail unit with ancillary accommodation at first and second floors.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers 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 with ancillary accommodation at first and second floors.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers 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
Reversion
Ground First Second
Retail/Ancillary Ancillary Ancillary
247.35 sq m 115.03 sq m 61.88 sq m
(2,663 sq ft) (1,238 sq ft) (666 sq ft)
GR AND MM BLACKLEDGE PLC (t/a Bodycare)
5 years from 24/12/2013
£50,000
23/12/2018
Totals
424.27 sq m
(4,567 sq ft)
£50,000
(1) For the year ending 31st December 2014, GR and MM Blackedge Plc reported a turnover of £132,083,249, pre-tax profits of £3,182,616 and a total net worth of £20,981,707 (Source: Experian Group 22/02/2016).
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
