Comprises two retail units and a former snooker hall
Totalling approximately 938.67 sq m (10,104 sq ft)
Pedestrianised town centre location opposite WH Smith and HSBC
Asset Management/Redevelopment Opportunities (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 59
Auction 30th March 2017
Rent £15,000 per Annum Exclusive
Status Sold
Price £245,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Receivers - Moorfields
Property Information
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A630, A631, M1 (Junctions 33 & 34)
Rail
Rotherham Central Railway Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford Airport
Situation
The property is situated in a prominent corner position on the west side of College Street, at its junction with High Street in the heart of Rotherham's pedestrianised town centre. Nearby
occupiers include Primark, Specsavers, B&M Bargains, O2, RBS and HSBC.
Tenure
Freehold.
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A630, A631, M1 (Junctions 33 & 34)
Rail
Rotherham Central Railway Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford Airport
Situation
The property is situated in a prominent corner position on the west side of College Street, at its junction with High Street in the heart of Rotherham's pedestrianised town centre. Nearby
occupiers include Primark, Specsavers, B&M Bargains, O2, RBS and HSBC.
Tenure
Freehold.
Description
The property comprises two ground floor retail units each with ancillary accommodation on the first floor and a self-contained former snooker hall on the second floor accessed from the High Street.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act 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 Joint Law of Property
Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 each with ancillary accommodation on the first floor and a self-contained former snooker hall on the second floor accessed from the High Street.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act 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 Joint Law of Property
Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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)
Tenant
Term
Rent p.a.x
Reversion
38/30 College Street
Ground First
Retail/Ancillary Ancillary
210.10 sq m 178.10 sq m
(2,262 sq ft) (1,917 sq ft)
ENTERTAINMENT MAGPIE LIMITED (1) t/a That’s Entertainment
1 year from 20/09/2016 (2)
£1 (if demanded)
19/09/2017
2/4 High Street
Ground First
Retail/Ancillary Ancillary
119.77 sq m 100.50 sq m
(1,289 sq ft) (1,082 sq ft)
EASTWOOD DOMESTICS LTD
2 years from 29/09/2015 (3)
£15,000
28/09/2017
2/4 High Street
Second
Former Snooker Hall/Ancillary
330.20 sq m
(3,554 sq ft)
VACANT
Total
938.67 sq m
(10,104 sq ft)
£15,000
(1) That's Entertainment is the retailing brand store presence of Music Magpie, a leading retailer in used goods including CDs, DVDs, video games and mobile phones (Source: www.musicmagpie.co.uk). (2) The lease is subject to a rolling tenant/mutual option to determine on providing 1 month’s prior written notice. (3) The lease is subject to a rolling tenant/mutual option to determine on providing 2 months’ prior written notice.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square Manchester M2 3DE
