27 / 29 College Street Rotherham South Yorkshire S65 1AG

27 / 29 College Street
Rotherham
South Yorkshire
S65 1AG

Freehold Retail Investment (with Part Vacant Upper Parts)

Majority let to Poundworld Retail Limited
Approximately 32,600 sq ft
Potential to convert self-contained vacant upper parts to residential (subject to planning and consents)
Prime trading position in pedestrianised town centre location

Lot
40
Auction
7th December 2017
Rent
£118,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment (with Part Vacant Upper Parts)

Majority let to Poundworld Retail Limited
Approximately 32,600 sq ft
Potential to convert self-contained vacant upper parts to residential (subject to planning and consents)
Prime trading position in pedestrianised town centre location

Lot 40
Auction 7th December 2017
Rent £118,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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: Doncaster Sheffield Airport, Leeds Bradford Airport

Situation

The property is situated on the eastern side of the pedestrianised College Street, close to the eastern corner of All Saints Square, within Rotherham's prime retailing area. Nearby occupiers include WHSmith, B&M Bargains, Specsavers and Greggs, along with branches of Nationwide Building Society and HSBC bank. The Cascades Shopping Centre is close by, with retailers including Superdrug, Heron Foods and Argos.

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: Doncaster Sheffield Airport, Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial and well configured ground floor shop with ancillary accommodation on the part first and part second floors. In addition, part of the first and second and the third floor are currently vacant and offer potential to convert to residential use, subject to the necessary consents.

VAT

VAT is applicable to this lot.

Completion Period

Completion - 25th January 2018

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Completion - 25th January 2018

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 Third	Retail/Ancillary Ancillary Ancillary Plant	1,300.80 sq m 1,369.40 sq m 302.40 sq m 56.10 sq m	(14,002 sq ft) (14,740 sq ft) (3,254 sq ft) (604 sq ft)	POUNDWORLD RETAIL LIMITED (1) t/a Bargain Buys	10 years from 05/08/2011	£118,000	04/08/2021
Totals		3,028.70 sq m (2)	(32,600 sq ft) (2)			£118,000

(1) Operating under the Poundworld and Bargain Buys brand names, Poundworld Retail are a leading value variety retail business, with over 350 stores and 7,000 employees across the United Kingdom. For the year ending 31st March 2016, Poundworld Retail Limited reported a turnover of £462,689,000, pre-tax profits of £-5,405,000 and a total net worth of £7,048,000 (Sources: www.poundworld.co.uk and Experian Group 09/11/2017).
(2) Parts of the first and second floors are currently vacant and not demised to Poundworld Retail Limited.