47 / 48 Market Place Doncaster South Yorkshire DN1 1NJ

47 / 48 Market Place
Doncaster
South Yorkshire
DN1 1NJ

Freehold Retail Investment

Let to Boots UK Limited until 2023 (subject to option)
Fixed 1.5% annual rental increases (3)
Boots have been in occupation for over 70 years
Prominent position on busy pedestrianised pitch directly opposite the renowned Doncaster Market
Nearby occupiers include Primark, Halifax, Poundworld and Ladbrokes

Lot
15
Auction
14th February 2018
Rent
£84,948 per Annum Exclusive
Status
Sold
Price
£826,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

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Freehold Retail Investment

Let to Boots UK Limited until 2023 (subject to option)
Fixed 1.5% annual rental increases (3)
Boots have been in occupation for over 70 years
Prominent position on busy pedestrianised pitch directly opposite the renowned Doncaster Market
Nearby occupiers include Primark, Halifax, Poundworld and Ladbrokes

Lot 15
Auction 14th February 2018
Rent £84,948 per Annum Exclusive
Status Sold
Price £826,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

Property Information

Location

Miles: 21 miles north-east of Sheffield, 33 miles south of Leeds, 40 miles east of Manchester
Roads: A1(M), M18
Rail: Doncaster Rail
Air: Leeds Bradford International Airport,,Humberside Airport

Situation

Doncaster is a popular South Yorkshire commercial centre and benefits from excellent road communications via the A1(M) and M18 motorways. The property ocupies a prominent position on the pedestrianised Market Place in the heart of Doncaster town centre. Doncaster Market is located opposite the property, which hosts its famous markets five times a week. Other nearby occupiers include Primark, Halifax, Poundworld and Ladbrokes. More than £3 million of Sheffield City Region SCRIF funding has been secured to revamp the award winning market place. The aim is to transform the market area into a vibrant and bustling location all week long and into the evenings – further details can be found at www.doncaster.gove.uk/services/planning/marketdevelopment.

Tenure

Freehold.

Location

Miles: 21 miles north-east of Sheffield, 33 miles south of Leeds, 40 miles east of Manchester
Roads: A1(M), M18
Rail: Doncaster Rail
Air: Leeds Bradford International Airport,,Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted ground floor retail unit with ancillary accommodation on basement and first floors. The second floor is currently inaccessible.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a double fronted ground floor retail unit with ancillary accommodation on basement and first floors. The second floor is currently inaccessible.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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 Second	Retail Ancillary Ancillary -	300.26 sq m 40.69 sq m 263.00 sq m Not measured	(3,232 sq ft) (438 sq ft) (2,831 sq ft)	BOOTS UK LIMITED (1)	10 years from 29/03/2013 (2) on a full repairing and insuring lease	£84,948.39 (3)	31/03/2023
Total		603.95 sq m	(6,501 sq ft)			£84,948.39 (3)

(1) For the year ending 31 August 2016, Boots UK Limited reported a turnover of £6,876,000,000, pre-tax profits of £523,000,000 and a total net worth of £1,204,000,000 (Source: Experian Group 17/01/2018). Boots have been in occupation for more than 70 years. Boots is the UK’s leading pharmacy-led health and beauty retailer. With around 2,500 stores in the UK, ranging from local community pharmacies to large destination health and beauty stores. Boots UK is part of the Retail Pharmacy International Division of Walgreens Boots Alliance, Inc, the first global pharmacy-led health and wellbeing enterprise (Source: www.boots-uk.com 17/01/2018).
(2) The lease provides a tenant only option to determine on 31/03/2020.
(3) The lease provides for annual fixed rental increases of 1.5%, the rent will therefore increase to £84,948.39 p.a.x on 01/04/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £84,948.39 p.a.x. from completion of the sale.