Aldi Supermarket (and Units 1-6 Parkside Shopping Centre) Killamarsh near Sheffield South Yorkshire S21 1FY

Aldi Supermarket (and Units 1-6 Parkside Shopping Centre)
Killamarsh
near Sheffield
South Yorkshire
S21 1FY

Freehold Supermarket Investment

Predominantly let to Aldi Stores Limited
Supermarket lease expires July 2033 (subject to option)
5 yearly RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
Approximately 1.6 acre site with excellent parking provisions

Lot
21
Auction
24th May 2018
Rent
£181,698 per Annum Exclusive
Status
Sold
Price
£3,275,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Supermarket Investment

Predominantly let to Aldi Stores Limited
Supermarket lease expires July 2033 (subject to option)
5 yearly RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
Approximately 1.6 acre site with excellent parking provisions

Lot 21
Auction 24th May 2018
Rent £181,698 per Annum Exclusive
Status Sold
Price £3,275,000
Sector
Supermarket/Convenience
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles south-east of Sheffield City Centre, 8 miles west of Worksop
Air: Doncaster Sheffield Airport

Situation

The property forms part of Parkside Shopping Centre and is situated on the western side of Stanley Street, which connects to Sheffield Road to the north. A Co-operative Food supermarket and the town’s Council offices and library are located close by.

Tenure

Freehold.

Location

Miles: 7 miles south-east of Sheffield City Centre, 8 miles west of Worksop
Air: Doncaster Sheffield Airport

Situation

Tenure

Freehold.

Description

The property comprises a large and modern purpose built supermarket arranged on the ground floor only, along with a parade of retail units and a health centre let on a long lease. The property benefits from car parking for approximately 73 cars, with a site area of approximately 1.6 acres.

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

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	Reviews
Ground	Supermarket	1,414.00 sq m	(15,220 sq ft)	ALDI STORES LIMITED (1)	20 years from 21/07/2013 until 20/07/2033 (2) on a full repairing and insuring lease	£181,698	RPI linked review on 21/01/2023 and five yearly thereafter (3)
Units 1-6 & Health Centre	Retail/Health Centre	-	(-)	SHEET ANCHOR EVOLVE LIMITED	250 years from 22/11/2013 until 21/11/2263	Peppercorn	-
Total		1,414.00 sq m	(15,220 sq ft)			£181,698

(1) For the year ending 31st December 2016, Aldi Stores Limited reported a turnover of £8,744,385,000, pre-tax profits of £214,795,000 and a total net worth of £2,321,983,000. Aldi operate from over 620 stores in the UK and Ireland (Sources: Experian Group and www.aldisuppliers.co.uk 27/04/2018).
(2) The lease provides for a tenant option to determine on 21st January 2028.
(3) The rent is reviewed to RPI capped and collared at 1% and 3% per annum and compounded five yearly.