Units A & B 63 Newcastle Avenue Worksop Nottinghamshire S80 1LX

Units A & B
63 Newcastle Avenue
Worksop
Nottinghamshire
S80 1LX

Freehold Convenience Store and Retail Investment

Let to Sainsbury’s Supermarkets Limited and Barnardo’s
Well configured shops with 21 space customer car park to the rear
2018 break option in Barnardo’s lease not exercised with no concessions offered to the tenant
Prominent location to the west of Worksop town centre

Lot
43
Auction
18th October 2018
Rent
£95,000 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 Convenience Store and Retail Investment

Let to Sainsbury’s Supermarkets Limited and Barnardo’s
Well configured shops with 21 space customer car park to the rear
2018 break option in Barnardo’s lease not exercised with no concessions offered to the tenant
Prominent location to the west of Worksop town centre

Lot 43
Auction 18th October 2018
Rent £95,000 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: 12 miles north of Mansfield, 17 miles south-east of Sheffield
Roads: A57, A60, M1 (Junction 30)
Rail: Worksop Railway Station
Air: Robin Hood Doncaster/Sheffield Airport

Situation

The property occupies a prominent corner position fronting Newcastle Avenue at its junction with Norfolk Street, immediately to the west of Worksop town centre. Newcastle Avenue is an important arterial route connecting Worskop town centre with the A57, which in turn connects to the M1. The surrounding area includes a number of independent retailers, but is predominantly residential.

Tenure

Freehold.

Location

Miles: 12 miles north of Mansfield, 17 miles south-east of Sheffield
Roads: A57, A60, M1 (Junction 30)
Rail: Worksop Railway Station
Air: Robin Hood Doncaster/Sheffield Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop and a convenience store arranged on the ground floor only. In addition, there is a car park to the rear of the property providing car parking for 21 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Description

The property comprises a shop and a convenience store arranged on the ground floor only. In addition, there is a car park to the rear of the property providing car parking for 21 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Tenancy & Accommodation

Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Retail/Ancillary	330.80 sq m	(3,561 sq ft)	SAINSBURY’S SUPERMARKETS LIMITED (1) t/a Sainsbury’s Local	15 years from 12/12/2008	£50,000	12/12/2018 (11/12/2023)
Retail/Ancillary	280.95 sq m	(3,024 sq ft)	BARNARDO’S (2)	15 years from 12/12/2008	£45,000	12/12/2018 (11/12/2023)
Total	611.75 sq m	(6,585 sq ft)			£95,000

(1) For the year ending 11th March 2017, Sainsbury’s Supermarkets Limited reported a turnover of £23,234,000,000, pre-tax profits of £342,000,000 and a total net worth of £4,353,000,000 (Source: Experian Group 08/08/2018).
(2) For the year 2016-2017, Barnardo’s reported a total income of £301.1 million (Source: www.barnardos.org.uk 08/08/2018).