28-30 College Street Rotherham Yorkshire S65 1AG

28-30 College Street
Rotherham
Yorkshire
S65 1AG

Freehold Retail Investment

Entirely let to Clinton Cards plc
Situated on one of the town's primary pedestrianised retail thoroughfares
Clinton Cards in occupation since 1986
Nearby occupiers Include Dorothy Perkins, O2, W H Smith and HSBC Bank
Six Week Completion Period Available
Rent is subject to Note 2

Lot
18
Auction
7th July 2011
Rent
£50,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On instructions from The Co-operative Estates

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Freehold Retail Investment

Entirely let to Clinton Cards plc
Situated on one of the town's primary pedestrianised retail thoroughfares
Clinton Cards in occupation since 1986
Nearby occupiers Include Dorothy Perkins, O2, W H Smith and HSBC Bank
Six Week Completion Period Available
Rent is subject to Note 2

Lot 18
Auction 7th July 2011
Rent £50,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On instructions from The Co-operative Estates

Property Information

Location

Estimated District Population: 255,000
Miles: 9 miles north-east of Sheffield, 13 miles south-west of Doncaster
Roads: M1 (Junction 33 and 34), M18 (Junction 1), A1(M)
Rail: Rotherham Central
Air: Rotherham International Airport & Sheffield City Airport

Situation

The property is prominently situated on the west side of College Street, one of Rotherham's principal pedestrianised retail thoroughfares. The property benefits from its proximity to All Saints Square where Rotherham's main retail streets converge. Nearby occupiers include Dorothy Perkins, O2, W H Smith and HSBC Bank.

Tenure

Freehold.

Location

Estimated District Population: 255,000
Miles: 9 miles north-east of Sheffield, 13 miles south-west of Doncaster
Roads: M1 (Junction 33 and 34), M18 (Junction 1), A1(M)
Rail: Rotherham Central
Air: Rotherham International Airport & Sheffield City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with storage accommodation on the first and second floors.

NB. Please note that the property adjoins Lot 25 in the catalogue

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with storage accommodation on the first and second floors.

NB. Please note that the property adjoins Lot 25 in the catalogue

VAT

VAT is applicable to this lot.

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	Retail Storage Storage	149.00 sq m 141.80 sq m 160.10 sq m	(1,604 sq ft) (1,526 sq ft) (1,723 sq ft)	CLINTON CARDS PLC (1)	5 years from 01/07/2011 on a full repairing and insuring lease	£50,000 (2)	01/07/2016
Totals		450.90 sq m	(4,853 sq ft)			£50,000(2)

(1) For the year ending 1st August 2010, Clinton Cards plc reported a turnover of £400,042,000, pre-tax profits of £11,024,000 and a total net worth of £19,163,000. (Source: www.riskdisk.com 10/06/2011)
(2) The tenant is paying a current rent of £45,000 p.a.x. which under the terms of the lease will be subject to a fixed increase on 1st July 2014 to £50,000 p.a.x. The seller has agreed to adjust the completion monies so that the property will effectively produce £50,000 p.a.x. from completion of the sale.