Mecca Bingo Corporation Street Rotherham South Yorkshire S60 1NG

  • Mecca Bingo<br>Corporation Street<br>Rotherham<br>South Yorkshire<br>S60 1NG

Mecca Bingo
Corporation Street
Rotherham
South Yorkshire
S60 1NG

Freehold Leisure Investment

  • Entirely let to Mecca Bingo Limited
  • Tenant option to extend the lease
  • Approximately 2,395.00 sq m (25,780 sq ft)
  • Prominent town centre location 150 metres from Rotherham Central Railway Station
  • Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s
  • Future redevelopment potential (subject to consents)
  • Lot
    25
  • Auction
    4th April 2019
  • Rent
    £125,950 per Annum Exclusive
  • Status
    Sold
  • Price
    £575,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Leisure Investment

  • Entirely let to Mecca Bingo Limited
  • Tenant option to extend the lease
  • Approximately 2,395.00 sq m (25,780 sq ft)
  • Prominent town centre location 150 metres from Rotherham Central Railway Station
  • Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s
  • Future redevelopment potential (subject to consents)
  • Lot 25
  • Auction 4th April 2019
  • Rent £125,950 per Annum Exclusive
  • Status Sold
  • Price £575,000
  • Sector
    Leisure
  • 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
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Doncaster Sheffield Airport, Leeds Bradford International Airport
Situation

The property is situated in the heart of Rotherham town centre on the eastern side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property lies adjacent to Wilko and a public car park, just 150 metres from the railway station. Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s. As part of the Rotherham Town Centre Regeneration Masterplan, Forge Island, located immediately to the west of the property, will be redeveloped to provide a new vibrant leisure destination. The development will include a cinema, hotel, restaurants/bars, parking and residential opportunities. For further information please visit www.rotherham.gov.uk

Tenure

Freehold.

Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Doncaster Sheffield Airport, Leeds Bradford International Airport
Situation

The property is situated in the heart of Rotherham town centre on the eastern side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property lies adjacent to Wilko and a public car park, just 150 metres from the railway station. Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s. As part of the Rotherham Town Centre Regeneration Masterplan, Forge Island, located immediately to the west of the property, will be redeveloped to provide a new vibrant leisure destination. The development will include a cinema, hotel, restaurants/bars, parking and residential opportunities. For further information please visit www.rotherham.gov.uk

Tenure

Freehold.

Description

The property comprises a substantial detached building arranged over lower ground, ground, mezzanine and first floors and is currently used as a bingo hall.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a substantial detached building arranged over lower ground, ground, mezzanine and first floors and is currently used as a bingo hall.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reversion
Lower Ground
Ground
Mezzanine
First		 Leisure
Leisure
Ancillary
Leisure
89.20 sq m
1,183.50 sq m
235.60 sq m
886.70 sq m
(960 sq ft)
(12,739 sq ft)
(2,536 sq ft)
(9,545 sq ft)
 MECCA BINGO
LIMITED (1)		 15 years from
10/07/2006 on a full
repairing and
insuring lease (2)(3)		 £125,950 28/09/2021
Total
2,395.00 sq m
(25,780 sq ft)
     £125,950  

(1) For the year ending 30th June 2018, Mecca Bingo Limited reported a turnover of £199,432,000, pre-tax profits of £16,078,000 and a total net worth of £56,796,000 (Source: Experian Group 7/03/2019).
(2) The lease is subject to a schedule of condition.
(3) The lease provides a tenant’s option to extend the lease.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Bower & Bailey Anchor House , 269 Banbury Road, Summertown
Oxford
OX2 7JF
Andrew Symington 01865 311 133asymington@bowerandbailey.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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