42/52 Printing Office Street Doncaster South Yorkshire DN1 1TR

  • 42/52 Printing Office Street<br>Doncaster<br>South Yorkshire<br>DN1 1TR

42/52 Printing Office Street
Doncaster
South Yorkshire
DN1 1TR

Freehold Town Centre Retail Parade

  • Entirely let to individual for further 42 years (without break)
  • Comprises large coffee shop and three shops (entirely sublet)
  • Full rent being paid during lockdown with no arrears
  • VAT-free long-let investment
  • In the same ownership for almost 25 years
  • Lot
    24
  • Auction
    25th March 2021
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £540,000
  • Auction Venue
    Live Streamed Auction
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Freehold Town Centre Retail Parade

  • Entirely let to individual for further 42 years (without break)
  • Comprises large coffee shop and three shops (entirely sublet)
  • Full rent being paid during lockdown with no arrears
  • VAT-free long-let investment
  • In the same ownership for almost 25 years
  • Lot 24
  • Auction 25th March 2021
  • Rent £50,000 per Annum Exclusive
  • Status Sold
  • Price £540,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
18 miles north-east of Sheffield
28 miles south-east of Leeds
Roads
A1(M), M18, M180
Rail
Doncaster
Air
Leeds/Bradford Airport
Situation

Doncaster is a large market town approximately 18 miles north-east of Sheffield and 28 miles south-east of Leeds. The town benefits from excellent road connections being 2 miles from J36 of the A1(M). The property is situated in a prominent town centre location on the south side of Printing Office Street, a short walk to Frenchgate Shopping Centre with retailers including Sainsbury's, Poundland, WHSmith and Holland & Barrett. The property is opposite Priory Walk with other nearby retailers including J. D. Wetherspoon and various independent retailers, cafes and restaurants.

Tenure

Freehold.

Location
Miles
18 miles north-east of Sheffield
28 miles south-east of Leeds
Roads
A1(M), M18, M180
Rail
Doncaster
Air
Leeds/Bradford Airport
Situation

Doncaster is a large market town approximately 18 miles north-east of Sheffield and 28 miles south-east of Leeds. The town benefits from excellent road connections being 2 miles from J36 of the A1(M). The property is situated in a prominent town centre location on the south side of Printing Office Street, a short walk to Frenchgate Shopping Centre with retailers including Sainsbury's, Poundland, WHSmith and Holland & Barrett. The property is opposite Priory Walk with other nearby retailers including J. D. Wetherspoon and various independent retailers, cafes and restaurants.

Tenure

Freehold.

Description

The property comprises a two storey building arranged as a large coffee shop and three shop units, each arranged on the ground and first floors. The accommodation above the three shops is separately accessed via two staircases from the main frontage. The entire property has been sublet to four independent traders.

VAT

VAT is not applicable to this lot.

Note

The entire property is let to A. Georgiou for a term of 99 years from 29/09/1964 (approximately 42 years unexpired) at a current rent of £50,000 per annum. The rent is subject to an upward only rent review on 29/09/2027 and 29/09/2048 to 75% of open market rental value and the lease contains full repairing and insuring covenants. The entire property has been sublet to four independent retailers.

Completion Period

Six Week Completion Available

EPC

See legal pack at www.acuitus.co.uk.

Description

The property comprises a two storey building arranged as a large coffee shop and three shop units, each arranged on the ground and first floors. The accommodation above the three shops is separately accessed via two staircases from the main frontage. The entire property has been sublet to four independent traders.

VAT

VAT is not applicable to this lot.

Note

The entire property is let to A. Georgiou for a term of 99 years from 29/09/1964 (approximately 42 years unexpired) at a current rent of £50,000 per annum. The rent is subject to an upward only rent review on 29/09/2027 and 29/09/2048 to 75% of open market rental value and the lease contains full repairing and insuring covenants. The entire property has been sublet to four independent retailers.

Completion Period

Six Week Completion Available

EPC

See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

  Floor Use Floor Areas (Approx) Tenant
42 Ground
First		 Retail/Ancillary
Ancillary
46.90 sq m
28.90 sq m
(505 sq ft)
(311 sq ft)
 Nails 4 U (sublet)
44 Ground Retail/Ancillary
50.84 sq m
(547 sq ft)
 Jackson’s Herbalists (sublet)
46 Ground
First		 Retail/Ancillary
Ancillary
28.00 sq m
55.80 sq m
(301 sq ft)
(601 sq ft)
 Little Devils Kidswear (sublet)
48-52 Ground
First		 Retail/Ancillary
Ancillary
168.36 sq m
72.20 sq m
(1,812 sq ft)
(777 sq ft)
 The Glass Strawberry Cafe (sublet)
Total
451.00 sq m
 (4,854 sq ft)  

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Collyer Bristow LLP 140 Brompton Rd, Knightsbridge
London
SW3 1HY
Jonathan Wood +44 20 7468 7298jonathan.wood@collyerbristow.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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