Hillsborough Exchange Shopping Centre Middlewood Road Sheffield South Yorkshire S6 4HL
Hillsborough Exchange Shopping Centre Middlewood Road Sheffield South Yorkshire S6 4HL
Substantial Shopping Centre Investment
Substantial Shopping Centre comprising 8,540.78 sq m (91,933 sq ft)
Includes the Old Blue Ball Site
Large site area of approximately 2.8 acres (1.13 ha)
Tenants include Boots, Superdrug, Wilko, Clintons, Greggs, Home Bargains, The Works, Card Factory, Heron Foods, Savers, Holland & Barrett and Specsavers
Approximately 98% of total floor area is currently let
Approximately 90% of floor area let to national tenants
Substantial Shopping Centre comprising 8,540.78 sq m (91,933 sq ft)
Includes the Old Blue Ball Site
Large site area of approximately 2.8 acres (1.13 ha)
Tenants include Boots, Superdrug, Wilko, Clintons, Greggs, Home Bargains, The Works, Card Factory, Heron Foods, Savers, Holland & Barrett and Specsavers
Approximately 98% of total floor area is currently let
Approximately 90% of floor area let to national tenants
Asset management Opportunities
Lot 14
Auction 5th May 2021
Rent £823,379 per Annum
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north-west of Sheffield
31 miles south of Leeds
Roads
A57, A61, M1 (J34)
Rail
Hillsborough Tram
Air
Doncaster Sheffield Airport
Situation
Hillsborough is a popular suburb of Sheffield, approximately 2 miles north-west of Sheffield City Centre, 31 miles south of Leeds and 36 miles south-east of Manchester. The property is located between the River Loxley and Hillsborough Park, and fronts the east side of Middlewood Road. The property benefits from two tram stops (Hillsborough and Middlewood Road) which provide access to and from Sheffield City Centre. Hillsborough Interchange is close by too which connects the area with buses from Sheffield, Rotherham and the local area.
Tenure
Freehold. Majority Freehold. The entire property is held Freehold save for 22 Hawsley Avenue, which is held Leasehold. Please see legal pack for full details.
Location
Miles
2 miles north-west of Sheffield
31 miles south of Leeds
Roads
A57, A61, M1 (J34)
Rail
Hillsborough Tram
Air
Doncaster Sheffield Airport
Situation
Hillsborough is a popular suburb of Sheffield, approximately 2 miles north-west of Sheffield City Centre, 31 miles south of Leeds and 36 miles south-east of Manchester. The property is located between the River Loxley and Hillsborough Park, and fronts the east side of Middlewood Road. The property benefits from two tram stops (Hillsborough and Middlewood Road) which provide access to and from Sheffield City Centre. Hillsborough Interchange is close by too which connects the area with buses from Sheffield, Rotherham and the local area.
Tenure
Freehold. Majority Freehold. The entire property is held Freehold save for 22 Hawsley Avenue, which is held Leasehold. Please see legal pack for full details.
Description
The Hillsborough Exchange Shopping Centre was originally built in 1988 and comprises a covered scheme with pedestrian access from Middlewood Road and Bradfield Road. The scheme is currently arranged to provide 27 units (all of which are currently let except two) and four kiosks (two of which are vacant). The majority of the retail units trade at ground floor level, with one unit trading from ground and first floor. The total retail/ancillary accommodation totals approximately 8,540.78 sq m (91,933 sq ft) on a total site area of approximately 2.8 acres (1.13 ha).
The property also benefits from a rooftop customer car park comprising over 100 spaces which is accessed from Procter Place. The property includes the Old Blue Ball Site.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents and current tenancies. Interested Parties are referred to Sheffield City Council (www.sheffield.gov.uk).
Viewings
Gross Total (including mall entertainment, vending machines, car parking and advertising etc):
Current actual and estimated gross income is £823,379 per annum.
Completion Period
Four Week Completion
EPC
Various. Please see legal pack at www.acuitus.co.uk.
Description
The Hillsborough Exchange Shopping Centre was originally built in 1988 and comprises a covered scheme with pedestrian access from Middlewood Road and Bradfield Road. The scheme is currently arranged to provide 27 units (all of which are currently let except two) and four kiosks (two of which are vacant). The majority of the retail units trade at ground floor level, with one unit trading from ground and first floor. The total retail/ancillary accommodation totals approximately 8,540.78 sq m (91,933 sq ft) on a total site area of approximately 2.8 acres (1.13 ha).
The property also benefits from a rooftop customer car park comprising over 100 spaces which is accessed from Procter Place. The property includes the Old Blue Ball Site.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents and current tenancies. Interested Parties are referred to Sheffield City Council (www.sheffield.gov.uk).
Viewings
Gross Total (including mall entertainment, vending machines, car parking and advertising etc):
Current actual and estimated gross income is £823,379 per annum.
Completion Period
Four Week Completion
EPC
Various. Please see legal pack at www.acuitus.co.uk.
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.
