Ground Floor Retail unit with First floor ancillary accommodation
Residential Conversion Potential of first floor (Subject to Consents)
Prime pedestrianised town centre location
Neighbouring Occupiers include Natwest, Santander and Shoezone
Lot 36
Auction 3rd November 2022
Rent £15,000 per Annum Exclusive
Status Sold
Price £146,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 Miles North-East of Sheffield, 27 Miles South of Leeds
Roads
A692, A630, M1 (Junction 34)
Rail
Rotherham Central Railway Station
Air
Robin Hood Airport Doncaster Sheffield Airport, Leeds Bradford International Airport
Situation
The property is situated in the heart of rotherham town centre on the west side of the Pedestrianised Effingham Street close to its junction with Howard Street. Neighbouring occupiers include Shoezone, Nat west, H Samuel, Santander, and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
8 Miles North-East of Sheffield, 27 Miles South of Leeds
Roads
A692, A630, M1 (Junction 34)
Rail
Rotherham Central Railway Station
Air
Robin Hood Airport Doncaster Sheffield Airport, Leeds Bradford International Airport
Situation
The property is situated in the heart of rotherham town centre on the west side of the Pedestrianised Effingham Street close to its junction with Howard Street. Neighbouring occupiers include Shoezone, Nat west, H Samuel, Santander, and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property is a Mid terrace retail building with retail accommodation on the Ground floor and ancillary accommodation on the First floor. The property also benefits from loading via a rear service yard accessed from Bridgegate.
Conditional planning consent was granted in August 2019 by Rotherham Metropolitan Borough Council under planning reference RB2019/0875 for the Retention of ground floor and part first floor for retail use (use class A1), extension to flat roof and formation of 10 no. studio apartments (use class C3) on existing first and second floors and within the new roof extension at 17 & 19 Effingham Street. See Legal Pack.
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 is a Mid terrace retail building with retail accommodation on the Ground floor and ancillary accommodation on the First floor. The property also benefits from loading via a rear service yard accessed from Bridgegate.
Conditional planning consent was granted in August 2019 by Rotherham Metropolitan Borough Council under planning reference RB2019/0875 for the Retention of ground floor and part first floor for retail use (use class A1), extension to flat roof and formation of 10 no. studio apartments (use class C3) on existing first and second floors and within the new roof extension at 17 & 19 Effingham Street. See Legal Pack.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First
Retail Ancillary
185.70 145.40
(1,998) (1,565)
UNITED CARPETS (PROPERTY) LIMITED (08053813) (1)
2 Years from 8/03/2021 (2)
£15,000
Total Approximate Floor Area
331.10
(3,563) (3)
£15,000
(1) United Carpet (Property) Limited (CRN 08053813) was incorporated on 2nd May 2012 and for the year ending 30th September 2021 reported net current assets of £768,000 and Net assets of £224,000 (Source: annual report for year ending 30th September 2021. Companies house. (2) The lease provides for a tenant rolling option to determine the lease subject to 3 months notice in writing. (3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.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.
