Prominent Retail Unit Entirely Let to SportsDirect
Renewed Lease Expiring 2027 (No Breaks)
Busy and Popular Tow Centre Location
Close Proximity to The Pavements Shopping Centre and Vicar Lane Shopping Centre
Nearby Occupiers Include McDonald's, Tesco, Card Factory, WHSmith and Boots
Lot 31
Auction 15th December 2022
Rent £50,000 per Annum Exclusive (2)
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles south of Sheffield, 24 miles north of Derby
Roads
A61, M1 (Junctions 29 and 30)
Rail
Chesterfield Railway Station
Air
Sheffield City Airport.
Situation
The property is located in the heart of Chesterfields historic town centre. The property is situated opposite the entrance to the Pavements Shopping Arcade on Tontine Road and Chesterfield Library, Vicar Lane Shopping Centre and the Chesterfield Markets are both located close by. Nearby occupiers include McDonald's, Tesco, Card Factory, WHSmith and Boots.
Tenure
Long Leasehold. Held from Chesterfield Borough Council for a term of 125 years from 25/12/1990 at a peppercorn ground rent.
Location
Miles
11 miles south of Sheffield, 24 miles north of Derby
Roads
A61, M1 (Junctions 29 and 30)
Rail
Chesterfield Railway Station
Air
Sheffield City Airport.
Situation
The property is located in the heart of Chesterfields historic town centre. The property is situated opposite the entrance to the Pavements Shopping Arcade on Tontine Road and Chesterfield Library, Vicar Lane Shopping Centre and the Chesterfield Markets are both located close by. Nearby occupiers include McDonald's, Tesco, Card Factory, WHSmith and Boots.
Tenure
Long Leasehold. Held from Chesterfield Borough Council for a term of 125 years from 25/12/1990 at a peppercorn ground rent.
Description
The property comprises a substantial retail unit trading from the ground floor with ancillary accommodation on the first and lower ground floors.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial retail unit trading from the ground floor with ancillary accommodation on the first and lower ground floors.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
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 Lower Ground First
Retail Ancillary Ancillary
478.10 46.50 433.70
(5,146) (501) (4,668)
SPORTSDIRECT.COM RETAIL LIMITED t/a Sports Direct (1)
5 years from 01/12/2022
£50,000
Total Approximate Floor Area
958.30
(10,315)
£50,000 (2)
(1) For the year ending Sportsdirect.com Retail Limited (CRN 03406347) reported a Turnover of £2,877,067,000, a Pre-Tax Profit of £309,794,000 and a Net Worth of £1,577,942,000 (NorthRow 15/11/2022). Sports Direct is part of Frasers Group PLC, a publically traded retail group with over 715 stores across Europe. (www.frasers.group). (2) The lease provides for a 1 year rent free period from December 2022. The Seller will pay to the Buyer the rent that would have been due from completion of the sale to the end of the rent free period.
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.
