Sports Direct, Unit A, Phase II The Pavements, Tontine Road Chesterfield Derbyshire S40 1PA

Sports Direct, Unit A, Phase II
The Pavements, Tontine Road
Chesterfield
Derbyshire
S40 1PA

City Centre Retail Investment

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
Auction Venue
Live Streamed Auction

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City Centre Retail Investment

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

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.