Tenant break option in February 2023 not exercised
Re-based rent (previous rent £40,000 pax)
Approximately 10,026 sq ft
Nearby occupiers include Tesco Express, JD Wetherspoon, Greggs and a number of local retailers.
Lot 25
Auction 15th December 2022
Rent £30,000 per Annum Exclusive
Status Sold
Price £275,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles south east of Barnsley Town Centre, 12 miles north east of Sheffield
Roads
A633, B6096, A6195
Rail
Wombwell Railway Station
Air
Leeds/Bradford Airport
Situation
Wombwell is a town located 4 miles east of Barnsley town centre. The property is located on High Street, the town's principle retailing thoroughfare. Nearby occupiers include Tesco Express, JD Wetherspoon, Greggs and a number of local retailers.
Tenure
Freehold.
Location
Miles
4 miles south east of Barnsley Town Centre, 12 miles north east of Sheffield
Roads
A633, B6096, A6195
Rail
Wombwell Railway Station
Air
Leeds/Bradford Airport
Situation
Wombwell is a town located 4 miles east of Barnsley town centre. The property is located on High Street, the town's principle retailing thoroughfare. Nearby occupiers include Tesco Express, JD Wetherspoon, Greggs and a number of local retailers.
Tenure
Freehold.
Description
The property comprises a large shop arranged on the ground, basement and first floors. The property benefits from loading to the rear from Snowden Terrace.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
6 week completion.
EPC
See legal pack.
Description
The property comprises a large shop arranged on the ground, basement and first floors. The property benefits from loading to the rear from Snowden Terrace.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
6 week completion.
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground Basement First
Retail/Ancillary Ancillary Ancillary
413.63 409.78 108.08
(4,452) (4,411) (1,163)
POUNDLAND LIMITED (2)
5 years from 26/02/2020 to 25/02/2025 on a full repairing & insuring lease (3)
£30,000
Total
931.49
(10,026)
£30,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) Poundland has more than 800 stores across the UK. For the year ending 31st December 2021, Poundland Limited reported a turnover of £1,544,694,000, a pre-tax profit of £33,478,000 and shareholder funds of £125,057,000 (Source: www.northrow.com; www.poundland.co.uk - 07/11/2022) (3) The lease is full repairing & insuring, subject to a schedule of condition
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.
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