27, 27a and 29 Bridge Place Worksop Nottinghamshire S80 1DT

27, 27a and 29 Bridge Place
Worksop
Nottinghamshire
S80 1DT

Unbroken High Yielding Freehold Retail Parade Investment

Two shops let to Betfred and Card Factory with one large vacant shop (approx. 7,086 sq ft)
Approximately 10,560 sq ft total
Opposite Priory Shopping Centre
Nearby occupiers include B&M, Superdrug, Iceland, JD Sports and Costa Coffee

Lot
21
Auction
16th February 2023
Rent
£62,500 per Annum Exclusive
plus one vacant shop
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Unbroken High Yielding Freehold Retail Parade Investment

Two shops let to Betfred and Card Factory with one large vacant shop (approx. 7,086 sq ft)
Approximately 10,560 sq ft total
Opposite Priory Shopping Centre
Nearby occupiers include B&M, Superdrug, Iceland, JD Sports and Costa Coffee

Lot 21
Auction 16th February 2023
Rent £62,500 per Annum Exclusive plus one vacant shop
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 18 miles south east of Sheffield, 27 miles north of Nottingham
Roads: A1, A57, A60
Rail: Worksop Train Station
Air: Doncaster Sheffield Airport

Situation

The property is located in the heart of the town centre and forms part of the prime pedestrianised thoroughfare of Bridge Street, opposite an entrance to Priory Shopping Centre. Nearby retailers include B&M, Superdrug, Iceland, JD Sports and Costa Coffee.

Tenure

Freehold.

Location

Miles: 18 miles south east of Sheffield, 27 miles north of Nottingham
Roads: A1, A57, A60
Rail: Worksop Train Station
Air: Doncaster Sheffield Airport

Situation

Tenure

Freehold.

Description

The property comprises three well configured shops each arranged on the ground and first floors. The property benefits from loading and parking to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

The property comprises three well configured shops each arranged on the ground and first floors. The property benefits from loading and parking to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
27 Bridge Place	Ground First	Retail Ancillary	76.80 71.30	(827) (767)	SPORTSWIFT LIMITED (t/a Card Factory) (2)	10 years from 29/09/2016	£30,000
27A Bridge Place	Ground First	Retail Ancillary	164.37 160.31	(1,769) (1,726)	DONE BROTHERS (CASH BETTING) LIMITED (t/a Betfred) (3)	10 years from 20/06/2018	£32,500 (4)
29 Bridge Place	Ground First	Retail Ancillary	361.02 297.30	(3,886) (3,200)	VACANT	-	-
Total			981.10	(10,560)			£62,500 plus vacant shop

(1) Areas provided by VOA (www.voa.co.uk/gov)
(2) For the year ending 31st January 2022 Sportswift Limited ( t/a Card Factory) reported a turnover of £346,359,000 and a pre-tax profit of £29,104,000. (www.northrow.com)
(3) For the year ending 26th September 2021, Done Brothers (Cash Betting) Limited (t/a Betfred) reported a turnover of £244,150,000 and a net worth of £114,809,000 (www.northrow.com)
(4) The current rent passing under the terms of the lease is £30,625 p.a. with a fixed rental increase to £32,500 p.a. on 19th June 2023. The vendor will make an allowance to top up the rent to £32,500 pa from completion of the sale until the fixed rental increase in June 2023 - please see Special Conditions of Sale.

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.