Let to a Charity - Performing Arts Club St Johns C.I.C. (t/a Connexions Community Hub)
Recently renewed 8 year lease from May 2022 (subject to option)
Recently rebranded shop fascia
VAT free investment
Close to Marshall's Yard Shopping Centre where retailers include M&S Simply Food, Poundland, Superdrug, Greggs and Next
Historic Market Town
Lot 47
Auction 13th July 2023
Rent £9,800 per Annum Exclusive
Status Sold
Price £90,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
19 miles north of Lincoln, 39 miles east of Sheffield
Rail
Gainsborough Central Rail Station
Air
Leeds Bradford International Airport
Situation
The property is situated in the heart of the town centre, close to Marshall's Yard Shopping Centre, where retailers include M&S Simply Food, Poundland, Superdrug, Greggs and Next. Other nearby retailers include B&M, Boots the Chemist and Domino's.
Tenure
Freehold.
Location
Miles
19 miles north of Lincoln, 39 miles east of Sheffield
Rail
Gainsborough Central Rail Station
Air
Leeds Bradford International Airport
Situation
The property is situated in the heart of the town centre, close to Marshall's Yard Shopping Centre, where retailers include M&S Simply Food, Poundland, Superdrug, Greggs and Next. Other nearby retailers include B&M, Boots the Chemist and Domino's.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and first floors. The property benefits from separate access to the first floor, accessed from the front.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a shop arranged on the ground and first floors. The property benefits from separate access to the first floor, accessed from the front.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Retail/Ancillary Ancillary
81.50 76.70
(877) (826)
PERFORMING ARTS CLUB ST JOHNS C.I.C. (t/a Connexions Community Hub) (2)
8 years from 27/05/2022 (3) on a full repairing and insuring lease
£9,800
27/05/2025 and 27/05/2028
Total
158.20
(1,703)
£9,800
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Connexions Community Hub offers an inclusive, safe space for parents, guardians or home childcare providers to talk with others openly about anything parent/child related. The charity also offers a personalised development youth programme tailored around their skills, interests and hopes for the future (www.connexionscommunityhub.co.uk) (3) The lease is subject to a tenant only option to determine on 27/05/2026
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.
