11 All Saints Square Rotherham South Yorkshire S60 1PW

11 All Saints Square
Rotherham
South Yorkshire
S60 1PW

High Yielding Supermarket Investment

Let to Foodplus Ltd - a Polish supermarket franchisee
5-year lease renewal expiring March 2027 (No breaks)
Tenant in occupation since 2017
Approximately 5,752 sq ft
Prominent pedestrianised town centre location
Nearby occupiers include Tesco Extra, B&M, Home Bargains, McDonald's, Greggs, Subway and a JD Wetherspoon

Lot
43
Auction
9th July 2024
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£250,000
Auction Venue
Live Streamed Auction

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High Yielding Supermarket Investment

Let to Foodplus Ltd - a Polish supermarket franchisee
5-year lease renewal expiring March 2027 (No breaks)
Tenant in occupation since 2017
Approximately 5,752 sq ft
Prominent pedestrianised town centre location
Nearby occupiers include Tesco Extra, B&M, Home Bargains, McDonald's, Greggs, Subway and a JD Wetherspoon

Lot 43
Auction 9th July 2024
Rent £30,000 per Annum Exclusive
Status Sold
Price £250,000
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles north-east of Sheffield, 27 miles south of Leeds
Roads: A630, A692, M1 (Junction 34)
Rail: Rotherham Central Railway Station
Air: Leeds Bradford Airport

Situation

The property is prominently situated in the heart of the town centre, on the north side of the pedestrianised All Saints Square. Nearby occupiers include Tesco Extra, B&M, Home Bargains, McDonald's, Greggs, Subway and a JD Wetherspoon.

Tenure

Long Leasehold. Majority held Long Leasehold for a term of 999 years from 21/03/1921 from Rotherham Metropolitan Borough Council at a ground rent of £30 p.a. A large part of the property to the rear is held Freehold - please see legal pack.

Location

Miles: 8 miles north-east of Sheffield, 27 miles south of Leeds
Roads: A630, A692, M1 (Junction 34)
Rail: Rotherham Central Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Description

The property comprises a supermarket arranged on the ground, basement and mezzanine floors.

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

Six Week Completion

EPC

Band C

Description

The property comprises a supermarket arranged on the ground, basement and mezzanine floors.

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

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.
Ground Basement Mezzanine	Supermarket/Ancillary Ancillary Office/Ancillary	347.30 168.70 18.50	(3,738) (1,815) (199)	FOODPLUS LTD (2)	5 years from 02/03/2022 on a full repairing and insuring lease	£30,000
Total		534.50	(5,752)			£30,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Foodplus Ltd is a Polish supermarket franchise that trade from other locations in the UK including Manchester, Leeds, Sheffield, Doncaster, Wigan, and also operate stores in Wales, Scotland, Germany and the Netherlands (www.foodplus.eu).

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.