19-21 Haymarket Sheffield South Yorkshire S1 2AW

19-21 Haymarket
Sheffield
South Yorkshire
S1 2AW

Freehold Retail Investment

Let to Heron Foods Limited until 2032 (no breaks)
Major City Centre location close to Sheffield Hallam University
Comprises Retail Unit and residential flats let on long leases
Rent Reviews linked to the Retail Price Index (RPI) subject to a minimum of 1.5% and a maximum of 3.5% per annum compounded
Prominently positioned in one of Sheffield's main retail areas
Nearby occupiers include B&M and Subway

Lot
35
Auction
7th November 2024
Rent
£73,351 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Heron Foods Limited until 2032 (no breaks)
Major City Centre location close to Sheffield Hallam University
Comprises Retail Unit and residential flats let on long leases
Rent Reviews linked to the Retail Price Index (RPI) subject to a minimum of 1.5% and a maximum of 3.5% per annum compounded
Prominently positioned in one of Sheffield's main retail areas
Nearby occupiers include B&M and Subway

Lot 35
Auction 7th November 2024
Rent £73,351 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 Miles South-East of Manchester, 30 Miles South of Leeds
Roads: M1, A57
Rail: Sheffield Railway Station
Air: Leeds Bradford Airport

Situation

The property is situated on the west side of the busy Haymarket in Sheffield City Centre less than a mile from Sheffield Railway Station. Nearby occupiers include CO-OP Food, B&M Store and KFC with Sheffield Hallam University in close proximity.

Tenure

Freehold.

Location

Miles: 2 Miles South-East of Manchester, 30 Miles South of Leeds
Roads: M1, A57
Rail: Sheffield Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the basement and ground floors. The upper floors have been let on a long lease. The property benefits from a rear service yard accessed from King Street. There is an electricity sub station at the property. (3)

VAT

VAT is applicable to this lot.

Note

The Special Conditions of Sale provide on COMPLETION for the BUYER shall pay to the SELLER in addition to the amount payable under CONDITION G6.2, the seller’s full legal fees in the sum of £2,500 inclusive of VAT.

EPC

See Legal Pack

Description

VAT

VAT is applicable to this lot.

Note

EPC

See Legal Pack

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement	Retail Ancillary	206.40 74.80	(2,222) (805)	HERON FOODS LIMITED (CRN 01392197) (2)	19 years from 06/08/2013 until 2032	£73,351.00	06/08/2028 linked to RPI (5/8/2032) (4)
First Second Third	Accommodation	Not Measured	Not Measured	XTREME PROPERTIES (UK) LTD (CRN 06596238)	150 years from 04/03/2010	Peppercorn
Total Approximate Floor Area		281.20	(3,027) (1)			£73,315.00

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) Heron Food Limited (CRN:01392197) currently operate from 340 shops nationwide (https://heronfoods.com/about/). For the 53 weeks ending 30th March 2024 Heron Foods Limited (CRN 01392197) reported a pre tax profit of £560,585,000 and Net Assets of £98,064,000 and pre tax profits of £22,708,000. (Report and Financial Statements as published at Companies House 21/10/2024)
(3) A very small part of the rear of the property upon which is an electricity substation and a bin store is held from Sheffield City Council for a term of 99 years from 25th July 1959 at a current rent reserved of £30 per annum.
(4) The lease provides for the rent to be increased in line with the Retail Price Index (RPI) every 5 years subject to a minimum of 1.5% per annum compounded and a maximum of 3.5% per annum compounded.

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.