43-45 St.Sepulchre Gate Doncaster South Yorkshire DN1 1TD

43-45 St.Sepulchre Gate
Doncaster
South Yorkshire
DN1 1TD

Freehold Retail Investment

Let entirely to Oxfam for 99 years until 2071
Sublet to Nero Holdings Limited and Greenwoods Menswear Limited at a current total rent of £110,000 p.a.x.
Important 2014 Rent Review
Situated opposite the Frenchgate Shopping Centre
Nearby occupiers include New Look, Halifax Bank, Burger King and Sainsbury’s
Six Week Completion Available

Lot
9
Auction
10th July 2012
Rent
£107,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let entirely to Oxfam for 99 years until 2071
Sublet to Nero Holdings Limited and Greenwoods Menswear Limited at a current total rent of £110,000 p.a.x.
Important 2014 Rent Review
Situated opposite the Frenchgate Shopping Centre
Nearby occupiers include New Look, Halifax Bank, Burger King and Sainsbury’s
Six Week Completion Available

Lot 9
Auction 10th July 2012
Rent £107,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 21 miles north-east of Sheffield, 33 miles south of Leeds, 40 miles east of Manchester
Roads: A1(M), M18
Rail: Doncaster Rail
Air: Leeds Bradford International Airport, Humberside Airport

Situation

Doncaster is a popular South Yorkshire commercial centre and benefits from excellent road communications via the A1(M) and M18 motorways. The property is situated in a prime position on St Sepulchre Gate, opposite the recently extended Frenchgate Shopping Centre. Nearby occupiers include New Look, Savers, Co-Operative Bank, Halifax Bank, Burger King and Sainsbury’s.

Tenure

Freehold.

Location

Miles: 21 miles north-east of Sheffield, 33 miles south of Leeds, 40 miles east of Manchester
Roads: A1(M), M18
Rail: Doncaster Rail
Air: Leeds Bradford International Airport, Humberside Airport

Situation

Tenure

Freehold.

Description

The property is an attractive period building comprising two ground floor retail
units with ancillary accommodation in the basement and part first floor. The remaining first, second and third floors are currently unused and may be suitable for residential or office redevelopment, subject to the necessary consents.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

No	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
43 45	Ground First First Second Third Basement Ground Basement	Retail Ancillary Unused Unused Unused Unused Retail Ancillary	120.4 sq m 90.2 sq m 34.2 sq m 115.7 sq m 85.9 sq m 90.6 sq m 104.6 sq m 46.6 sq m	(1,295 sq ft) (971 sq ft) (368 sq ft) (1,245 sq ft) (925 sq ft) (975 sq ft) (1,125 sq ft) (501 sq ft)	OXFAM (1) (Sub-let to NERO HOLDINGS LTD (t/a Caffè Nero) and GREENWOODS MENSWEAR LTD)	99 years from 10/03/1972 until 2071 (2)(3) on a full repairing and insuring lease	£107,500	10/03/2014 and 7 yearly thereafter
Totals			688.2 sq m	(7,405 sq ft)			£107,500

1) For the year ending 31st March 2011, Oxfam reported a working capital of £97,300,000, pre-tax profit of £15,100,000 and a total net worth of £83,400,000.
(Source: www.riskdisk.com 11/06/2012)
(2) Unit 43 has been sublet to Nero Holdings Limited (t/a Caffe Nero) for a term of 14 years from 13th June 2005 until 12th June 2019, for a rent of £50,000 per annum.
(3) Unit 45 has been sublet to Greenwoods Menswear Limited for a term of 21 years from 29th September 1993 until 28th September 2014, for a rent of £60,000 per annum.