Let to Martin McColl Limited on a 20 year lease until 2031
2% per annum compounded fixed rental increases
Six Week Completion
Lot 9
Auction 23rd May 2013
Rent £29,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
5 miles south-west of Doncaster
15 miles north-east of Sheffield
35 miles south-east of Leeds
Roads
A630, A1(M) (Junction 36), M18 (Junction 2)
Rail
Conisbrough Railway Station, Doncaster Railway Station
Air
Leeds Bradford International Airport
Situation
Conisbrough is a popular town situated on the River Don close to Doncaster and Rotherham. The property occupies a prominent position in a neighbourhood retail parade on the east side of Windmill Avenue in a densely populated residential area.
Neighbouring occupiers include Costcutter among an eclectic mix of local traders.
Tenure
Freehold.
Location
Miles
5 miles south-west of Doncaster
15 miles north-east of Sheffield
35 miles south-east of Leeds
Roads
A630, A1(M) (Junction 36), M18 (Junction 2)
Rail
Conisbrough Railway Station, Doncaster Railway Station
Air
Leeds Bradford International Airport
Situation
Conisbrough is a popular town situated on the River Don close to Doncaster and Rotherham. The property occupies a prominent position in a neighbourhood retail parade on the east side of Windmill Avenue in a densely populated residential area.
Neighbouring occupiers include Costcutter among an eclectic mix of local traders.
Tenure
Freehold.
Description
The property comprises ground floor retail and ancillary accommodation with two self-contained residential flats on the first floor. The property benefits from a Post Office and an on-site cash machine.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail and ancillary accommodation with two self-contained residential flats on the first floor. The property benefits from a Post Office and an on-site cash machine.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Retail/Ancillary 2 x Residential Flats
173.08 sq m
(1,863 sq ft)
MARTIN MCCOLL LIMITED (1)
20 years from 10/10/2011 until 2031 on a full repairing and insuring lease (2)
£29,000
10/10/2016 and 5 yearly (fixed rental increases at 2% per annum compounded)
Total Commercial Floor Area
173.08 sq m
(1,863 sq ft)
£29,000
(1) For the year ending 27/11/2011, Martin McColl Limited reported a turnover of £380,485,000, pre-tax profits of £18,068,000 and a total net worth of £100,676,000. (Source: www.riskdisk.com 18/04/2013) (2)The lease provides for 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.
