Entirely let to Sayers the Bakers Limited (assigned from Johnson Cleaners UK Limited)
Prime pedestrianised retailing thoroughfare RPI Fixed uplift in June 2016
Current rent £31,229.16 per annum exclusive rising to approx. £34,496 p.a. in 2016 (3)
Nearby occupiers include Santander, Coral Betting Office, H Samuel and NatWest
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 67
Auction 11th February 2016
Rent £31,229 per Annum Exclusive
Status Sold
Price £260,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford
International Airport
Situation
The property is situated in a prominent location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares. The property is located close to both the Old Town Hall Centre and the Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill. Other nearby occupiers include Santander, Coral Betting Office, H Samuel and NatWest.
Tenure
Freehold.
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford
International Airport
Situation
The property is situated in a prominent location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares. The property is located close to both the Old Town Hall Centre and the Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill. Other nearby occupiers include Santander, Coral Betting Office, H Samuel and NatWest.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation over basement and first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation over basement and first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is 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
Review
Ground First Basement
Retail Ancillary Ancillary
52.00 sq m 58.40 sq m 18.10 sq m
(560 sq ft) (629 sq ft) (195 sq ft)
SAYERS THE BAKERS LIMITED (1) (on assignment from Johnson Cleaners UK Limited) (2)
15 years from 24/06/2006 until 23/06/2021 on a full repairing and insuring lease
£31,229.16
24/06/2016 linked to RPI (3)
Totals
128.50 sq m
(1,384 sq ft)
£31,229.16
(1) Established in 1912, Sayers The Bakers is the biggest independent retail baker in the North West with over 150 shops throughout the region. (Source: www.sayersthebakers.co.uk 12/01/2015) (2) Johnson Cleaners UK Limited remain liable by way of an Authorised Guarantee Agreement. Johnsons Dry Cleaners are the UK’s leading provider of dry cleaning services for clothing and other items with a network of conveniently located stores nationwide. Johnsons Dry Cleaners are part of Johnson Service Group which has been in business for over 200 years. (Source: www.johnsoncleaners.com 12/01/2016) (3) The rent review is linked to RPI. The RPI figure increased from 235.2 in June 2011 to 259.8 in November 2015 equating to a 10.46% increase. An equivalent increase in the current rent would equate to £34,495.73 p.a.
