4 Corporation Street Rotherham South Yorkshire S60 1NG

4 Corporation Street
Rotherham
South Yorkshire
S60 1NG

Freehold Retail Investment

  • Entirely let to Wilko Retail Limited (formerly Wilkinson Hardware Stores Limited)
  • Prominent position 100 metres from Cascades Shopping Centre
  • Low passing rent of £4.28 per sq ft
  • Nearby occupiers include Argos, New Look, Tesco and JD Sports
  • Lot
    79
  • Auction
    23rd October 2014
  • Rent
    £87,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £665,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to Wilko Retail Limited (formerly Wilkinson Hardware Stores Limited)
  • Prominent position 100 metres from Cascades Shopping Centre
  • Low passing rent of £4.28 per sq ft
  • Nearby occupiers include Argos, New Look, Tesco and JD Sports
  • Lot 79
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £665,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Railway Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford International Airport
Situation

The property is situated in Rotherham town centre on the western side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property has extensive frontage onto Corporation Street together with a second entrance opening into the adjacent Riverside Shopping Precinct.
The property lies adjacent to Tesco and Mecca Bingo and is less than 100 metres from Cascades Shopping Centre which houses retailers such as Superdrug, Argos and William Hill.

Tenure

Freehold.

Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Railway Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford International Airport
Situation

The property is situated in Rotherham town centre on the western side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property has extensive frontage onto Corporation Street together with a second entrance opening into the adjacent Riverside Shopping Precinct.
The property lies adjacent to Tesco and Mecca Bingo and is less than 100 metres from Cascades Shopping Centre which houses retailers such as Superdrug, Argos and William Hill.

Tenure

Freehold.

Description

The property comprises a large ground floor retail unit which benefits from basement ancillary and first floor storage accommodation.

Six Week Completion.

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 large ground floor retail unit which benefits from basement ancillary and first floor storage accommodation.

Six Week Completion.

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 Reversion
Ground
Basement
First
Retail
Ancillary
Storage
1,261 sq m
308 sq m
328 sq m
(13,572 sq ft)
(3,317 sq ft)
(3,534 sq ft)
WILKO RETAIL LTD (1)
(Company No. 00365335)
(1) formerly Wilkinson
Hardware Stores Limited
5 years from 25/03/2013 on a full repairing and insuring lease £87,500 24/03/2018
Totals  
1,897 sq m
(20,423 sq ft)
    £87,500  

(1) Founded in 1930, Wilko now has over 370 stores worldwide (Source:http://corporate.wilko.com 17/09/2014). For the year ending 1st February 2014, Wilko Retail Limited reported a turnover of £1,462,843,000, a pre-tax profit of £27,612,000 and a total net worth of £248,295,000. (Source: www.riskdisk.com 26/09/2014)

Property Documents

  • Site Plan
    Updated Date
    01.10.14
    File Size
    63 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    712 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Associate Auctioneers
Clay Street 11 St Christopher's Place
London
W1U 1NG
Chris Dickin 020 7935 2831chris.dickin@claystreet.co.uk
Seller's Solicitors
Reed Smith LLP The Broadgate Tower, 20 Primrose Street
London
EC2A 2RS
Andrew Jenkinson 02031 163 405ajenkinson@reedsmith.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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