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.
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)