19 - 21 Haymarket Sheffield South Yorkshire S1 2AW

19 - 21 Haymarket
Sheffield
South Yorkshire
S1 2AW

Freehold Retail Investment

  • Let to Heron Foods Ltd on a 19 year lease
  • Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
  • Major City Centre location close to Sheffield Hallam University
  • Guaranteed rental increases with rent reviews linked to Retail Price Index (RPI) (subject to a minimum of 1.5% and a maximum of 3.5%)
  • Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark
  • Producing £52,000 p.a.x. Subject to Note below
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    20
  • Auction
    22nd October 2015
  • Rent
    £52,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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  • Map

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

Freehold Retail Investment

  • Let to Heron Foods Ltd on a 19 year lease
  • Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
  • Major City Centre location close to Sheffield Hallam University
  • Guaranteed rental increases with rent reviews linked to Retail Price Index (RPI) (subject to a minimum of 1.5% and a maximum of 3.5%)
  • Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark
  • Producing £52,000 p.a.x. Subject to Note below
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 20
  • Auction 22nd October 2015
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
38 miles east of Manchester, 39 miles south of Leeds, 38 miles north of Nottingham
Roads
A57, A61, M1
Rail
Sheffield Rail Station
Air
Manchester Airport
Situation

The property is situated on the west side of Haymarket in Sheffield City Centre. Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark and Sheffield Hallam University is in close proximity.

Tenure

Freehold.

Location
Miles
38 miles east of Manchester, 39 miles south of Leeds, 38 miles north of Nottingham
Roads
A57, A61, M1
Rail
Sheffield Rail Station
Air
Manchester Airport
Situation

The property is situated on the west side of Haymarket in Sheffield City Centre. Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark and Sheffield Hallam University is in close proximity.

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the basement and ground floors with the upper floors let on a long lease. The property benefits from a rear service yard accessed from King Street.

Note
A very small part of the rear of the property, upon which is an electricity substation and bin store, is held from Sheffield City Council for a term of 99 years from 25th July 1959 at a current rent reserved of £30 per annum.

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 retail and ancillary accommodation on the basement and ground floors with the upper floors let on a long lease. The property benefits from a rear service yard accessed from King Street.

Note
A very small part of the rear of the property, upon which is an electricity substation and bin store, is held from Sheffield City Council for a term of 99 years from 25th July 1959 at a current rent reserved of £30 per annum.

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 Reviews
Ground
Basement
Retail
Ancillary
206.40 sq m
74.80 sq m
(2,222 sq ft)
(805 sq ft)
HERON FOODS LTD (1) 19 years from 06/08/2013 until 2032 on a full repairing and insuring lease £52,000 Rental increases linked
to RPI (subject to minimum of 1.5% and a maximum of 3.5%) 5 yearly annually compounded
First, Second
& Third
Ancillary (2)
Not measured
XTREME PROPERTIES (3) 150 years from 04/03/2010 Peppercorn  
Total Commercial Area
281,20 sq m
(3,027 sq ft)
    £52,000  

(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. For the year ending 28/12/2013, Heron Foods Limited reported a turnover of £249,688,954, pre-tax profits of £2,301,042 and a total net worth of £26,419,497. (Source: www.experian.co.uk 15/09/2015)
(2) Planning permission was granted by Sheffield City Council for the “use of upper floors as 5 two bedroom flats and associated external
alterations”.
(3) As to the lease of the upper parts in favour of Xtreme Properties, the Seller has received an application to assign the lease to Naseem Hamed Enterprises Limited.

Property Documents

  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    560 KB
    View PDF
  • Site Plan
    Updated Date
    30.09.15
    File Size
    65 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Andrew Jackson Solicitors Marina Court, Castle Street
Hull
East Yorkshire
HU1 1JT
Kate Seward 01482 601 240kate.seward@andrewjackson.co.uk

Useful Links

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

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