Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the instructions of The Co-operative Estates
Property Information
Location
Miles
10 miles south of Doncaster, 15 miles east of Rotherham
Roads
A614, A1 (M), A631
Air
Robin Hood Airport Doncaster Sheffield
Situation
Harworth is a town in north Nottinghamshire some 10 miles south of Doncaster and 15 miles east of Rotherham. The property is situated on the northern side of Scrooby Road, some 2 miles south
of Junction 34 of the A1(M). Nearby occupiers include Asda, Heron Frozen Foods and Ladbrokes.
Tenure
Freehold.
Location
Miles
10 miles south of Doncaster, 15 miles east of Rotherham
Roads
A614, A1 (M), A631
Air
Robin Hood Airport Doncaster Sheffield
Situation
Harworth is a town in north Nottinghamshire some 10 miles south of Doncaster and 15 miles east of Rotherham. The property is situated on the northern side of Scrooby Road, some 2 miles south
of Junction 34 of the A1(M). Nearby occupiers include Asda, Heron Frozen Foods and Ladbrokes.
Tenure
Freehold.
Description
The property comprises a standalone ground floor retail unit with ancillary accommodation. The property benefits from approximately 67 car parking spaces.
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 standalone ground floor retail unit with ancillary accommodation. The property benefits from approximately 67 car parking spaces.
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
Retail/Ancillary
1,004 sq m
(10,810 sq ft)
THE FACTORY SHOP LIMITED (1)
10 years from 25/01/2015 until 24/01/2025 on a full repairing and insuring lease
£52,500
26/04/2017 and 25/01/2020 (2)
Totals
1,004 sq m
(10,810 sq ft)
£52,500 rising to £59,400 pa in 2020
(1) For the year ending 30th March 2014, The Factory Shop Limited reported a turnover of£162,983,000, pre-tax profits of £1,785,000 and a total net worth of £38,501,000. (Source: www.riskdisk.com 22/07/2015) (2)For the purposes of clarification, The Factory Shop Limited is currently benefitting from a rent free period. The lease provides rental increases to £52,5000 p.a. from 25th May 2016 and to £59,400 p.a. from 25th January 2020. The seller has agreed to adjust the completion monies so that the unit will effectively produce £52,500 p.a.x. from completion of the sale.
