56 - 62 Bridge Place Worksop Nottinghamshire S80 1JN

56 - 62 Bridge Place
Worksop
Nottinghamshire
S80 1JN

Freehold Retail Investment

  • Let to B&M Retail Limited until 2024 (no breaks)
  • Frontage onto both the prime pedestrianised Bridge Place and the Priory Shopping Centre
  • Nearby Occupiers include Peacocks, Wilko, Iceland, WH Smith and Greggs
  • Asset Management Opportunity with 9,471 sq ft offered with vacant possession
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    22
  • Auction
    7th July 2016
  • Rent
    £150,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,651,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of CBRE Receivers
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to B&M Retail Limited until 2024 (no breaks)
  • Frontage onto both the prime pedestrianised Bridge Place and the Priory Shopping Centre
  • Nearby Occupiers include Peacocks, Wilko, Iceland, WH Smith and Greggs
  • Asset Management Opportunity with 9,471 sq ft offered with vacant possession
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 22
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £1,651,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of CBRE Receivers

Property Information

Location
Miles
17 miles south of Doncaster, 18 miles south east of Sheffield, 27 miles north of Nottingham
Roads
A57, A60, A1
Rail
Worksop Rail
Air
Robin Hood Doncaster Sheffield Airport & Nottingham Airport
Situation

Worksop is one of the largest towns in north Nottinghamshire and acts as a popular commuter town to cities including Sheffield, Doncaster and Nottingham. The property is located in the heart of the town centre and forms part of both the prime pedestrianised thoroughfare of Bridge Street as well as the busy Prior Shopping Centre. The Priory Shopping Centre houses national retailers including Peacocks, Wilko, Iceland, WH SMith and Greggs. Other nearby occupiers include Thomas Cook, Burton, Shoe Zone and M & Co.

Tenure

Freehold.

Location
Miles
17 miles south of Doncaster, 18 miles south east of Sheffield, 27 miles north of Nottingham
Roads
A57, A60, A1
Rail
Worksop Rail
Air
Robin Hood Doncaster Sheffield Airport & Nottingham Airport
Situation

Worksop is one of the largest towns in north Nottinghamshire and acts as a popular commuter town to cities including Sheffield, Doncaster and Nottingham. The property is located in the heart of the town centre and forms part of both the prime pedestrianised thoroughfare of Bridge Street as well as the busy Prior Shopping Centre. The Priory Shopping Centre houses national retailers including Peacocks, Wilko, Iceland, WH SMith and Greggs. Other nearby occupiers include Thomas Cook, Burton, Shoe Zone and M & Co.

Tenure

Freehold.

Description

The property comprises a dual fronted retail unit at ground floor with ancillary accommodation at second and third floors and a plant room on fourth. The first floor is a former nightclub and benefits from separate access.

VAT

VAT is applicable to this lot.

Note

NB: With regard to VAT, please refer to special conditions. This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a dual fronted retail unit at ground floor with ancillary accommodation at second and third floors and a plant room on fourth. The first floor is a former nightclub and benefits from separate access.

VAT

VAT is applicable to this lot.

Note

NB: With regard to VAT, please refer to special conditions. This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

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/ (Reversion)
Ground
Second
Third
Fourth
Retail/Ancillary
Ancillary
Ancillary
Plant
1,161.50 sq m
905.0 sq m
698.0 sq m
157.9 sq m
(12,502 sq ft)
(9,741 sq ft)
(7,513 sq ft)
(1,700 sq ft)
B & M RETAIL
LIMITED (1)
15 years from 18/08/2009 on
a full insuring and repairing
lease (2)
£150,000 18/08/2019
(17/08/2024)
First Former Nightclub
905.0 sq m
(9,741 sq ft)
VACANT
POSSESSION
   
Total  
3,827.4 sq m
(41,197 sq ft)
    £150,000

(1) For the year ending 28th March 2015, B & M Retail Limited reported a turnover of £1,526,181,000, pre-tax profits of £151,063,000 and a total net worth of £333,599,000. (Source: Experian Group 19/04/2016).
(2) The lease is subject to a schedule of condition

Property Documents

  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    15.06.16
    File Size
    81 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

Seller's Solicitors
Trowers & Hamlins The Senate, Southernhay Gardens
Exeter
EX1 1UG
Ben Neary 0)1392 221950bneary@trowers.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now