Entirely let to Heron Foods Limited – a part of B&M Bargains
Town centre location opposite Market Hall
Close to Aldi, Superdrug and William Hill
Approximately 5,085 sq ft
Well configured property with customer car parking to the rear
Lot 24
Auction 19th October 2017
Rent £30,000 per Annum Exclusive
Status Sold
Price £387,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles south of Doncaster
14 miles east of Sheffield
Roads
A57, M1 (Junction 31)
Air
Doncaster Sheffield Airport
Situation
Dinnington is a town within the Metropolitan Borough of Rotherham, close to the county border with Nottinghamshire. The property is situated on the eastern side of Laughton Road, close to its junction with Leopold Street, in the heart of the town centre. Other retailers represented in the town include Aldi, Superdrug and Poundstretcher, along with a number of independent retailers.
Tenure
Freehold.
Location
Miles
10 miles south of Doncaster
14 miles east of Sheffield
Roads
A57, M1 (Junction 31)
Air
Doncaster Sheffield Airport
Situation
Dinnington is a town within the Metropolitan Borough of Rotherham, close to the county border with Nottinghamshire. The property is situated on the eastern side of Laughton Road, close to its junction with Leopold Street, in the heart of the town centre. Other retailers represented in the town include Aldi, Superdrug and Poundstretcher, along with a number of independent retailers.
Tenure
Freehold.
Description
The property comprises a large ground floor shop which benefits from customer parking to the rear. The town’s Post Office occupies part of the property.
VAT
VAT is applicable to this lot.
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 large ground floor shop which benefits from customer parking to the rear. The town’s Post Office occupies part of the property.
VAT
VAT is applicable to this lot.
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
Ground
Retail/Ancillary
472.41 sq m
(5,085 sq ft)
HERON FOODS LIMITED (1)
10 years from 04/01/2011 on a full repairing and insuring lease
£30,000
Total
472.41 sq m
(5,085 sq ft)
£30,000
(1) For the year ending 31st December 2015, Heron Foods Limited reported a turnover of £252,520,329, pre-tax profits of £1,854,186 and a total net worth of £30,228,203 (Source: Experian Group 07/09/2017). Heron currently trade from about 250 stores in the North and Midlands. In August 2017, Heron Foods were bought by B&M Bargains, and aim to open 10-20 new Heron Foods stores per year (Source: www.heronfoods.com, 14/09/2017).
