6 - 12 Market Street Bolsover S44 6PH

6 - 12 Market Street
Bolsover
S44 6PH

Freehold Retail Investment

  • Majority let to The Original Factory Shop until 2025
  • Freehold of three retail units
  • Site area of approximately 0.35 hectares (0.86 acres)
  • Nearby occupiers include TSB Bank and Co-operative Food
  • Lot
    47
  • Auction
    7th December 2017
  • Rent
    £97,528 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Majority let to The Original Factory Shop until 2025
  • Freehold of three retail units
  • Site area of approximately 0.35 hectares (0.86 acres)
  • Nearby occupiers include TSB Bank and Co-operative Food
  • Lot 47
  • Auction 7th December 2017
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
6 miles east of Chesterfield, 13 miles south-east of Sheffield, 20 miles north of Nottingham
Roads
A632, M1 (Junction 29A)
Rail
Chesterfield Railway Station, Shirebrook Railway Station
Air
East Midland Airport, Robin Hood Airport
Situation

The property is prominently situated in the centre of Bolsover on the north side of Town End Road, opposite the junction with Market Place, the town's prime retail thoroughfare. Nearby occupiers include TSB Bank, Co-operative Food and a number of independent retailer

Tenure

Freehold.

Location
Miles
6 miles east of Chesterfield, 13 miles south-east of Sheffield, 20 miles north of Nottingham
Roads
A632, M1 (Junction 29A)
Rail
Chesterfield Railway Station, Shirebrook Railway Station
Air
East Midland Airport, Robin Hood Airport
Situation

The property is prominently situated in the centre of Bolsover on the north side of Town End Road, opposite the junction with Market Place, the town's prime retail thoroughfare. Nearby occupiers include TSB Bank, Co-operative Food and a number of independent retailer

Tenure

Freehold.

Description

The property comprises three retail units. Unit 16 comprises a substantial detached and modern ground floor retail building benefitting from a rear service yard. Units 10 and 12 comprise retail accommodation on the ground floor and ancillary accommodation on the first floor.

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 three retail units. Unit 16 comprises a substantial detached and modern ground floor retail building benefitting from a rear service yard. Units 10 and 12 comprise retail accommodation on the ground floor and ancillary accommodation on the first floor.

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
16 Ground Retail
1,314.3 sq m
(14,147 sq ft)
THE FACTORY
SHOP LIMITED (1)
15 years from
19/04/2010
£69,129 18/04/2025
12 Ground
First
Retail
Ancillary
83.8 sq m
83.2 sq m
(902 sq ft)
(896 sq ft)
DONE BROTHERS
(CASH BETTING)
LIMITED (2)
10 years from
12/09/2017
£13,250 11/09/2027 (3)
10 Ground
First
Restaurant
Ancillary
84.7 sq m
87.5 sq m
(912 sq ft)
(941 sq ft)
INDIVIDUAL
t/a Bolsover Express
Takeaway
20 years from
04/08/2000
£15,149 03/08/2020
Totals  
1,653.5 sq m
(17,798 sq ft)
    £97,528  

(1) For the year ending 27th March 2016, The Factory Shop Limited reported a turnover of £184,496,000, a pre-tax profit of £6,015,000 and a total net worth of £48,706,000 (Source: Experian Group 7/11/2017).
(2) For the year ending 25th September 2016, Done Brothers (Cash Betting) Limited reported a turnover of £320,065,000, a pre-tax profit of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 9/11/2017).
(3) As to unit 12, the lease provides for a tenant option to determine the lease on 11/09/2022 subject to 6 months’ written notice.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    1 MB
    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
Weightmans Solicitors Pall Mall Court, 61-67 King Street
Manchester
M2 4PD
Steven Silver 0161 233 7473steven.silver@weightmans.com

Useful Links

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

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