Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles south east of Sheffield, 27 miles north of Nottingham
Roads
A57, A60, A1
Rail
Worksop Railway Station
Air
Doncaster Sheffield Airport, East Midlands Airport
Situation
The property is situated in the town centre, at the junction of Newcastle Avenue and Hardy Street. Hardy Street is 30 metres to the east of Bridge Street, the main retailing thoroughfare in Worksop. Occupiers close by include Barclays, HSBC, Boots, Sainsbury’s, Kwik Fit and Greggs amongst other retailers.
Tenure
Freehold.
Location
Miles
18 miles south east of Sheffield, 27 miles north of Nottingham
Roads
A57, A60, A1
Rail
Worksop Railway Station
Air
Doncaster Sheffield Airport, East Midlands Airport
Situation
The property is situated in the town centre, at the junction of Newcastle Avenue and Hardy Street. Hardy Street is 30 metres to the east of Bridge Street, the main retailing thoroughfare in Worksop. Occupiers close by include Barclays, HSBC, Boots, Sainsbury’s, Kwik Fit and Greggs amongst other retailers.
Tenure
Freehold.
Description
The property is arranged over ground and two upper floors to provide a three storey office. The property benefits from a lift and on-site car parking for 18 cars. The first floor benefits from a separate self-contained entrance from Hardy Street.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Bassetlaw District Council - www.bassetlaw.gov.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is arranged over ground and two upper floors to provide a three storey office. The property benefits from a lift and on-site car parking for 18 cars. The first floor benefits from a separate self-contained entrance from Hardy Street.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Bassetlaw District Council - www.bassetlaw.gov.uk
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
Office
518.80 sq m
(5,581 sq ft)
CHANGE, GROW, LIVE (1)
8 years from 27th August 2014 on a full repairing and insuring lease subject to a schedule of condition (2)
£45,000
2018/(2022) (2)
First
Office
505.50 sq m
(5,441 sq ft)
VACANT
Second
Office
530.50 sq m
(5,711 sq ft)
THE DERBYSHIRE, LEICESTERSHIRE, NOTTINGHAMSHIRE AND RUTLAND COMMUNITY REHABILITATION COMPANY LIMITED (3)
Term of years from 8th July 2016 expiring on 1st April 2025 on a full repairing and insuring lease, subject to a capped service charge (4)
£40,000
2019, 2022 (2025) (4)
Totals
1,554.50 sq m
(16,733 sq ft)
£85,000
(1) For the year ended 31st March 2017 Change, Grow, Live reported no turnover, a pre-tax profit of £3.2m and a net worth of £23.8m (Source: Experian 7th October 2017). Change, Grow, Live is a charity that provides help and support to adults, children, young people and families (Source: www.changegrowlive.org). (2) Tenants option to break 27th August 2018, upon not less than 6 months’ notice. Furthermore, the tenant can break the lease at anytime upon not less than 6 months’ notice, if its funding is withdrawn. (3) “…is part of the Criminal Justice System, working with the police, courts, local authorities, prisons and the national probation service…employs almost 870 staff…” (Source: www.dlnrcrc.co.uk) (4) Tenants option to break 1st April 2019 and 1st April 2022, upon not less than 6 months’ notice.
