7 Effingham Street Rotherham South Yorkshire S65 1AJ

  • 7 Effingham Street<br>Rotherham<br>South Yorkshire<br>S65 1AJ

7 Effingham Street
Rotherham
South Yorkshire
S65 1AJ

Freehold Retail Investment

  • Entirely let to The Carphone Warehouse on a recently renewed lease
  • Prominent position on pedestrianized town centre thoroughfare
  • Close to Cascades Shopping Centre and Old Town Hall Centre
  • Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
  • Lot
    44
  • Auction
    22nd May 2014
  • Rent
    £16,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £179,000
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Administrators
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Freehold Retail Investment

  • Entirely let to The Carphone Warehouse on a recently renewed lease
  • Prominent position on pedestrianized town centre thoroughfare
  • Close to Cascades Shopping Centre and Old Town Hall Centre
  • Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
  • Lot 44
  • Auction 22nd May 2014
  • Rent £16,750 per Annum Exclusive
  • Status Sold
  • Price £179,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Administrators

Property Information

Location
Entirely let to The Carphone Warehouse on a recently renewed lease
Prominent position on pedestrianized town centre thoroughfare
Close to Cascades Shopping Centre and Old Town Hall Centre
Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
Situation

The property is situated in a prominent location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares. The property is located close to both the Old Town Hall Centre and the Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill. Other nearby occupiers include Santander, Phones 4U, H Samuel and Greggs.

Tenure

Freehold.

Location
Entirely let to The Carphone Warehouse on a recently renewed lease
Prominent position on pedestrianized town centre thoroughfare
Close to Cascades Shopping Centre and Old Town Hall Centre
Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
Situation

The property is situated in a prominent location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares. The property is located close to both the Old Town Hall Centre and the Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill. Other nearby occupiers include Santander, Phones 4U, H Samuel and Greggs.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary
accommodation on basement and first floors.

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

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 ground floor retail unit with ancillary
accommodation on basement and first floors.

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

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 Reversion
Ground
Basement
First		 Retail
Ancillary
Ancillary
42.70 sq m
24.50 sq m
26.90 sq m
(460 sq ft)
(264 sq ft)
(290 sq ft)
 THE CARPHONE WAREHOUSE LIMITED (1) 5 years from 30/10/2013 on a full repairing and insuring lease (2) (3) £16,750 29/10/2018
Totals
94.10 sq m
(1,014 sq ft)
     £16,750

(1) For the year ending 30th March 2013, The Carphone Warehouse Limited reported a turnover of £1,671,731,000, pre-tax profits of £98,895,000 and a total net worth of £864,975,000. (Source: www.riskdisk.com 25/04/2014)
(2)The lease provides a tenant option to determine on the fourth anniversary of the term.
(3)The tenant also occupied the property on a previous lease.

Contacts

Seller's Solicitors
Addleshaw Goddard LLP Sovereign House, Sovereign Street
Leeds
LS1 1HQ
Katie Guest 0113 209 2377katie.guest@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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