19 - 21 Haymarket Sheffield South Yorkshire S1 2AW

19 - 21 Haymarket
Sheffield
South Yorkshire
S1 2AW

Freehold Retail Investment

Let to Heron Foods Ltd on a 19 year lease
Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
Major City Centre location close to Sheffield Hallam University
Guaranteed rental increases with rent reviews linked to Retail Price Index (RPI) (subject to a minimum of 1.5% and a maximum of 3.5%)
Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark
Producing £52,000 p.a.x. Subject to Note below
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
20
Auction
22nd October 2015
Rent
£52,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Heron Foods Ltd on a 19 year lease
Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
Major City Centre location close to Sheffield Hallam University
Guaranteed rental increases with rent reviews linked to Retail Price Index (RPI) (subject to a minimum of 1.5% and a maximum of 3.5%)
Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark
Producing £52,000 p.a.x. Subject to Note below
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 20
Auction 22nd October 2015
Rent £52,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 38 miles east of Manchester, 39 miles south of Leeds, 38 miles north of Nottingham
Roads: A57, A61, M1
Rail: Sheffield Rail Station
Air: Manchester Airport

Situation

The property is situated on the west side of Haymarket in Sheffield City Centre. Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark and Sheffield Hallam University is in close proximity.

Tenure

Freehold.

Location

Miles: 38 miles east of Manchester, 39 miles south of Leeds, 38 miles north of Nottingham
Roads: A57, A61, M1
Rail: Sheffield Rail Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the basement and ground floors with the upper floors let on a long lease. The property benefits from a rear service yard accessed from King Street.

Note
A very small part of the rear of the property, upon which is an electricity substation and bin store, is held from Sheffield City Council for a term of 99 years from 25th July 1959 at a current rent reserved of £30 per annum.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reviews
Ground Basement	Retail Ancillary	206.40 sq m 74.80 sq m	(2,222 sq ft) (805 sq ft)	HERON FOODS LTD (1)	19 years from 06/08/2013 until 2032 on a full repairing and insuring lease	£52,000	Rental increases linked to RPI (subject to minimum of 1.5% and a maximum of 3.5%) 5 yearly annually compounded
First, Second & Third	Ancillary (2)	Not measured		XTREME PROPERTIES (3)	150 years from 04/03/2010	Peppercorn
Total Commercial Area		281,20 sq m	(3,027 sq ft)			£52,000

(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. For the year ending 28/12/2013, Heron Foods Limited reported a turnover of £249,688,954, pre-tax profits of £2,301,042 and a total net worth of £26,419,497. (Source: www.experian.co.uk 15/09/2015)
(2) Planning permission was granted by Sheffield City Council for the “use of upper floors as 5 two bedroom flats and associated external
alterations”.
(3) As to the lease of the upper parts in favour of Xtreme Properties, the Seller has received an application to assign the lease to Naseem Hamed Enterprises Limited.