56-62 Bridge Place Worksop Nottinghamshire S80 1JN

56-62 Bridge Place
Worksop
Nottinghamshire
S80 1JN

Freehold Retail Investment

Let to B&M Retail Limited until 2024 (no breaks)
Frontage onto both the prime pedestrianised Bridge Place and the Priory Shopping Centre
Nearby Occupiers include Peacocks, Wilko, Iceland, WH Smith and Greggs
Asset Management Opportunity with 9,471 sq ft offered with vacant possession
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
42
Auction
19th May 2016
Rent
£150,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

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Freehold Retail Investment

Let to B&M Retail Limited until 2024 (no breaks)
Frontage onto both the prime pedestrianised Bridge Place and the Priory Shopping Centre
Nearby Occupiers include Peacocks, Wilko, Iceland, WH Smith and Greggs
Asset Management Opportunity with 9,471 sq ft offered with vacant possession
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 42
Auction 19th May 2016
Rent £150,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

Property Information

Location

Miles: 17 miles south of Doncaster, 18 miles south east of Sheffield, 27 miles north of Nottingham
Roads: A57, A60, A1
Rail: Worksop Rail
Air: Robin Hood Doncaster Sheffield Airport & Nottingham Airport

Situation

Worksop is one of the largest towns in north Nottinghamshire and acts as a popular commuter town to cities including Sheffield, Doncaster and Nottingham. The property is located in the heart of the town centre and forms part of both the prime pedestrianised thoroughfare of Bridge Street as well as the busy Prior Shopping Centre. The Priory Shopping Centre houses national retailers including Peacocks, Wilko, Iceland, WH SMith and Greggs. Other nearby occupiers include Thomas Cook, Burton, Shoe Zone and M & Co.

Tenure

Freehold.

Location

Miles: 17 miles south of Doncaster, 18 miles south east of Sheffield, 27 miles north of Nottingham
Roads: A57, A60, A1
Rail: Worksop Rail
Air: Robin Hood Doncaster Sheffield Airport & Nottingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a dual fronted retail unit at ground floor with ancillary accommodation at second and third floors and a plant room on fourth. The first floor is a former nightclub and benefits from separate access.

Six Week Completion

VAT is applicable to this lot. Please refer to special conditions.

Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers 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

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	Review/ (Reversion)
Ground Second Third Fourth	Retail/Ancillary Ancillary Ancillary Plant	1,161.50 sq m 905.0 sq m 698.0 sq m 157.9 sq m	(12,502 sq ft) (9,741 sq ft) (7,513 sq ft) (1,700 sq ft)	B & M RETAIL LIMITED (1)	15 years from 18/08/2009 on a full insuring and repairing lease (2)	£150,000	18/08/2019 (17/08/2024)
First	Former Nightclub	905.0 sq m	(9,741 sq ft)	VACANT POSSESSION
Total		3,827.4 sq m	(41,197 sq ft)			£150,000

(1) For the year ending 28th March 2015, B & M Retail Limited reported a turnover of £1,526,181,000, pre-tax profits of £151,063,000 and a total net worth of £333,599,000. (Source: Experian Group 19/04/2016).
(2) The lease is subject to a schedule of condition