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 22
Auction 7th July 2016
Rent
Status Sold
Price £1,651,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of CBRE Receivers
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
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.
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.
VAT
VAT is applicable to this lot.
Note
NB: With regard to VAT, please refer to special conditions.
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.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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.
VAT
VAT is applicable to this lot.
Note
NB: With regard to VAT, please refer to special conditions.
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.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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