Let to Coral Racing Limited until 2024 (subject to option)
Prominent corner position in pedestrianised town centre location
Some 20 metres north of the Wellington House Car Park and 100 metres west of the Alhambra Shopping Centre
Neighbouring occupiers include Marks & Spencer, Superdrug, New Look, Boots the Chemist and JD Wetherspoon
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 93
Auction 13th October 2016
Rent
Status Sold
Price £400,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
14 miles north of Sheffield, 20 miles south of Leeds, 35 miles east of Manchester
Roads
A62, A635, A628, M1 (Junction 37)
Rail
Barnsley Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent corner position on the east side of pedestrianised Market Street at its junction with Albert Street East, in the heart of the town centre. Nearby occupiers include Marks & Spencer, Superdrug, New Look, Boots the Chemist and JD Wetherspoon. The 38 space Wellington House car park is situated some 20 metres to the south and the Alhambra Shopping Centre, whose occupiers include Primark and Next is situated some 100 metres to the east.
Tenure
Freehold.
Location
Miles
14 miles north of Sheffield, 20 miles south of Leeds, 35 miles east of Manchester
Roads
A62, A635, A628, M1 (Junction 37)
Rail
Barnsley Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent corner position on the east side of pedestrianised Market Street at its junction with Albert Street East, in the heart of the town centre. Nearby occupiers include Marks & Spencer, Superdrug, New Look, Boots the Chemist and JD Wetherspoon. The 38 space Wellington House car park is situated some 20 metres to the south and the Alhambra Shopping Centre, whose occupiers include Primark and Next is situated some 100 metres to the east.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor with ancillary accommodation on the first floor and benefits from a return frontage on to Albert Street East.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor with ancillary accommodation on the first floor and benefits from a return frontage on to Albert Street East.
VAT
VAT is applicable to this lot.
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 First
Retail Ancillary
124.20 sq m 39.90 sq m
(1,337 sq ft) (429 sq ft)
CORAL RACING LIMITED (1)
15 years from 03/06/2009 on a full repairing and insuring lease (2)
£44,000
03/06/2019 (02/06/2024)
Totals
164.10 sq m
(1,766 sq ft)
£44,000
(1) For the year ending 26th September 2015, Coral Racing Limited reported a turnover of £667,786,000, pre-tax profits of £81,106,000 and a total net worth of £264,149,000. (Source: www.riskdisk.com 26/07/2016). (2) The lease provides for a tenant option to determine the lease on 3rd June 2019.