Entirely let to Heron Foods Ltd (now part of B&M Retail) until 2025 (no breaks)
Parking for approximately 18 cars
Approximate site area of 0.15 hectares (0.38 acres) and approximate site coverage of 25%
Nearby occupiers include One Stop and Coral bookmakers
Lot 58
Auction 7th December 2017
Rent £43,000 per Annum Exclusive
Status Sold
Price £530,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1.5 miles south-east of Barnsley, 12 miles north of Sheffield, 18 miles south of Leeds
Roads
A633, A635, M1
Rail
Barnsley Railway Station
Air
Leeds Bradford International Airport
Situation
The property is prominently situated in the suburb of Kendray just over a mile south-east of Barnsley town centre in a predominantly residential suburb. Nearby occupiers include Coral and One Stop.
Tenure
Freehold.
Location
Miles
1.5 miles south-east of Barnsley, 12 miles north of Sheffield, 18 miles south of Leeds
Roads
A633, A635, M1
Rail
Barnsley Railway Station
Air
Leeds Bradford International Airport
Situation
The property is prominently situated in the suburb of Kendray just over a mile south-east of Barnsley town centre in a predominantly residential suburb. Nearby occupiers include Coral and One Stop.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation. The basement and first floor accommodation are not currently used by the tenant and to which there is no internal access. The property benefits from a car park at the front for approximately 18 cars and an approximate site area of 0.15 hectares (0.38 acres) and approximate site coverage of 25%.
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 ground floor retail accommodation. The basement and first floor accommodation are not currently used by the tenant and to which there is no internal access. The property benefits from a car park at the front for approximately 18 cars and an approximate site area of 0.15 hectares (0.38 acres) and approximate site coverage of 25%.
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 Basement
Retail Storage Storage
379.18 sq m Not measured
(4,081 sq ft) Not measured
HERON FOODS LTD (1)
10 years from 09/04/2015 on a full repairing and insuring lease
£43,000
09/04/2020 (2) (09/04/2025)
Totals (Ground Floor Area)
379.18 sq m
(4,081 sq ft)
£43,000
(1) Heron Foods now operate from over 250 stores nationwide (www.heronfoods.com). Heron Foods were recently acquired by the national multiple discount retailer B&M, a company listed on the London Stock Exchange (www.bandmretail.com). For the year ending 31st December 2016, Heron Foods Ltd reported a turnover of £274,440,000, pre-tax profits £8,727,000 and a total net worth of £34,544,000 (Source: Experian Group 06/11/2017). (2) The lease provides for 5 yearly RPI linked uncapped rent reviews.
