47 / 48 Market Place
Doncaster
South Yorkshire
DN1 1NJ

Freehold Retail Investment

  • Let to Boots UK Limited until 2023 (subject to option)
  • Fixed 1.5% annual rental increases (3)
  • Boots have been in occupation for over 70 years
  • Prominent position on busy pedestrianised pitch directly opposite the renowned Doncaster Market
  • Nearby occupiers include Primark, Halifax, Poundworld and Ladbrokes
  • Lot
    15
  • Auction
    14/Feb/2018
  • Rent
    £84,948 per Annum Exclusive
  • Status
    Sold
  • Price*
    £826,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
Important Property Update
  • 47 / 48 Market Place<br>Doncaster<br>South Yorkshire<br>DN1 1NJ
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
21 miles north-east of Sheffield, 33 miles south of Leeds, 40 miles east of Manchester
Roads
A1(M), M18
Rail
Doncaster Rail
Air
Leeds Bradford International Airport,,Humberside Airport
Situation

Doncaster is a popular South Yorkshire commercial centre and benefits from excellent road communications via the A1(M) and M18 motorways. The property ocupies a prominent position on the pedestrianised Market Place in the heart of Doncaster town centre. Doncaster Market is located opposite the property, which hosts its famous markets five times a week. Other nearby occupiers include Primark, Halifax, Poundworld and Ladbrokes. More than £3 million of Sheffield City Region SCRIF funding has been secured to revamp the award winning market place. The aim is to transform the market area into a vibrant and bustling location all week long and into the evenings – further details can be found at www.doncaster.gove.uk/services/planning/marketdevelopment.

Tenure

Freehold.

Description

The property comprises a double fronted ground floor retail unit with ancillary accommodation on basement and first floors. The second floor is currently inaccessible.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Basement
First
Second
Retail
Ancillary
Ancillary
-
300.26 sq m
40.69 sq m
263.00 sq m
Not measured
(3,232 sq ft)
(438 sq ft)
(2,831 sq ft)
BOOTS UK
LIMITED (1)
10 years from
29/03/2013 (2)
on a full repairing
and insuring lease
£84,948.39 (3)31/03/2023
Total
603.95 sq m
(6,501 sq ft)
  £84,948.39 (3) 

(1) For the year ending 31 August 2016, Boots UK Limited reported a turnover of £6,876,000,000, pre-tax profits of £523,000,000 and a total net worth of £1,204,000,000 (Source: Experian Group 17/01/2018). Boots have been in occupation for more than 70 years. Boots is the UK’s leading pharmacy-led health and beauty retailer. With around 2,500 stores in the UK, ranging from local community pharmacies to large destination health and beauty stores. Boots UK is part of the Retail Pharmacy International Division of Walgreens Boots Alliance, Inc, the first global pharmacy-led health and wellbeing enterprise (Source: www.boots-uk.com 17/01/2018).
(2) The lease provides a tenant only option to determine on 31/03/2020.
(3) The lease provides for annual fixed rental increases of 1.5%, the rent will therefore increase to £84,948.39 p.a.x on 01/04/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £84,948.39 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    735 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Heather Manning 0121 393 0806heather.manning@gowlingwlg.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now