Aldi Supermarket (and Units 1-6 Parkside Shopping Centre)
Killamarsh
near Sheffield
South Yorkshire
S21 1FY

Freehold Supermarket Investment

  • Predominantly let to Aldi Stores Limited
  • Supermarket lease expires July 2033 (subject to option)
  • 5 yearly RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
  • Approximately 1.6 acre site with excellent parking provisions
  • Lot
    21
  • Auction
    24/May/2018
  • Rent
    £181,698 per Annum Exclusive
  • Status
    Available
  • Price*
    £3,000,000 - £3,100,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Aldi Supermarket (and Units 1-6 Parkside Shopping Centre)<br>Killamarsh<br>near Sheffield<br>South Yorkshire<br>S21 1FY
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Property Information

Location
Miles
7 miles south-east of Sheffield City Centre, 8 miles west of Worksop
Air
Doncaster Sheffield Airport
Situation

The property forms part of Parkside Shopping Centre and is situated on the western side of Stanley Street, which connects to Sheffield Road to the north. A Co-operative Food supermarket and the town’s Council offices and library are located close by.

Tenure

Freehold.

Description

The property comprises a large and modern purpose built supermarket arranged on the ground floor only, along with a parade of retail units and a health centre let on a long lease. The property benefits from car parking for approximately 73 cars, with a site area of approximately 1.6 acres.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundSupermarket
1,414.00 sq m
(15,220 sq ft)
ALDI STORES
LIMITED (1)
20 years from
21/07/2013 until
20/07/2033 (2) on
a full repairing
and insuring lease
£181,698RPI linked
review on
21/01/2023 and
five yearly
thereafter (3)
Units 1-6
& Health
Centre
Retail/Health
Centre
-
(-)
SHEET ANCHOR
EVOLVE LIMITED
250 years from
22/11/2013 until
21/11/2263
Peppercorn-
Total
1,414.00 sq m
(15,220 sq ft)
  £181,698 

(1) For the year ending 31st December 2016, Aldi Stores Limited reported a turnover of £8,744,385,000, pre-tax profits of £214,795,000 and a total net worth of £2,321,983,000. Aldi operate from over 620 stores in the UK and Ireland (Sources: Experian Group and www.aldisuppliers.co.uk 27/04/2018).
(2) The lease provides for a tenant option to determine on 21st January 2028.
(3) The rent is reviewed to RPI capped and collared at 1% and 3% per annum and compounded five yearly.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.05.18
    File Size
    34 MB
    Login to View
  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Kuits Solicitors 7th Floor, Blackfriars House, Parsonage
Manchester
Lancashire
M3 2JA
Tim Arkwright 0161 838 7875 timarkwright@kuits.com

Useful Links

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