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 24th May 2018
Rent £181,698 per Annum Exclusive
Status Sold
Price £3,275,000
Sector Supermarket
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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
Reviews
Ground
Supermarket
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
£181,698
RPI 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.
