2 - 10 Drummond Street (even) & 39 - 47 (odd) Effingham Street Rotherham South Yorkshire S65 1HY

2 - 10 Drummond Street (even) & 39 - 47 (odd) Effingham Street
Rotherham
South Yorkshire
S65 1HY

Freehold Retail Parade Investment

  • Comprises 11 ground floor retail units with residential uppers (let on a long lease)
  • Prominent corner position on pedestrianised Effingham Street
  • Adjacent to Tesco Extra
  • Nearby occupiers include Boots the Chemist, Poundworld, NatWest and Argos
  • Lot
    36
  • Auction
    24th May 2018
  • Rent
    £99,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £800,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Parade Investment

  • Comprises 11 ground floor retail units with residential uppers (let on a long lease)
  • Prominent corner position on pedestrianised Effingham Street
  • Adjacent to Tesco Extra
  • Nearby occupiers include Boots the Chemist, Poundworld, NatWest and Argos
  • Lot 36
  • Auction 24th May 2018
  • Rent
  • Status Sold
  • Price £800,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager

Property Information

Location
Miles
8 miles north-east of Sheffield
3 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield
Leeds Bradford International Airport
Situation

The property occupies a prominent corner position on Drummond Street at its junction with Effingham Street, one of the town’s principal retailing thoroughfares. The property is adjacent to Tesco Extra and Effingham Square, which hosts part of Rotherham’s street market. The pedestrianised Effingham Street is home to occupiers including Boots Chemist, Poundworld, NatWest and Argos.

Tenure

Freehold.

Location
Miles
8 miles north-east of Sheffield
3 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield
Leeds Bradford International Airport
Situation

The property occupies a prominent corner position on Drummond Street at its junction with Effingham Street, one of the town’s principal retailing thoroughfares. The property is adjacent to Tesco Extra and Effingham Square, which hosts part of Rotherham’s street market. The pedestrianised Effingham Street is home to occupiers including Boots Chemist, Poundworld, NatWest and Argos.

Tenure

Freehold.

Description

The property comprises 11 ground floor retail units with residential accommodation on first floors which have been let on a long lease.

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 11 ground floor retail units with residential accommodation on first floors which have been let on a long lease.

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/
(Reversion)
10 Drummond
Street
Ground Retail
59.82 sq m
(644 sq ft)
AGE CONCERN
ROTHERHAM LTD
t/a Age UK
12 years from
28/08/2015 (1)
£10,500 28/08/2018
(27/08/2027)
8 Drummond
Street
Ground Retail
44.59 sq m
(480 sq ft)
INDIVIDUAL
t/a Superfry Fish & Chips
6 years from
18/07/2015 (2)
£8,750 18/07/2018
(17/07/2021)
6 Drummond
Street
Ground Retail
45.98 sq m
(495 sq ft)
VACANT
POSSESSION
4 Drummond
Street
Ground Retail
45.89 sq m
(494 sq ft)
INDIVIDUAL
t/a Lily Nails
10 years from
08/08/2015 (3)
£9,500 08/08/2020
(07/08/2025)
2 Drummond
Street
Ground Retail
100.98 sq m
(1,087 sq ft)
EED (YORKSHIRE)
LIMITED
t/a 7 Day Store
15 years from 04/02/2015
until 03/02/2030
(4)
£15,000 04/02/2020
5 yearly
47 Effingham
Square
Ground Retail
23.50 sq m
(253 sq ft)
INDIVIDUAL
t/a Sol Tattoo
Parlour
3 years from
14/03/2017
£6,000 Fixed rental
uplift to £6,500
on 14/03/2019
45 Effingham Square Ground Retail
45.24 sq m
(487 sq ft)
INDIVIDUAL
t/a MJ News
& Sweets
9 years from
01/04/2006
£9,250 (31/03/2015)
Holding over
43 Effingham Square Ground Retail
46.07 sq m
(496 sq ft)
INDIVIDUAL
t/a Phones R Us
5 years from
01/03/2014
£8,000 (28/02/2019)
41 Effingham Square Ground Retail
71.90 sq m
(774 sq ft)
INDIVIDUAL
t/a Vapour Waves
5 years from
13/06/2016 (5)
£9,500 (12/06/2021)
39 Effingham Square Ground Retail
71.90 sq m
(774 sq ft)
STANIFORTHS
(RAWMARSH)
BAKERY LTD
t/a Staniforths
Bakery
15 years from
09/11/2005
£16,000 09/11/2014
(Outstanding)
(08/11/2020)
76 Effingham
Street
Ground Retail
36.13 sq m
(389 sq ft)
INDIVIDUAL
t/a Speedy Shoe Service
10 years from
25/03/2015
£7,000 25/03/2020
(24/03/2025)
Units 1 & 2nd Flr
Drummond Street
First &
Second
Floors
Residential
Not measured
THE GUINESS
PARTNERSHIP
LIMITED
200 years
25/03/1990
Peppercorn (24/03/2190)
Total Commercial Area:
592.00 sq m
(6,373 sq ft)
£99,500

(1) The tenant has served notice to exercise their 28/08/2018 option to determine. There have been ongoing discussions with the tenant to agree new terms - please refer to the legal pack for further information.
(2) The tenant did not exercise their 18/07/2018 option to determine and the notice period has now passed.
(3) The lease provides an option to determine on 08/08/2020.
(4) The lease provides an option to determine on 31/12/2020 and 31/12/2025.
(5) The lease provides an option to determine on 13/06/2019.

Property Documents

  • Catalogue Page
    Updated Date
    18.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    18.11.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds 1 Callaghan Square
Cardiff
CF10 5BT
Alexandra Shapland 0292 047 7210AlexShapland2@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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