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.
(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.