44 Cheapside
Barnsley
South Yorkshire
S70 1RU

Freehold Retail Investment

  • Directly opposite the new Glass Works development (26 shops, a 13-screen Cineworld, Superbowl UK and 7 restaurants)
  • Let to Warren James (Jewellers) Limited on a new lease from 2017
  • Nearby occupiers include Boots, Superdrug, Body Shop and O2
  • Lot
    55
  • Auction
    11/Jul/2018
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
  • 44 Cheapside<br>Barnsley<br>South Yorkshire<br>S70 1RU
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Property Information

Location
Miles
14 miles north of Sheffield
20 miles south of Leeds
35 miles east of Manchester
Roads
A635, M1 (Junction 37)
Rail
Barnsley Railway Station
Air
Robin Hood Doncaster Sheffield
Leeds/Bradford Airport
Situation

The property occupies an excellent trading location in Barnsley town centre, on the western side of the pedestrianised Cheapside, with nearby occupiers including Boots, Superdrug, Body Shop and O2. The property is directly opposite the Glass Works development, with Phase 1 due to open in 2018. The Glass Works will provide 26 shops, a 13-screen Cineworld, Superbowl UK and 7 restaurants. These, combined with a new library with community facilities, refurbished markets, new public realm and up to 500 car parking spaces sit within a 3.8 hectare site in the very heart of Barnsley town centre (Source: https://theglassworksbarnsley.com 08/06/2018).

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Retail/Ancillary
Ancillary
72.40 sq m
33.40 sq m
(779 sq ft)
(360 sq ft)
WARREN JAMES
(JEWELLERS)
LIMITED
5 years from
24/06/2017
£35,00023/06/2022
Total
105.80 sq m
(1,139 sq ft)
  £35,000 

(1) For the year ending 31st March 2017, Warren James (Jewellers) Limited reported a turnover of £117,201,000, pre-tax profits of £42,689,000 and a total net worth of £93,036,000 (Source: Experian Group 08/06/2019). Warren James is the UK’s largest independently owned jewellery chain, with 220 shops helping over 3 million customers every year (Source: www.warrenjames.co.uk 08/06/2018).

Property Documents

  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    980 KB
    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
Forsters LLP 31 Hill Street
London
W1J 5LS
Alexandra Townsend-Wheeler 02073 994 810alexandra.townsend-wheeler@forsters.co.uk

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