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 11th July 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Status Withdrawn Post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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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
Reversion
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
£35,000
23/06/2022
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).
