Units A & B 63 Newcastle Avenue Worksop Nottinghamshire S80 1LX

Units A & B
63 Newcastle Avenue
Worksop
Nottinghamshire
S80 1LX

Freehold Convenience Store and Retail Investment

  • Let to Sainsbury’s Supermarkets Limited and Barnardo’s
  • Well configured shops with 21 space customer car park to the rear
  • 2018 break option in Barnardo’s lease not exercised with no concessions offered to the tenant
  • Prominent location to the west of Worksop town centre
  • Lot
    43
  • Auction
    18th October 2018
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Convenience Store and Retail Investment

  • Let to Sainsbury’s Supermarkets Limited and Barnardo’s
  • Well configured shops with 21 space customer car park to the rear
  • 2018 break option in Barnardo’s lease not exercised with no concessions offered to the tenant
  • Prominent location to the west of Worksop town centre
  • Lot 43
  • Auction 18th October 2018
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles north of Mansfield, 17 miles south-east of Sheffield
Roads
A57, A60, M1 (Junction 30)
Rail
Worksop Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Situation

The property occupies a prominent corner position fronting Newcastle Avenue at its junction with Norfolk Street, immediately to the west of Worksop town centre. Newcastle Avenue is an important arterial route connecting Worskop town centre with the A57, which in turn connects to the M1. The surrounding area includes a number of independent retailers, but is predominantly residential.

Tenure

Freehold.

Location
Miles
12 miles north of Mansfield, 17 miles south-east of Sheffield
Roads
A57, A60, M1 (Junction 30)
Rail
Worksop Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Situation

The property occupies a prominent corner position fronting Newcastle Avenue at its junction with Norfolk Street, immediately to the west of Worksop town centre. Newcastle Avenue is an important arterial route connecting Worskop town centre with the A57, which in turn connects to the M1. The surrounding area includes a number of independent retailers, but is predominantly residential.

Tenure

Freehold.

Description

The property comprises a shop and a convenience store arranged on the ground floor only. In addition, there is a car park to the rear of the property providing car parking for 21 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

C

Description

The property comprises a shop and a convenience store arranged on the ground floor only. In addition, there is a car park to the rear of the property providing car parking for 21 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

C

Tenancy & Accommodation

Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Retail/Ancillary
330.80 sq m
(3,561 sq ft)
SAINSBURY’S
SUPERMARKETS
LIMITED (1) t/a
Sainsbury’s Local
15 years from
12/12/2008
£50,000 12/12/2018
(11/12/2023)
Retail/Ancillary
280.95 sq m
(3,024 sq ft)
BARNARDO’S (2) 15 years from
12/12/2008
£45,000 12/12/2018
(11/12/2023)
Total
611.75 sq m
(6,585 sq ft)
    £95,000  

(1) For the year ending 11th March 2017, Sainsbury’s Supermarkets Limited reported a turnover of £23,234,000,000, pre-tax profits of £342,000,000 and a total net worth of £4,353,000,000 (Source: Experian Group 08/08/2018).
(2) For the year 2016-2017, Barnardo’s reported a total income of £301.1 million (Source: www.barnardos.org.uk 08/08/2018).

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    638 KB
    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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Myersons Regent Road
Altrincham
Cheshire
WA14 1RX
Joanne Perritt 0161 941 4000joanne.perritt@myerson.co.uk

Useful Links

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

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