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).