34/36 College Street Rotherham South Yorkshire S65 1AG

34/36 College Street
Rotherham
South Yorkshire
S65 1AG

Freehold Retail and Residential Investment

On behalf of Joint LPA Receivers Majority let to Specsavers Optical Superstores Limited
Two retail units with self-contained residential accommodation
Prominent corner position in pedestrianised town centre location
Nearby occupiers include Dorothy Perkins, Clinton Cards, HSBC and W H Smith

Lot
32
Auction
27th May 2010
Rent
£72,000 per Annum
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail and Residential Investment

On behalf of Joint LPA Receivers Majority let to Specsavers Optical Superstores Limited
Two retail units with self-contained residential accommodation
Prominent corner position in pedestrianised town centre location
Nearby occupiers include Dorothy Perkins, Clinton Cards, HSBC and W H Smith

Lot 32
Auction 27th May 2010
Rent £72,000 per Annum
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Population: 255,000
Miles: ?9 miles north-east of Sheffield; 13 miles south-west of Doncaster
Roads: M1, M18, A1(M)
Rail: Rotherham Central
Air: Rotherham International Airport

Situation

The property is situated in a prominent corner position on the west side of College Street, one of Rotherham's principal pedestrianised retail thoroughfares, at its junction with Vicarage Lane. Nearby occupiers include Dorothy Perkins, Clinton Cards, HSBC andW H Smith.

Tenure

Freehold.

Location

Population: 255,000
Miles: ?9 miles north-east of Sheffield; 13 miles south-west of Doncaster
Roads: M1, M18, A1(M)
Rail: Rotherham Central
Air: Rotherham International Airport

Situation

Tenure

Freehold.

Description

The property comprises TWO GROUND FLOOR RETAIL UNITS with ANCILLARY ACCOMMODATION on part first floor. The remainder of the first floor and the second floor comprise EIGHT STUDIO APARTMENTS accessed via a separate entrance on Vicarage Lane. VATVAT is applicable on this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
34/36	Ground Part First	Retail Retail/Ancillary	187.20 sq m 131.83 sq m	(2,015 sq ft) (1,419 sq ft)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (t/a SPECSAVERS OPTICIANS) (1)	25 years from 19/08/1992	£60,000	19/08/2012
34	Ground	Retail	27.68 sq m	(298 sq ft)	SFL (YORKSHIRE) LIMITED (t/a THE BARBERS SHOP) (2)	10 years from 11/10/2006 (3)	£12,000	11/10/2011
34/36	Part Ground, Part First & Second	Residential	Not Measured		EQUITY HOUSING GROUP LTD (4)	125 years from 02/03/2006	Peppercorn
Totals			346.71 sq m	(3,732 sq ft)			£72,000

(1) For the year ending 28th February 2009, Specsavers Optical Superstores Limited reported a turnover of ?341,452,000, pre-tax profits of ?26,504,000 and a net worth of ?56,689,000. (Source: www.riskdisk.com 28/04/2010). (2) Under the terms of the lease, the tenant has an option to determine on 11th October 2011, on giving 6 months' written notice. (3) Please note, the lease is subject to a schedule of condition. (4) Equity Housing Group are an established not-for-profit organisation who provide over 4,500 homes for all sectors of the community throughout Northern England. (Source: www.equityhousing.co.uk)