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
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.
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
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.
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)
