Winchester House and 25 - 41 Scot Lane Doncaster South Yorkshire DN1 1HD
Winchester House and 25 - 41 Scot Lane Doncaster South Yorkshire DN1 1HD
Freehold Retail and Residential Investment
Prominent corner buildings in centre of busy market town
Five retail units and 19 residential flats (8 let on ASTs and 6 offered with vacant possession)
Over 40% income secured by Paddy Power Leisure Bookmakers Limited (Paddy Power) until June 2026 with important outstanding 2016 rent review and no breaks
Nearby occupiers include Boots, Greggs, KFC, Ladbrokes, NatWest and Primark
Lot 20
Auction 5th December 2018
Rent £105,950 per Annum Exclusive
Status Sold
Price £725,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Prominent corner buildings in centre of busy market town
Five retail units and 19 residential flats (8 let on ASTs and 6 offered with vacant possession)
Over 40% income secured by Paddy Power Leisure Bookmakers Limited (Paddy Power) until June 2026 with important outstanding 2016 rent review and no breaks
Nearby occupiers include Boots, Greggs, KFC, Ladbrokes, NatWest and Primark
Lot 20
Auction 5th December 2018
Rent £105,950 per Annum Exclusive
Status Sold
Price £725,000
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
21 miles north-east of Sheffield
33 miles south of Leeds
40 miles east of Manchester
Roads
A1 (M), M18
Rail
Doncaster Railway Station
Air
Leeds Bradford International Airport
Situation
Doncaster is a large market town and popular commercial centre in South Yorkshire which benefits from excellent road communications via the A1(M) and M18 motorways. The property occupies a prominent corner location on its junction with the pedestrianised Market Place, in the heart of Doncaster town centre. The property sits opposite Doncaster Market, which hosts its famous markets five times a week. Other nearby occupiers include Boots, Greggs, KFC, Ladbrokes, NatWest and Primark.
Tenure
Freehold.
Location
Miles
21 miles north-east of Sheffield
33 miles south of Leeds
40 miles east of Manchester
Roads
A1 (M), M18
Rail
Doncaster Railway Station
Air
Leeds Bradford International Airport
Situation
Doncaster is a large market town and popular commercial centre in South Yorkshire which benefits from excellent road communications via the A1(M) and M18 motorways. The property occupies a prominent corner location on its junction with the pedestrianised Market Place, in the heart of Doncaster town centre. The property sits opposite Doncaster Market, which hosts its famous markets five times a week. Other nearby occupiers include Boots, Greggs, KFC, Ladbrokes, NatWest and Primark.
Tenure
Freehold.
Description
The property is a four storey building comprising five retail units with 19 self-contained residential flats on first, second and third floors
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property is a four storey building comprising five retail units with 19 self-contained residential flats on first, second and third floors
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
41 Market Place
Retail
147.06 sq m
(1,583 sq ft)
POWER LEISURE BOOKMAKERS LTD t/a Paddy Power (1)
15 years from 10/06/2011
£35,000
10/06/2016 (2) (10/06/2026)
29 Scot Lane
Retail
47.66 sq m
(513 sq ft)
INDIVIDUAL (3)
3 years from 18/03/2016
£10,000
(17/03/2019)
31 Scot Lane
Retail
47.57 sq m
(512 sq ft)
THE CRUSTY COB SHOP LIMITED
10 years from 28/04/2015
£12,500
28/04/2020 (27/04/2025)
25 Scot Lane
Retail
45.98 sq m
(495 sq ft)
VACANT POSSESSION
27 Scot Lane
Retail
105.44 sq m
(1,135 sq ft)
MBA PHONE WORLD LTD
3 years from November 2018 (4)
£7,500
November 2019 (November 2021)
Flats 6, 7, 9, 12, 14, 15, 18 & 19
Residential
Not Measured
INDIVIDUALS
8 Separate ASTs
£40,200
Refer to legal pack
Flats 1, 2, 3, 8, 16 & 20
Residential
Not Measured
VACANT POSSESSION
Flats 4, 5, 10, 11 & 17
Residential
Not Measured
INDIVIDUALS
150 years expiring 2165
£750
(2165)
Total Commercial Floor Areas
393.71 sq m
(4,238 sq ft)
£105,950
(1) For the year ending 31/12/2017, Power Leisure Limited t/a Paddy Power reported a turnover of £909,634,526, pre-tax profits of £98,717,065 and a total net worth of £41,015,809 (Source: Experian Group 08/11/2018). Paddy Power operates from over 500 units throughout the UK and Ireland (Source: paddypowerbetfair.com). (2) As to 41 Market Place, the 2016 rent review remains outstanding. Notice has been served at £58,250 and negotiations are ongoing. (3) The tenant of 29 Scot Lane, who was trading as J & J Jewellers, is not currently in occupation. (4) As to 27 Scot Lane, lease terms have been agreed on the above basis and the lease is due to complete shortly. Please refer to the legal pack.
