Prominent town centre location 150 metres from Rotherham Central Railway Station
Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s
Future redevelopment potential (subject to consents)
Lot 25
Auction 4th April 2019
Rent £125,950 per Annum Exclusive
Status Sold
Price £575,000
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Doncaster Sheffield Airport, Leeds Bradford International Airport
Situation
The property is situated in the heart of Rotherham town centre on the eastern side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property lies adjacent to Wilko and a public car park, just 150 metres from the railway station. Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s. As part of the Rotherham Town Centre Regeneration Masterplan, Forge Island, located immediately to the west of the property, will be redeveloped to provide a new vibrant leisure destination. The development will include a cinema, hotel, restaurants/bars, parking and residential opportunities. For further information please visit www.rotherham.gov.uk
Tenure
Freehold.
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Doncaster Sheffield Airport, Leeds Bradford International Airport
Situation
The property is situated in the heart of Rotherham town centre on the eastern side of Corporation Street, close to its junction with the pedestrianised Upper Millgate. The property lies adjacent to Wilko and a public car park, just 150 metres from the railway station. Neighbouring occupiers include William Hill, Barclays Bank, Betfred and McDonald’s. As part of the Rotherham Town Centre Regeneration Masterplan, Forge Island, located immediately to the west of the property, will be redeveloped to provide a new vibrant leisure destination. The development will include a cinema, hotel, restaurants/bars, parking and residential opportunities. For further information please visit www.rotherham.gov.uk
Tenure
Freehold.
Description
The property comprises a substantial detached building arranged over lower ground, ground, mezzanine and first floors and is currently used as a bingo hall.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a substantial detached building arranged over lower ground, ground, mezzanine and first floors and is currently used as a bingo hall.
15 years from 10/07/2006 on a full repairing and insuring lease (2)(3)
£125,950
28/09/2021
Total
2,395.00 sq m
(25,780 sq ft)
£125,950
(1) For the year ending 30th June 2018, Mecca Bingo Limited reported a turnover of £199,432,000, pre-tax profits of £16,078,000 and a total net worth of £56,796,000 (Source: Experian Group 7/03/2019). (2) The lease is subject to a schedule of condition. (3) The lease provides a tenant’s option to extend the lease.
