2 - 6 Effingham Street
Rotherham
South Yorkshire
S65 1BL

Prime Freehold Retail Parade Investment

  • Prominent retail parade let to tenants including Greggs, Timpson and Harvey & Thompson
  • Potential to convert self-contained vacant second floor to residential (subject to planning and consents)
  • Prime trading position in pedestrianised town centre location
  • Nearby occupiers include B&M Bargains and Specsavers
  • Lot
    27
  • Auction
    23/May/2019
  • Rent
    £110,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 2 - 6 Effingham Street<br>Rotherham<br>South Yorkshire<br>S65 1BL
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles north-east of Sheffield
3 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield
Leeds Bradford International Airport
Situation

The property is situated within a conservation area on the corner of the pedestrianised Effingham Street at its junction with College Street, close to the eastern corner of All Saints Square, within Rotherham's prime retailing area. Nearby occupiers include B&M Bargains, Specsavers and O2, along with branches of Nationwide Building Society and Barclays bank.

Tenure

Freehold.

Description

The property, a Grade II listed building, comprises four ground floor retail units with first floor ancillary accommodation. The second floor comprises self-contained office accommodation which is accessed via a dedicated entrance on Effingham Street.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
(Reversion)
Unit 2Ground
First
Retail
Ancillary
115.02 sq m
104.84 sq m
(1,238 sq ft)
(1,128 sq ft)
HARVEY & THOMPSON
LIMITED (1)
15 years from
13/12/2010 (2)
£35,000(12/12/2025)
Unit 3Ground
First
Retail
Ancillary
17.21 sq m
8.96 sq m
(185 sq ft)
(96 sq ft)
TIMPSON LIMITED (3)10 years from
01/11/2015 (4)
£10,00001/11/2020
(31/10/2025)
Unit 4Ground
First
Retail
Ancillary
49.03 sq m
49.50 sq m
(528 sq ft)
(533 sq ft)
CASH SHOP LIMITED10 years from
05/11/2012
£27,500(04/11/2022)
Unit 5Ground
First
Retail
Ancillary
82.11 sq m
43.83 sq m
(884 sq ft)
(472 sq ft)
GREGGS PLC (5)10 years from
25/03/2010
£38,00025/03/2015
(24/03/2020)
2nd Floor,
2-6 Effingham
Street
Second
Floor
Office
273.60 sq m
(6)
(2,945 sq ft)
(6)
VACANT POSSESSION   
Total Commercial Area
744.10 sq m
(8,009 sq ft)
  £110,500 

(1) For the year ending 31 December 2017, Harvey & Thompson Limited reported a turnover of £110,333,000, pre-tax profits of £14,237,000 and a total net worth of £95,422,000 (Source: Experian Group 09/04/2019).
(2) In 2018, a reversionary lease for a term of five years expiring on 12/12/2025 was entered into. The tenant was granted an 11 month rent free period pursuant to a deed of variation which is due to expire on 10/09/2019. The seller has agreed to adjust the completion monies so that the unit will effectively produce £35,000 from the completion of sale.
(3) For the year ending 29 September 2018, Timpson Limited reported a turnover of £164,229,000, pre-tax profits of £5,718,000 and a total net worth of £54,227,000 (Source: Experian Group 09/04/2019).
(4) The lease provides a tenant option to determine on 31/10/2020.
(5) For the year ending 30 December 2017, Greggs Plc reported a turnover of £960,005,000, pre-tax profits of £71,945,000 and a total net worth of £284,626,000 (Source: Experian Group 09/04/2019)
(6) Please note the areas stated have been taken from the VOA at www.gov.uk.

Property Documents

  • Site Plan
    Updated Date
    01.05.19
    File Size
    6 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
Eversheds Sutherland One Wood Street
London
EC2V 7WS
James Roberts 0207 919 0506jamesroberts@eversheds-sutherland.com

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