1 Market square
Woodhouse
Sheffield
South Yorkshire
S13 7JX

Freehold Convenience Store Investment

  • Entirely let to McColl's on a lease expiring 2032 (no breaks)
  • RPI linked Rent Reviews
  • Part sublet to Lloyds Pharmacy
  • Includes a phone mast
  • Predominantly residential suburb with public car park at the rear and adjacent to a bus stop
  • Lot
    50
  • Auction
    24/Oct/2019
  • Rent
    £57,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £852,000
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 1 Market square<br>Woodhouse<br>Sheffield<br>South Yorkshire<br>S13 7JX
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* More information on the term "price" can be found here

Property Information

Location
Miles
5 miles south-east of Sheffield
5 miles south of Rotherham
9 miles north of Chesterfield
Roads
A57, M1
Rail
Woodhouse
Air
Doncaster Sheffield Airport
Situation

The property is located at the junction of Market Square and Cross Street in the heart of Woodhouse, about 5 miles south-east of Sheffield city centre. Woodhouse is a predominantly residential suburb with easy access to Sheffield city centre and the M1, 4 miles to the east. Rother Valley Country Park is 2 miles to the south and Meadowhall Shopping Centre 5 miles to the north. Nearby occupiers include Lloyds Bank, Ladbrokes and Fulton Foods, amongst a number of other traders.

Tenure

Freehold.

Description

The comprises a ground floor convenience store with first floor ancillary accommodation. Part of the ground floor is sublet to Lloyds Pharmacy. The property benefits from a telecoms mast on the roof.

VAT

VAT is applicable to this lot.

EPC

Band E. See legal pack at www.acutius.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Retail/Ancillary
Ancillary
635 sq m
232 sq m
(6,835 sq ft)
(2,497 sq ft)
MARTIN McCOLL LIMITED (1)
(part sublet to Lloyds
Pharmacy)
20 years from
29/11/2012
expiring
28/11/2032 on a
full repairing and
insuring lease.
£52,0002022 and 5
yearly
(capped at
4% and
collared at
2%)
Part RoofMast
CORNERSTONE
TELECOMMUNICATIONS
INFRASTRUCTURE LTD
 £5,000 (2) 
Total
867 sq m
(9,332 sq ft)
  £57,000 

(1) For the year ending 26th Novermber 2017, Martin McColl Limited reported a turnover of £713,391,000, pre-tax profits of £27,168,000 and a total net worth of £42,850,000 (Source: Experian Group 24/04/2019). The first McColl's store was opened in 1901 and is now a leading neighbourhood retailer with around 1,550 convenience stores and newsagents across England, Scotland and Wales
(Source: www.mccolls.co.uk 24/04/2019).
(2) The lease is an underlease. The total rent payable by Cornerstone Telecommunications Infrastructure Ltd is £10,000 pa which is split equally between the landlord (Vendor) and the tenant (Martin McColl Limited) - please see the legal pack.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    534 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    818 KB
    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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Elliot Mather Solicitors St Marys Court, St Mary's Gate
Chesterfield
Derbyshire
S41 7TD
Mike Sullivan 01246 204 081 Mike.Sullivan@elliotmather.co.uk

Useful Links

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