1 Market square Woodhouse Sheffield South Yorkshire S13 7JX

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
24th October 2019
Rent
£57,000 per Annum Exclusive
Status
Sold
Price
£852,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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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 24th October 2019
Rent £57,000 per Annum Exclusive
Status Sold
Price £852,000
Sector
Supermarket/Convenience
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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.

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

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

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
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.	£52,000	2022 and 5 yearly (capped at 4% and collared at 2%)
Part Roof	Mast			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.