Freehold Retail and Residential Ground Rent Investment
Shop let to BoyleSports UK Limited on assignment from Jennings Racing Limited
December 2018 break clause not exercised
Rental increase at Rent Review in December 2018
Close to Argos, Heron Foods, Wilko, Savers, Co-op Food supermarket and B&M Bargains
Excellent bus and tram communications
Central city centre location
Lot 43
Auction 12th February 2020
Rent £28,400 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Property Information
Location
Miles
38 miles east of Manchester
39 miles south of Leeds
Roads
A57, A61, M1
Rail
Sheffield Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Situation
The property is prominently situated on the western side of Haymarket, opposite the part-pedestrianised Dixon Lane, in the heart of Sheffield city centre. The property is opposite B&M Bargains and Wilko, with other nearby retailers including Argos, Heron Foods, Co-op Food, Savers and Subway. The property benefits from excellent tram and bus links.
Tenure
Freehold.
Location
Miles
38 miles east of Manchester
39 miles south of Leeds
Roads
A57, A61, M1
Rail
Sheffield Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Situation
The property is prominently situated on the western side of Haymarket, opposite the part-pedestrianised Dixon Lane, in the heart of Sheffield city centre. The property is opposite B&M Bargains and Wilko, with other nearby retailers including Argos, Heron Foods, Co-op Food, Savers and Subway. The property benefits from excellent tram and bus links.
Tenure
Freehold.
Description
The property comprises a betting shop arranged on the ground floor and basement, with residential accommodation above which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C (shop). See legal pack at acuitus.co.uk
Description
The property comprises a betting shop arranged on the ground floor and basement, with residential accommodation above which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C (shop). See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground Basement
Retail/Ancillary Ancillary
95.49 sq m 9.99 sq m
(1,028 sq ft) (108 sq ft)
BOYLESPORTS UK LIMITED (1)
10 years from 23/12/2013
£28,000
First/Second
Residential
-
(-)
NASEEM HAMED ENTERPRISES LIMITED
125 years from 08/01/2016
£400
Total
105.48 sq m
(1,136 sq ft)
28,400
(1) BoyleSports is the largest and most successful independently-owned bookmaker in Ireland. Founded in 1989, the business has grown to over 250 shops in Ireland, the UK and a range of other international markets (source: boylesports.com 15/01/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
