42, 44, 46 & 48 Cheapside Barnsley South Yorkshire S70 1RU

42, 44, 46 & 48
Cheapside
Barnsley
South Yorkshire
S70 1RU

Pedestrianised Town Centre Freehold Retail Parade Investment

Comprises 4 adjoining shops with development potential (6)
Directly opposite the new Glass Works development (26 shops, a 13-screen Cineworld, Superbowl UK and 7 restaurants
Tenants include Warren James, Body Shop, Telefonica & CA Raison Opticians
Occupiers nearby Boots, Lloyds, New Look, Timpson and Yorkshire Building Society.

Lot
26
Auction
28th October 2020
Rent
£190,900 per Annum Exclusive
Status
Sold
Price
£940,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Instructions of a Major Fund Manager

Important Update

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Pedestrianised Town Centre Freehold Retail Parade Investment

Comprises 4 adjoining shops with development potential (6)
Directly opposite the new Glass Works development (26 shops, a 13-screen Cineworld, Superbowl UK and 7 restaurants
Tenants include Warren James, Body Shop, Telefonica & CA Raison Opticians
Occupiers nearby Boots, Lloyds, New Look, Timpson and Yorkshire Building Society.

Lot 26
Auction 28th October 2020
Rent £190,900 per Annum Exclusive
Status Sold
Price £940,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Instructions of a Major Fund Manager

Property Information

Location

Miles: 14 miles north of Sheffield; 20 miles south of Leeds; 35 miles east of Manchester
Roads: A635, M1 (Junction 37)
Rail: Barnsley Railway Station
Air: Robin Hood Doncaster Sheffield; Leeds/Bradford Airport

Situation

The property occupies an excellent trading location in Barnsley town centre, on the western side of the pedestrianised Cheapside directly opposite the Glass Works Shopping Centre. The Glass Works will provide 26 shops, a 13-screen Cineworld, Superbowl UK and 7 restaurants. These, combined with a new library with community facilities, refurbished markets, new public realm and up to 500 car parking spaces sit within a 3.8 hectare site in the very heart of Barnsley town centre (Source: https://theglassworksbarnsley.com) Occupiers nearby include, Boots, Lloyds, New Look, Timpson and Yorkshire Building Society.

Tenure

Freehold.

Location

Miles: 14 miles north of Sheffield; 20 miles south of Leeds; 35 miles east of Manchester
Roads: A635, M1 (Junction 37)
Rail: Barnsley Railway Station
Air: Robin Hood Doncaster Sheffield; Leeds/Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises 4 separate self contained shops, each with ground floor sales and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Planning

(6) The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancies. Interested Parties are referred to Barnsley Council (www.barnsley.gov.uk/.gov.uk).

Completion Period

Six week completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises 4 separate self contained shops, each with ground floor sales and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Planning

Completion Period

Six week completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
42	Ground First	Retail Ancillary	72.90 sq m 24.80 sq m	(785 sq ft) (267 sq ft)	The Body Shop International PLC (1)	5 years from 20/07/2016	£50,000	(19/07/2021)
44	Ground First	Retail Ancillary	72.40 sq m 33.40 sq m	(779 sq ft) (360 sq ft)	Warren James (Jewellers) Limited (2)	5 years from 24/06/2017	£35,000	(23/06/2022)
46	Ground First	Retail Ancillary	72.19 sq m 33.26 sq m	(777 sq ft) (358 sq ft)	CA Raison Optica Limited (3)	20 years from 26/08/2008	£62,400	26/08/2023 (25/08/2028)
48	Ground First	Retail Ancillary	71 sq m 35 sq m	(764 sq ft) (376 sq ft)	Telefonica UK Limited (4)	30 years, 8 mths & 22 days from 04/08/1993 (5)	£43,500	(25/04/2024) (5)
Total			414.95 sq m	(4,466 sq ft)			£190,900

(1) For the year end 31/12/2018 The Body Shop International PLC reported a Turnover of £806,000,000 Pre-tax profits £20,000,000 and Shareholder Funds £351,000,000 (Source: SmartSearch 2/10/2020) (Website: www.thebodyshop.com)
(2) For the year end 31/03/2019 Warren James (Jewellers) Limited reported a Turnover of £110,000,000 Pre-tax profits £235,552,000 and Shareholder Funds £154,058,000 (Source: SmartSearch 2/10/2020) "....we have become the UK's largest independently owned jewellery chain, with 215 shops. Our expert, enthusiastic people help over 3 million customers every year..." (Website www.warrenjames.co.uk)
(3) "We are a family run optician established in 1993 in the heart of Barnsley town centre" (Website: www.caraisonopticians.co.uk)
(4) For the year end 31/12/2019 Telefonica UK Limited reported a Turnover of £5,976,000,000 Pre-tax profits £765,000,000 and Shareholder Funds £2,649,000,000 (Source: SmartSearch 2/10/2020) O2 is a mobile network operator and the principal commercial brand of Telefnica UK Limited, which is part of the global telecommunications group Telefnica S.A. (Website www.o2.co.uk)
(5) Tenants option to determine on 25/04/2022

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.