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
    28/Oct/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 Auction & Property Update
  • 42, 44, 46 & 48<br>Cheapside<br>Barnsley<br>South Yorkshire<br>S70 1RU
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(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)
44Ground
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)
46Ground
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
£62,40026/08/2023
(25/08/2028)
48Ground
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    19.10.20
    File Size
    44 MB
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  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    15 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    935 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Forsters LLP
Alexandra Townsend-Wheeler 0207 399 4810alexandra.townsend-wheeler@forsters.co.uk

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