Hillsborough Exchange Shopping Centre
Middlewood Road
Sheffield
South Yorkshire
S6 4HL

Substantial Shopping Centre Investment

  • Substantial Shopping Centre comprising 8,540.78 sq m (91,933 sq ft)
  • Large site area of approximately 2.22 acres (0.9 ha)
  • Tenants include Boots, Superdrug, Wilko, Clintons, Greggs, Home Bargains, The Works, Card Factory, Heron Foods, Savers, Holland & Barrett and Specsavers
  • Approximately 98% of total floor area is currently let
  • Approximately 90% of floor area let to national tenants
  • Asset management opportunites
  • High Yielding on Guide Price
  • Lot
    14
  • Auction
    25/Mar/2021
  • Rent
    £823,379 per Annum
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Shopping Centre
  • Auction Venue
    Live Streamed Auction
Important Update
  • Hillsborough Exchange Shopping Centre<br>Middlewood Road<br>Sheffield<br>South Yorkshire<br>S6 4HL
  • Expand
  • Photos
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* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles north-west of Sheffield
31 miles south of Leeds
Roads
A57, A61, M1 (J34)
Rail
Hillsborough Tram
Air
Doncaster Sheffield Airport
Situation

Hillsborough is a popular suburb of Sheffield, approximately 2 miles north-west of Sheffield City Centre, 31 miles south of Leeds and 36 miles southeast of Manchester. The property is located between the River Loxley and Hillsborough Park, and fronts the east side of Middlewood Road. The property benefits from two tram stops (Hillsborough and Middlewood Road) which provide access to and from Sheffield City Centre. Hillsborough Interchange is close by too which connects the area with buses from Sheffield, Rotherham and the local area.

Tenure

Freehold. Majority Freehold. The entire property is held Freehold save for 20 Middlewood Road and 22 Hawsley Avenue, which are held Leasehold. Please see legal pack for full details.

Description

The Hillsborough Exchange Shopping Centre was originally built in 1988 and comprises a covered scheme with pedestrian access from Middlewood Road and Bradfield Road. The scheme is currently arranged to provide 27 units (all of which are currently let except two) and four kiosks (two of which are vacant). The majority of the retail units trade at ground floor level, with one unit trading from ground and first floor. The total retail/ancillary accommodation totals approximately 8,540.78 sq m (91,933 sq ft) on a total site area of approximately 2.22 acres (0.9 ha). The property also benefits from a rooftop customer car park comprising over 100 spaces which is accessed from Procter Place.

Gross Total (including mall entertainment, vending machines, car parking and advertising etc):
Current actual and estimated gross income is £823,379 per annum.

A full tenancy schedule is available within the solicitors legal pack. Retailers include Boots, Superdrug, Wilko, Clintons, Greggs,Home Bargains, The Works, Card Factory, Holland & Barrett and Specsavers, amongst others.Approximately 98% of the floor area is currently let and approximately 90% of total floor area is let to national tenants.

VAT

VAT is applicable to this lot.

Planning

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

Note

Gross Total (including mall entertainment, vending machines, car parking and advertising etc): Current actual and estimated gross income is £823,379 per annum. A full tenancy schedule is available within the solicitors legal pack. Retailers include Boots, Superdrug, Wilko, Clintons, Greggs,Home Bargains, The Works, Card Factory, Holland & Barrett and Specsavers, amongst others. Approximately 98% of the floor area is currently let and approximately 90% of total floor area is let to national tenants.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

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

  • Site Plan
    Updated Date
    05.03.21
    File Size
    903 KB
    View PDF
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 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
DWF LLP 42 Queen Street
Belfast
BT1 6HL
Mark Tinman 028 9023 0230 Mark.Tinman@dwf.law

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