6-12 Matilda Street and 2-4 Earl Way Sheffield South Yorkshire S1 4QA

6-12 Matilda Street and 2-4 Earl Way
Sheffield
South Yorkshire
S1 4QA

  • 6-12 Matilda Street and 2-4 Earl Way<br>Sheffield<br>South Yorkshire<br>S1 4QA

City Centre Retail Parade Investment

  • City Centre Unbroken Retail Parade
  • Comprises 6 Retail units and a Storage Unit.
  • Long Standing Established Tenants
  • Close to The Moor Quarter Regeneration Scheme
  • Active Management Potential
  • Approximate Floor Area of 1,123 sq m (12,088 sq ft)
  • Nearby occupiers include Light Cinema, Primark, Costa Coffee, JD Sports, Next, Sketchers and Specsavers.
  • Lot
    41
  • Auction
    12/Jul/2022
  • Rent
    Gross: £108,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £600,000 - £650,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
32 miles south west of Manchester, 6 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1
Rail
Sheffield Railway Station (1 mile west)
Air
Doncaster/Sheffield International Airport
Situation

The property is situated in a prominent corner position on the south side of Matilda Street, at its junction with Earl Way. The property is located close to The Moor Quarter regeneration scheme, a joint venture between Sheffield County Council and Scottish Widows Investment Property Partnership Trust, a three phase scheme that is already transforming the area into one of the most desirable shopping destinations in Sheffield city centre. The Unviersity of Sheffield and Sheffield Hallam University have their principal campus located in the City Centre. Nearby occupiers include Light Cinema, Primark, Costa Coffee, JD Sports, Next, H&M, Sketchers and Specsavers.

Tenure

Leasehold. Held from New River (Hamilton) Limited for a term of 99 years from 22nd April 1965 until 21st April 2064 at a fixed ground rent of £1,400 per annum exclusive.

Location
Miles
32 miles south west of Manchester, 6 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1
Rail
Sheffield Railway Station (1 mile west)
Air
Doncaster/Sheffield International Airport
Situation

The property is situated in a prominent corner position on the south side of Matilda Street, at its junction with Earl Way. The property is located close to The Moor Quarter regeneration scheme, a joint venture between Sheffield County Council and Scottish Widows Investment Property Partnership Trust, a three phase scheme that is already transforming the area into one of the most desirable shopping destinations in Sheffield city centre. The Unviersity of Sheffield and Sheffield Hallam University have their principal campus located in the City Centre. Nearby occupiers include Light Cinema, Primark, Costa Coffee, JD Sports, Next, H&M, Sketchers and Specsavers.

Tenure

Leasehold. Held from New River (Hamilton) Limited for a term of 99 years from 22nd April 1965 until 21st April 2064 at a fixed ground rent of £1,400 per annum exclusive.

Description

The property, an unbroken retail parade comprises 6 retail units across ground and first floor accommodation. Tenants include Ladbrokes, an independent Oriental supermarkets, a takeaway, a Chinese restaurant, Fish & Chips restaurant and a comic book shop.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

See Legal Pack.

Description

The property, an unbroken retail parade comprises 6 retail units across ground and first floor accommodation. Tenants include Ladbrokes, an independent Oriental supermarkets, a takeaway, a Chinese restaurant, Fish & Chips restaurant and a comic book shop.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

See Legal Pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reviews/(Reversion)
6 Matilda Street Ground Retail
208.10
(2,239)
LADBROKES BETTING
& GAMING LIMITED
(CRN 00775667)
t/a Ladbrokes
(1)
5 years from 25/03/2013
£16,100
Holding Over
8 Matilda Street Ground Supermarket
147.16
(1,584)
INDIVIDUAL
t/a Yi Mart Oriental
Supermarket
15 years from 24/07/2013
£16,500
24/07/2018
24/07/2023
(23/07/2028)
(2)
6-8 Matilda Street Frst Restaurant
431.40
(4,643)
INDIVIDUAL
t/a Wong Ting Restaurant
15 years from 29/09/2016
£30,000
29/09/2026
(28/09/2031)
10 Matilda Street Ground
First
Restaurant
58.80
16.90
(632)
(181)
INDIVIDUAL
t/a Brunch & Lunch Cafe
21 years from 01/03/2016
£14,100
29/09/2014
29/09/2022
01/03/2025
(28/02/2037)
(3)
12 Matilda Street Ground
First
Retail
51.98
44.81
(559)
(482)
FORBIDDEN PLANET
(SCOTLAND) LIMITED
t/a Forbidden Planet International
(4)
12 years from 23/05/1998
£12,100
Holding Over
2 Earl Way Ground
First
Restaurant
56.00
51.90
(602)
(558)
INDIVIDUAL
t/a Brendas Fish & Chips
21 years from 29/09/2015
£12,200
29/09/2024
(28/09/2036)
(5)
4 Earl Way Ground Retail
(used as Oriental Supermarket
Store Room)
56.50
(608)
INDIVIDUAL 21 years from 01/01/2009
£7,000
(01/01/2024
(31/12/2030)
Total Approximate
Floor Area
   
1,123
(12,088)
(6)
   
£108,000
 

(1) For the year ending 31/12/2020, Ladbrokes Betting & Gaming Ltd reported a Turnover of £681,252,000, a Pre-Tax Profit of negative £50,454,000 and a Net Worth of £1,072,475,000. (NorthRow 21/06/2022).
(2) As to 8 Matilda Street, the 2018 rent review has not been implemented.
(3) As to 10 Matilda Street, the 2019 and 2022 rent reviews have not been implemented.
(4) Forbidden Planet (Scotland) Limited is the world’s largest and best-known science fiction, fantasy and cult entertainment retailer and the largest UK stockist of the latest comics and graphic novels and was incorporated in 1988. (www.forbiddenplanet.com)
(5) As to 2 Earl Way, the 3rd anniversary rent reviews have not been implemented from the start of the lease.
(6) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    30.06.22
    File Size
    33 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersFrancois Neyerlin 0114 281 2183francois.neyerlin@smcommercial.co.uk
Seller's Solicitors
Bell & Buxton Solicitors Telegraph House, 11-15 High St,
Sheffield City Centre,
Sheffield
S1 2GA
Sam Price 0114 220 2192s.price@bellbuxton.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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