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 12th July 2022
Rent Gross: £108,000 per Annum Exclusive
Status Sold
Price £815,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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.
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.
