Let to Foodplus Ltd - a Polish supermarket franchisee
5-year lease renewal expiring March 2027 (No breaks)
Tenant in occupation since 2017
Approximately 5,752 sq ft
Prominent pedestrianised town centre location
Nearby occupiers include Tesco Extra, B&M, Home Bargains, McDonald's, Greggs, Subway and a JD Wetherspoon
Lot 43
Auction 9th July 2024
Rent £30,000 per Annum Exclusive
Status Sold
Price £250,000
Sector Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles north-east of Sheffield, 27 miles south of Leeds
Roads
A630, A692, M1 (Junction 34)
Rail
Rotherham Central Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in the heart of the town centre, on the north side of the pedestrianised All Saints Square. Nearby occupiers include Tesco Extra, B&M, Home Bargains, McDonald's, Greggs, Subway and a JD Wetherspoon.
Tenure
Long Leasehold. Majority held Long Leasehold for a term of 999 years from 21/03/1921 from Rotherham Metropolitan Borough Council at a ground rent of £30 p.a. A large part of the property to the rear is held Freehold - please see legal pack.
Location
Miles
8 miles north-east of Sheffield, 27 miles south of Leeds
Roads
A630, A692, M1 (Junction 34)
Rail
Rotherham Central Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently situated in the heart of the town centre, on the north side of the pedestrianised All Saints Square. Nearby occupiers include Tesco Extra, B&M, Home Bargains, McDonald's, Greggs, Subway and a JD Wetherspoon.
Tenure
Long Leasehold. Majority held Long Leasehold for a term of 999 years from 21/03/1921 from Rotherham Metropolitan Borough Council at a ground rent of £30 p.a. A large part of the property to the rear is held Freehold - please see legal pack.
Description
The property comprises a supermarket arranged on the ground, basement and mezzanine floors.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a supermarket arranged on the ground, basement and mezzanine floors.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground Basement Mezzanine
Supermarket/Ancillary Ancillary Office/Ancillary
347.30 168.70 18.50
(3,738) (1,815) (199)
FOODPLUS LTD (2)
5 years from 02/03/2022 on a full repairing and insuring lease
£30,000
Total
534.50
(5,752)
£30,000
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Foodplus Ltd is a Polish supermarket franchise that trade from other locations in the UK including Manchester, Leeds, Sheffield, Doncaster, Wigan, and also operate stores in Wales, Scotland, Germany and the Netherlands (www.foodplus.eu).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
