Entirely let to Greggs plc on assignment from Halifax Limited
Prominent corner position on pedestrianised town centre thoroughfare
Located opposite Cascades Shopping Centre
Nearby occupiers include Boots, Halifax, Superdrug, Argos, H.Samuel and NatWest
Six Week Completion Period Available
Lot 36
Auction 14th February 2013
Rent £75,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford International Airport
Situation
The property is situated in a prominent corner location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares, at its junction with Howard Street. The property is located adjacent to the Old Town Hall Centre, and opposite Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill.
Tenure
Freehold.
Location
Miles
8 miles north-east of Sheffield, 33 miles south of Leeds
Roads
A629, A630, M1 (Junction 34)
Rail
Rotherham Central Rail Station
Air
Robin Hood Airport Doncaster Sheffield, Leeds Bradford International Airport
Situation
The property is situated in a prominent corner location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares, at its junction with Howard Street. The property is located adjacent to the Old Town Hall Centre, and opposite Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill.
Tenure
Freehold.
Description
The property is a Grade II listed building comprising a ground floor retail unit with first floor storage and staff accommodation.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a Grade II listed building comprising a ground floor retail unit with first floor storage and staff accommodation.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Storage/Staff Accommodation
175.60 sq m 167.50 sq m
(1,890 sq ft) (1,803 sq ft)
GREGGS PLC (1)
25 years from 25/12/1990 on a full repairing and insuring lease
£75,000
25/12/2015
Totals
343.10 sq m
(3,693 sq ft)
£75,000
(1) For the year ending 31st December,2011, Greggs plc reported a turnover of £701.088m, pre-tax profits of £60.5m and a total net worth of £198.383m. (Source: www.riskdisk.com 15/01/2013)
Contacts
Seller's Solicitors
Katten Muchin Roseman UK LLP 125, Old Broad Street London EC2N 1AR
