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Lot 9 Click here for addendum

GROSS YIELD 9.15%
let to william hill until 2025 (No breaks)

SITUATION

Located in this mixed residential and commercial area, approx. 1½ miles north-west of Rotherham town centre and amongst nearby multiples such as a Co-op convenience Store, a Post Office, Premier Express as well as other local retailers.
Rotherham is a major commercial centre in South Yorkshire lying approx. 6 miles north-east of Sheffield.

PROPERTY

An end of terrace building forming part of a parade comprising a Large Ground Floor Shop with separate rear access to a Basement as well as a Large Rear Building (not used) which stretches behind the parade. In addition, the property includes a roller shutter door leading on to Bower Close.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 25'4"
Internal Width 23'10"
Shop Depth 66'4"
Built Depth 74'7"
Shop Area Approx. 1,570 sq ft
3 WCs
Rear Building Area Approx. 1,460 sq ft
Basement Area Approx. 1,110 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to William Hill Organization Ltd (having over 2,300 branches) (T/O for Y/E 29/12/15 £873.9m, Pre-Tax Profit £246.4m and Shareholders’ Funds £206.9m) for a term of 20 years from 15th July 2005 at a current rent of £21,000 per annum exclusive.

Rent Review 2020

Note 1: The Tenant did not operate the 2015 Break Clause

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

4 Ox Close Avenue, Rotherham, South Yorkshire S61 3QY