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Lot 5

(GROSS YIELD 8.2%)
6 Week completion

SITUATION

Occupying a prominent trading position, backing on to the Dinnginton Interchange, opposite the Nottingham Building Society and amongst other such multiples as William Hill, Pound Stretcher, NatWest, HSBC, Your Move, Reeds Rains as well as being nearby both a Tesco Superstore and an Aldi.
Dinnington is a South Yorkshire town located 10 miles east of Sheffield and 10 miles south of Doncaster benefiting from good road links via the A57 which links with the M1 (Junction 31) approx. 3 miles to the west.

PROPERTY

An end of terrace building comprising a Deep Ground Floor Shop benefitting from use of a side service road for unloading.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 18'1”
Internal Width 17'1”
Shop Depth 94'7”
Built Depth 119'10”
Sales Area Approx. 1,590 sq ft
Store Area Approx. 390 sq ft
WC

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease (by way of service charge) to Superdrug Stores Plc (having 800 branches) (T/O for Y/E 26/12/15 £1.1bn, Pre-Tax Profit £56.8m and Shareholders' Funds £192.7m) for a term of 5 years from 24th June 2016 (renewal of a previous lease) at a current rent of £17,250 per annum exclusive.

*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 £1,500 including 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.

Unit 2, 58 Laughton Road, Dinnington, South Yorkshire S25 2PS