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Lot 28

Gross Yield 12.1%
6 Week Completion

Situation

Located in the town's main pedestrianised retail thoroughfare adjacent to British Heart Foundation and Cash Generator, opposite Coral and amongst such multiples as Bonmarché, William Hill and Argos, Subway, Adecco, Bright House, Yorkshire Bank and the Rotherham Interchange which hosts such multiples as Greggs, New Look and Holland & Barrett.
Rotherham is a major commercial centre in South Yorkshire lying approx. 6 miles north-east of Sheffield and enjoying excellent road access via the M1 (Junction 33) and the M18 (Junction 1).

Property

A mid-terrace building comprising a Ground Floor Shop with internal access to Ancillary Store at mezzanine and first floor level.

Accommodation

Ground Floor Shop
Gross Frontage 19'6”
Internal Width 16'4”
Shop Depth 56'9”
Built Depth 60'6”
WC
Mezzanine Ancillary Store
Area Approx 90 sq ft
First Floor Ancillary Store
Area Approx 730 sq ft

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Arthritis Research UK for a term of 10 years from 23rd December 2011 at a current rent of £26,000 per annum exclusive.

Rent Review December 2016 (Outstanding).

Note 1: The Tenant did not operate their 2016 Break Clause.

Note 2: The property has been sub-let to Sense, The National Deafblind & Rubella Association (having over 100 branches).

*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.

9 Frederick Street, Cascades Centre, Rotherham, South Yorkshire S60 1QN