Prime Convenience Store Investment For Sale. Units 2, 3 & 4 High Street Shafton Barnsley S72 8WL

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Ferdinand Leonard
5 years ago
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1 Prime Convenience Store Investment For Sale Units 2, 3 & 4 High Street Shafton Barnsley S72 8WL

investment summary 3 ground floor convenience store built late 2006 - early 2007 in Shafton, a former mining community situated approximately 3 miles to the north east of Barnsley town centre 3

2 investment summary 3 ground floor convenience store built late early 2007 in Shafton, a former mining community situated approximately 3 miles to the north east of Barnsley town centre 3 attractive investment opportunity let to the undoubted covenant of Sainsbury s Supermarkets Limited 3 over 6 years unexpired term at the current rent of 49,000 pa 3 upward only rent review in February long leasehold (virtual freehold) interest 3 we are instructed to seek offers in excess of 710,000 (Seven hundred and ten thousand pounds) which reflects a net initial yield of 6.52% based upon purchasers costs of 5.8% and exclusive of VAT

$Bus services run direct to Barnsley, Cudworth, Pontefract and Wakefield. The nearest railway station is in Barnsley and this has excellent transport links to the wider region.$

3 location SITUation The property is located in Shafton, a village which lies just outside of the centre of Barnsley in South Yorkshire. Shafton is situated, approximately three miles north east of Barnsley, nine miles south of Wakefield and 22 miles north of Sheffield. Bus services run direct to Barnsley, Cudworth, Pontefract and Wakefield. The nearest railway station is in Barnsley and this has excellent transport links to the wider region. The A1 (M) Doncaster bypass junction lies approximately 11 miles to the east of the village providing links both north and south. The property is located within Shafton, a former mining community situated approximately three miles to the north east of Barnsley town centre and one mile north of Cudworth. The property is located at the junction of High Street and Highgate Way, occupying a principal position onto Shafton s retail high street. The building is set within a small parade of ground floor retail units fronting High Street and High Gate Way, bounded by residential uses and forms part of the established Manor Grange residential development, constructed approximately eight years ago to provide a mix of residential apartments, semi-detached and detached houses, together with a small number of retail units. The immediate surrounding location is now predominantly residential in nature and lies within close proximity to the nearby schools and other local services such as doctors surgeries and pharmacies.

description accommodation TENANCY area area (SQ FT) (SQ M) Ground retail unit sales/ storage 3,787 351.8 GROSS INTERNAL AREA 3,787 351.8 The building is situated on a site extending to 0.

The property is subject to a single occupational lease to Sainsbury s Supermarkets Limited for a term of 15 years from and including 23 February 2007, at a current rent of 49,000 per annum.

4 description accommodation TENANCY area area (SQ FT) (SQ M) Ground retail unit sales/ storage 3, GROSS INTERNAL AREA 3, The building is situated on a site extending to 0.04 hectares (0.09 acres) excluding common areas. The property is subject to a single occupational lease to Sainsbury s Supermarkets Limited for a term of 15 years from and including 23 February 2007, at a current rent of 49,000 per annum. The lease provides for rent reviews every five years of the term to the higher of market rental value or the passing rent and contains full repairing and insuring covenants. The property provides a ground floor retail unit forming part of a larger L shaped two storey traditional brick building set below a pitched slated tiled roof. The ground floor comprises three retail units which are fully let and residential apartments to the first floor. The property extends in total to sq m, (3,787 sq ft) and incorporates a retail convenience store, together with ancillary storage and staff accommodation. Internally the unit has been fitted by the current tenant to a high quality shop fit-out within the retail area incorporating a suspended ceiling to a height of 2.3m, inset lighting, painted plaster walls and a concrete floor with vinyl floor covering. The property benefits from a shared tarmacadam surfaced car park to the rear, of which 21 car parking spaces are allocated to the current tenant.

Sainsbury s Supermarkets LTd tenure Company Number 03261722 Sainsbury s is the second largest chain of supermarkets in the United Kingdom with a share of the UK supermarket sector of 16.9 per cent.

Sainsbury Supermarkets Limited is a wholly owned subsidiary of J Sainsbury Plc with a D&B rating of 5A1, representing a minimal risk of business failure.

1,114,000 Shareholders Funds 4,860,000 4,667,000 4,659,000 We have been instructed to market the long leasehold interest in the property, which commenced 8 March 2007 for a term of 125 years at an

5 Sainsbury s Supermarkets LTd tenure Company Number Sainsbury s is the second largest chain of supermarkets in the United Kingdom with a share of the UK supermarket sector of 16.9 per cent. The company was founded in 1869 by John James Sainsbury with a shop in Drury Lane and has now grown to include 1103 branches. Sainsbury Supermarkets Limited is a wholly owned subsidiary of J Sainsbury Plc with a D&B rating of 5A1, representing a minimal risk of business failure. A summary of the company s accounts is set out right 15/03/14 16/03/13 17/03/12 ( 000 S) ( 000 S) ( 000 S) Sales turnover 23,919,000 23,290,000 22,288,000 Pre Tax Profit (Loss) 810, ,000 1,114,000 Shareholders Funds 4,860,000 4,667,000 4,659,000 We have been instructed to market the long leasehold interest in the property, which commenced 8 March 2007 for a term of 125 years at an annual rent of 300. The property is also liable for a service charge to cover a proportion of the cost of maintaining common areas including the shared car park and landscaping, and the external structure of the building, which we understand is currently passed directly to the occupational sub tenant. Further details are available on request.

epc The property currently has an EPC rating of C61. Further details, including a copy of the certificate and recommendation report are available on request.

We envisage the sale will be treated as a transfer of a going concern (TOGC). capital allowances Any available will be passed on to the purchaser.

6 epc The property currently has an EPC rating of C61. Further details, including a copy of the certificate and recommendation report are available on request.. vat All prices, rents and other figures in reference to the property are quoted exclusive of VAT at the prevailing rate. We understand the property is elected for VAT. We envisage the sale will be treated as a transfer of a going concern (TOGC). capital allowances Any available will be passed on to the purchaser. proposal We are instructed to seek offers in excess of 710,000 (seven hundred and ten thousand pounds) which reflects a net initial yield of 6.52 per cent based upon purchasers costs of 5.80 per cent, subject to contract and exclusive of VAT. contacts For further information or to arrange a viewing please contact: Guy Cooke Tel: +44 (0) Mob: +44 (0) guy.cooke@bnpparibas.com Tom Swallow Tel: +44 (0) Mob: +44 (0) tom.swallow@bnpparibas.com Misrepresentation Act 1967:BNP Paribas Real Estate Advisory & Property Management UK Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither BNP Paribas Real Estate Advisory & Property Management UK Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Finance Act 2013: Unless otherwise stated all prices and rents are quote exclusive of VAT. The Business Protection from Misleading Marketing Regulations 2008: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. Produced by Sixtyseven Design: subject to contract. Dated OCTOBER 2015

A Petrol Filling Station and Convenience Store Investment

A Petrol Filling Station and Convenience Store Investment Dudley Port Service Station The A461 Dudley Port Tipton West Midlands DY4 7RB 08449 02 03 04 gva.co.uk/7680 Investment Summary Prime freehold petrol