Withdrawn

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Second Quarter rent paid (March - May 2020), no arrears

Prominent freehold building (25,833 sq ft, source EPC) let to Mecca Bingo Ltd producing £125,950 + VAT pa, development potential.

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Description/Location

Occupying a prime town centre site of 0.35 acres, adjacent to Forge Island regeneration zone. The building comprises extensive leisure and ancillary space across 3 floors, Rotherham Central Station is within 150m, nearby operators include Wilco, Barclays Bank and McDonalds. Let for 15 years from 10/07/2006 on FRi terms, the lease is subject to a schedule of condition and a tenant option to extend.

VAT IS APPLICABLE TO THIS LOT (OPTION TO TAX)

Tenure

Freehold

Local Authority

Rotherham Metropolitan Borough Council

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Lower Ground: Leisure, 960 sq ftGround: Leisure, 12,739 sq ftMezzanine: Ancillary, 2536 sq ftFirst: Leisure, 9545 sq ft. Energy Rating: C/73

Rent

£125,950 + VAT

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.