53 Laughton Road, Dinnington, S25 2PN
53 Laughton Road, Dinnington, S25 2PN Freehold Retail Investment For Sale
53 Laughton Road, Dinnington, S25 2PN
Investment Summary • Self contained, retail premises, totalling 5,085 sq ft • Prominent high street location • Current rent of £30,000 per annum • Let to Heron Foods Limited until 03/01/2021 • Asset management and potential redevelopment opportunities • Seeking offers in excess of £335,000 exclusive • A purchase at this level reflects a NIY of 8.63% after allowing for purchasers costs of 1.8% and SDLT of £6,250 as per the recent change in legislation
53 Laughton Road, Dinnington, S25 2PN
Location The Property
Dinnington is a town within the Metropolitan Borough of Rotherham, close to the border of Nottinghamshire. Rotherham Town Centre is located 9 miles to the North East, whilst Worksop Town Centre is located 6 miles to the South West. Sheffield City Centre is located 14 miles to the West. Junction 31 of the M1 is located within 4 miles to the South West. The subject premises are situated in the centre of Dinnington’s main retail parade, Laughton Road, opposite the main Market Hall and adjacent to occupiers including William Hill, Superdrug and The Nottingham Building Society.
Description The property comprises a single storey retail property, with access down the side elevation to a private car park and loading area to the rear. The building is of brick construction with a flat roof.
Tenancy Tenant Heron Foods Limited
Size
Annual Rent
Lease Start
Lease Expiry (Break)
5,058 sq ft
£30,000 pa
04/01/2011
03/01/2021 (no break)
According to the 2015 accounts, Heron Foods Limited has a turnover of £255m and Net Assets of £33.2m and a post-tax profit of £1.3m.
53 Laughton Road, Dinnington, S25 2PN
Tenure
Further Information
Freehold.
For further information regarding leases, titles and viewing arrangements please contact the sole retained agent:
VAT The property has been elected for VAT.
Proposal
Rob Darrington MRICS: Partner DDI: +44 (0) 114 270 9163 M:
+44 (0) 7506 119 770
E:
[email protected]
W:
www.cppartners.co.uk
Offers are sought in excess of £335,000 (three hundred and thirty five thousand pounds) subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 8.63% (after allowing for purchasers costs of 1.8% and SDLT of £6,250 as per the recent change in legislation).
MISREPRESENTATION ACT These particulars do not constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permission for use and occupation and other details contained herein are for general guidance only and prospective purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves as to their accuracy. Neither Commercial Property Partners, nor its employees or representatives have any authority to make or give any representation or warranty or enter into any contract in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function and prospective tenants/purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Prices/rents quoted in these particulars may be subject to VAT in addition. a) These particulars were prepared from preliminary plans and specifications before the completion of the properties and are intended only as a guide. They may have been changed during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the plans and specifications attached to their contract. b) We have not made any investigations into the existence or otherwise of any issues concerning pollution of land, air or water contamination and the purchaser is responsible for making his own enquiries in this regard. Designed and produced by www.thedesignexchange.co.uk Tel: 01943 604500. April 2016.
53 Laughton Road, Dinnington, S25 2PN
Investment Summary • Self contained, retail premises, totalling 5,085 sq ft • Prominent high street location • Current rent of £30,000 per annum • Let to Heron Foods Limited until 03/01/2021 • Asset management and potential redevelopment opportunities • Seeking offers in excess of £335,000 exclusive • A purchase at this level reflects a NIY of 8.63% after allowing for purchasers costs of 1.8% and SDLT of £6,250 as per the recent change in legislation
53 Laughton Road, Dinnington, S25 2PN
Location The Property
Dinnington is a town within the Metropolitan Borough of Rotherham, close to the border of Nottinghamshire. Rotherham Town Centre is located 9 miles to the North East, whilst Worksop Town Centre is located 6 miles to the South West. Sheffield City Centre is located 14 miles to the West. Junction 31 of the M1 is located within 4 miles to the South West. The subject premises are situated in the centre of Dinnington’s main retail parade, Laughton Road, opposite the main Market Hall and adjacent to occupiers including William Hill, Superdrug and The Nottingham Building Society.
Description The property comprises a single storey retail property, with access down the side elevation to a private car park and loading area to the rear. The building is of brick construction with a flat roof.
Tenancy Tenant Heron Foods Limited
Size
Annual Rent
Lease Start
Lease Expiry (Break)
5,058 sq ft
£30,000 pa
04/01/2011
03/01/2021 (no break)
According to the 2015 accounts, Heron Foods Limited has a turnover of £255m and Net Assets of £33.2m and a post-tax profit of £1.3m.
53 Laughton Road, Dinnington, S25 2PN
Tenure
Further Information
Freehold.
For further information regarding leases, titles and viewing arrangements please contact the sole retained agent:
VAT The property has been elected for VAT.
Proposal
Rob Darrington MRICS: Partner DDI: +44 (0) 114 270 9163 M:
+44 (0) 7506 119 770
E:
[email protected]
W:
www.cppartners.co.uk
Offers are sought in excess of £335,000 (three hundred and thirty five thousand pounds) subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 8.63% (after allowing for purchasers costs of 1.8% and SDLT of £6,250 as per the recent change in legislation).
MISREPRESENTATION ACT These particulars do not constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permission for use and occupation and other details contained herein are for general guidance only and prospective purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves as to their accuracy. Neither Commercial Property Partners, nor its employees or representatives have any authority to make or give any representation or warranty or enter into any contract in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function and prospective tenants/purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Prices/rents quoted in these particulars may be subject to VAT in addition. a) These particulars were prepared from preliminary plans and specifications before the completion of the properties and are intended only as a guide. They may have been changed during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the plans and specifications attached to their contract. b) We have not made any investigations into the existence or otherwise of any issues concerning pollution of land, air or water contamination and the purchaser is responsible for making his own enquiries in this regard. Designed and produced by www.thedesignexchange.co.uk Tel: 01943 604500. April 2016.
