For Sale - Bilfinger GVA
For Sale
On behalf of G B Judd, Joint LPA Receiver
31 & 33 Bridge Street Worksop S80 1DA
Freehold Investment Opportunity
For further information contact:
• Prominent high street retail investment opportunity • Part let to William Hill Organization Ltd until August 2030 at a gross rent of £38,500 p.a. • Excellent covenant strength with Creditsafe rating A
Toby O’Sullivan T: 0121 609 8084 E: toby.o’[email protected] Ben Holyhead T: 0121 609 8807 E: [email protected]
• Vacant offices to upper floors with potential for change of use to residential accommodation S.T.P • Excellent asset management potential • Unconditional offers invited
08449 02 03 04
gva.co.uk/9692
Location
Tenancy
Located in Worksop town centre and situated on Bridge Street, a pedestrianised road, a short distance from the Priory Shopping Centre.
Part of the ground floor is let to William Hill Organization Limited on an Internal Repairing and Insuring basis. Please see tenancy schedule below for more detail.
Local occupiers include Santander, Co-op Travel, Betfred, Poundstretcher and Yorkshire Bank. Sheffield, Nottingham and Lincoln approximately 19, 28 and 29 miles respectively from the subject property. A location map, OS plan and GOAD map are attached.
Description Comprises an end of terrace, high street retail unit with vacant dilapidated offices to the upper floors. The upper floors require complete refurbishment / renovation. There is single storey, dilapidated storage accommodation to the rear. Additional photographs are available upon request. The property is of traditional red brick construction beneath a part pitched, part flat roof with recessed glazed frontage to Bridge Street. The ground floor retail unit is part occupied with the remainder of the property being vacant. The upper floors and rear storage areas are accessed via independent entrances to the side of the property. EPC Information: Ground floor retail: D All other areas: G
Floor Areas We understand the total floor area of the entire property is approximately 828.81 sq. m. (8,921 sq. ft.) G.I.A. Please see tenancy schedule below for more detail.
William Hill Organization Ltd occupy approximately 120.49 sq. m. (1,297 sq. ft.) N.I.A. of their total demised area. A copy of the lease is available upon request.
Covenant Creditsafe provide a rating of 83/100 “A” for William Hill Organization Ltd which represents a very low risk of business failure. William Hill Organization Limited reported a turnover of £895,275,000, a pre-tax profit of £284,209,000 and shareholder capital of £146,499,000 for the year ended 30th December 2014.
Planning We understand the property has planning consent for its existing uses. Planning permission was granted in September 2007 for the change of use of the first floor and loft space to form 3 separate flats and, erect a two storey extension including new stairwell to the side elevation (ref: 02/07/00415). Interested parties should rely on their own enquiries with Bassetlaw District Council (Tel: 01909 533 491).
Rating Assessment 31 Bridge Street Billing Authority: Description: Rateable Value:
Bassetlaw Offices and Premises £9,100
33 Bridge Street Billing Authority: Description: Rateable Value:
Bassetlaw Shop and Premises £39,000
The current Uniform Business Rate is 49.3p in the £.
Services
VAT
We understand services are available to the property however none have been tested. Interested parties should rely on their own enquiries.
All prices are quoted exclusive of any VAT liability.
Tenure
For further information, please contact:
We understand the property outlined red on the attached plan (for identification purposes only) is held freehold.
Asking Price Unconditional offers invited.
Each party is to bear their own legal costs.
Toby O’Sullivan T: 0121 609 8084 E: toby.o’[email protected] Ben Holyhead T: 0121 609 8807 E: [email protected] Subject to Contract – GBJ\TO\01B601475
PoweredbyTCPDF(wwwct.pdo .frg)
Copyright and confidentiality Experian, 2016. © Crown copyright and database rights 2016. OS 100019885
50 metres
Worksop
For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011
Experian Goad Plan Created: 16/02/2016 Created By: GVA
London Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool Manchester Newcastle Published by Bilfinger GVA 65 Gresham Street, London EC2V 7NQ. ©2015 Copyright Bilfinger GVA Bilfinger GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide Limited, an independent partnership of property advisers operating globally. Bilfinger GVA is a Bilfinger Real Estate company.
08449 02 03 04
gva.co.uk/9692 Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
On behalf of G B Judd, Joint LPA Receiver
31 & 33 Bridge Street Worksop S80 1DA
Freehold Investment Opportunity
For further information contact:
• Prominent high street retail investment opportunity • Part let to William Hill Organization Ltd until August 2030 at a gross rent of £38,500 p.a. • Excellent covenant strength with Creditsafe rating A
Toby O’Sullivan T: 0121 609 8084 E: toby.o’[email protected] Ben Holyhead T: 0121 609 8807 E: [email protected]
• Vacant offices to upper floors with potential for change of use to residential accommodation S.T.P • Excellent asset management potential • Unconditional offers invited
08449 02 03 04
gva.co.uk/9692
Location
Tenancy
Located in Worksop town centre and situated on Bridge Street, a pedestrianised road, a short distance from the Priory Shopping Centre.
Part of the ground floor is let to William Hill Organization Limited on an Internal Repairing and Insuring basis. Please see tenancy schedule below for more detail.
Local occupiers include Santander, Co-op Travel, Betfred, Poundstretcher and Yorkshire Bank. Sheffield, Nottingham and Lincoln approximately 19, 28 and 29 miles respectively from the subject property. A location map, OS plan and GOAD map are attached.
Description Comprises an end of terrace, high street retail unit with vacant dilapidated offices to the upper floors. The upper floors require complete refurbishment / renovation. There is single storey, dilapidated storage accommodation to the rear. Additional photographs are available upon request. The property is of traditional red brick construction beneath a part pitched, part flat roof with recessed glazed frontage to Bridge Street. The ground floor retail unit is part occupied with the remainder of the property being vacant. The upper floors and rear storage areas are accessed via independent entrances to the side of the property. EPC Information: Ground floor retail: D All other areas: G
Floor Areas We understand the total floor area of the entire property is approximately 828.81 sq. m. (8,921 sq. ft.) G.I.A. Please see tenancy schedule below for more detail.
William Hill Organization Ltd occupy approximately 120.49 sq. m. (1,297 sq. ft.) N.I.A. of their total demised area. A copy of the lease is available upon request.
Covenant Creditsafe provide a rating of 83/100 “A” for William Hill Organization Ltd which represents a very low risk of business failure. William Hill Organization Limited reported a turnover of £895,275,000, a pre-tax profit of £284,209,000 and shareholder capital of £146,499,000 for the year ended 30th December 2014.
Planning We understand the property has planning consent for its existing uses. Planning permission was granted in September 2007 for the change of use of the first floor and loft space to form 3 separate flats and, erect a two storey extension including new stairwell to the side elevation (ref: 02/07/00415). Interested parties should rely on their own enquiries with Bassetlaw District Council (Tel: 01909 533 491).
Rating Assessment 31 Bridge Street Billing Authority: Description: Rateable Value:
Bassetlaw Offices and Premises £9,100
33 Bridge Street Billing Authority: Description: Rateable Value:
Bassetlaw Shop and Premises £39,000
The current Uniform Business Rate is 49.3p in the £.
Services
VAT
We understand services are available to the property however none have been tested. Interested parties should rely on their own enquiries.
All prices are quoted exclusive of any VAT liability.
Tenure
For further information, please contact:
We understand the property outlined red on the attached plan (for identification purposes only) is held freehold.
Asking Price Unconditional offers invited.
Each party is to bear their own legal costs.
Toby O’Sullivan T: 0121 609 8084 E: toby.o’[email protected] Ben Holyhead T: 0121 609 8807 E: [email protected] Subject to Contract – GBJ\TO\01B601475
PoweredbyTCPDF(wwwct.pdo .frg)
Copyright and confidentiality Experian, 2016. © Crown copyright and database rights 2016. OS 100019885
50 metres
Worksop
For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011
Experian Goad Plan Created: 16/02/2016 Created By: GVA
London Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool Manchester Newcastle Published by Bilfinger GVA 65 Gresham Street, London EC2V 7NQ. ©2015 Copyright Bilfinger GVA Bilfinger GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide Limited, an independent partnership of property advisers operating globally. Bilfinger GVA is a Bilfinger Real Estate company.
08449 02 03 04
gva.co.uk/9692 Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
