(four hundred & ten thousand pounds) FREEHOLD RETAIL ...
FREEHOLD RETAIL INVESTMENT FOR SALE High Street, Bentley, Doncaster, DN5 0AA
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Opening August 2014
PRICE £410,000 (four hundred & ten thousand pounds) ACCOMMODATION - 3,000sqft ground floor retail space LEASE - 15yr lease to HERON FOODS Ltd (from 01/03/2014) with a break on 08/01/2024 RENT - £32,000pa
New Build Unit n Strong tenant covenant n CREDIT SAFE RATING for Heron Foods Ltd - Low Risk n Net Initial Yield - 7.45% (allows for purchaser’s costs of 4.8%) n
Location Bentley is a suburban town approx one mile north east of Doncaster. The property is situated in the heart of the retail centre of Bentley on the main High Street. Other retailers include Tesco Express, and Premier convenience store. Description & Areas The property was constructed in 2014 and comprises an ‘L’ shaped detached, new-build, retail unit with frontage onto the main High Street. The property comprises a single storey, brick built unit with a pitched roof in keeping with the other properties in the area. There is extensive parking to the rear in the car park of Old Hall Road, currently used by all the customers of the High Street shops. Unit 1
A1 Retail
3,000 sqft
Total
3,000 sqft
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THE PROPERTY
Tenancy & Covenant Strength HERON FOODS Ltd (company no. 01392197) GBP £000
29/12/2012
31/12/2011
25/12/2010
Turnover
£194,704
£164,877
£148,181
Pre Tax Profit
£4,816
£8,104
£7,053
Net Worth
£21,325
£30,030
£24,681
The property is let on a new full repairing, 15yr lease from 01/03/2014 to Heron Foods Ltd. Heron have 5yrly, upwards only rent reviews at an initial rental of £32,000pa and a break clause on 08/01/2024 VAT VAT will be charged on the sale. It is believed that the sale will be treated as a transfer of a going concern. EPC EPC is available on request.
For further information contact: Roger Haworth: Partner T: 0114 270 9162 E: [email protected]
MISDESCRIPTIONS ACT 1967 AND PROPERTY MISDESCRIPTIONS ACT 1991 These particulars shall not form part of any off er or contract and no guarantee is given to the condition of the property or the accuracy of this description. Any intending purchaser or tenant is not to rely on any representation made in these particulars and must satisfy themselves as to their own investigations before entering into any contract. August 2014
>>
Opening August 2014
PRICE £410,000 (four hundred & ten thousand pounds) ACCOMMODATION - 3,000sqft ground floor retail space LEASE - 15yr lease to HERON FOODS Ltd (from 01/03/2014) with a break on 08/01/2024 RENT - £32,000pa
New Build Unit n Strong tenant covenant n CREDIT SAFE RATING for Heron Foods Ltd - Low Risk n Net Initial Yield - 7.45% (allows for purchaser’s costs of 4.8%) n
Location Bentley is a suburban town approx one mile north east of Doncaster. The property is situated in the heart of the retail centre of Bentley on the main High Street. Other retailers include Tesco Express, and Premier convenience store. Description & Areas The property was constructed in 2014 and comprises an ‘L’ shaped detached, new-build, retail unit with frontage onto the main High Street. The property comprises a single storey, brick built unit with a pitched roof in keeping with the other properties in the area. There is extensive parking to the rear in the car park of Old Hall Road, currently used by all the customers of the High Street shops. Unit 1
A1 Retail
3,000 sqft
Total
3,000 sqft
>>
THE PROPERTY
Tenancy & Covenant Strength HERON FOODS Ltd (company no. 01392197) GBP £000
29/12/2012
31/12/2011
25/12/2010
Turnover
£194,704
£164,877
£148,181
Pre Tax Profit
£4,816
£8,104
£7,053
Net Worth
£21,325
£30,030
£24,681
The property is let on a new full repairing, 15yr lease from 01/03/2014 to Heron Foods Ltd. Heron have 5yrly, upwards only rent reviews at an initial rental of £32,000pa and a break clause on 08/01/2024 VAT VAT will be charged on the sale. It is believed that the sale will be treated as a transfer of a going concern. EPC EPC is available on request.
For further information contact: Roger Haworth: Partner T: 0114 270 9162 E: [email protected]
MISDESCRIPTIONS ACT 1967 AND PROPERTY MISDESCRIPTIONS ACT 1991 These particulars shall not form part of any off er or contract and no guarantee is given to the condition of the property or the accuracy of this description. Any intending purchaser or tenant is not to rely on any representation made in these particulars and must satisfy themselves as to their own investigations before entering into any contract. August 2014
