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Buzz Bingo Burnley, Aldwarke Lane, Rotherham, South Yorkshire, S65

Offers in Excess of
£2,410,000

£72.20 per sq ft

Business rates & charges may apply

CBRE Ltd, London (Licensed, Leisure & Hotel Property)
SIZE AVAILABLE

33,380 sq ft

3,101 sq m

SECTOR

Leisure facility for sale

Key features

  • Prime Freehold Leisure Investment let to Buzz Group Ltd
  • Excellent location situated by Parkgate Shopping Centre and in close proximity to the A630.
  • FRI Lease to Buzz Group Ltd. Unexpired term of 15.25 years. Expiry 18th December 2039
  • Current rent of £256,993 p.a. (£7.70 psf). Annual December RPI uplifts collared and capped at 1% and 4%
  • Significant development potential for a drive-thru in the overflow parking (subject to negotiating terms for a deed of variation with the tenant and planning consent)
  • The property extends 33,380 sq ft (3,101sq m) on a 3.16 acre (1.28 hectares) site

Description

LOCATION
The property is prominently located 1.5 miles northeast of Rotherham town centre on Alderwarke Lane (A6123), just off the Fitzwilliam Road (A630). The A630 is the main road through Rotherham, connecting Rotherham with Sheffield and the M1 to the southwest and Doncaster and the A1 to the northeast. The location is well-served by public transport, with the popular X3 bus stopping immediately outside and Rotherham Train Station provides access to national rail services. There is also ample parking immediately outside.

SITUATION
Buzz Bingo Rotherham is immediately surrounded by a mix of retail warehouses, light industrial and an ASDA superstore. The property is within close proximity to Parkgate Shopping Park to the west, which hosts major retailers such as Morrisons, Pets at Home and Boots. To the south of the property is residential housing, offering a steady flow of potential customers.

PROPERTY DESCRIPTION
A modern, purpose-built bingo club of steel frame construction that extends 33,380 sq ft on a 3.16 acre site. Internally, there is an AWP area and large bingo hall with bar and diner. There is dedicated, on-site customer parking with capacity for 144 vehicles.

ASSET MANAGEMENT OPPORTUNITY
The freeholder has been approached by a drive-thru operator about the opportunity of incorporating a pod on the overflow carpark. Further details can be provided upon request. Any deal would be (subject to negotiating terms for a deed for variation with the tenant and planning consent).

Brochures

Buzz Bingo Burnley, Aldwarke Lane, Rotherham, South Yorkshire, S65

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Rotherham Central Station1.7 miles
  • Swinton (S. Yorks.) Station3.1 miles
  • Mexborough Station3.6 miles

About CBRE Ltd, London (Licensed, Leisure & Hotel Property)

Henrietta House Henrietta Place, London, W1G 0NB

With an integrated network of over 300 wholly owned offices in more than 50 countries, our commercial property consultants advise more clients globally than any other commercial property adviser.

We work with occupiers, investors and developers of office, industrial, residential, retail and hotel property, providing strategic advice and execution for sales and leasing; tenant representation; corporate services; facilities, property and project management; appraisal and valuation; development services; investment management; energy and sustainability services, and research and consulting. To provide this service in the UK alone we have approximately 1,600 people with offices in Aberdeen, Belfast, Birmingham, Bristol, Edinburgh, Glasgow, Jersey, Leeds, Liverpool, London, Manchester, Sheffield and Southampton.

Notes

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