Comprises three shops, one triple fronted shop and five flats
In the same ownership for circa 50 years
Potential dilapidation/reinstatement claim (1)
VAT free investment
Lot 42
Auction 14th February 2019
Rent £104,050 per Annum Exclusive
Status Sold
Price £910,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
33 miles south of Leeds, 38 miles east of Manchester, 44 miles north of Nottingham
Roads
A57, A61, M1 (junction 33 & 34)
Rail
Sheffield Railway Station
Air
Rood Hood Doncaster/Sheffield Airport
Situation
The major university city of Sheffield is England’s fourth largest city in terms of population and is the principal retailing and commercial centre for South Yorkshire. The property is located in Broomhill, a prosperous mixed commercial/residential suburb, 1.5 miles south-west of Sheffield city centre. The main Sheffield University Campus, Sheffield Hallam
Collegiate Campus and Royal Hallamshire Hospital are all located within 0.5 miles and Sheffield United football stadium is located 1.5 miles to the east. The property is situated on Glossop Road at its junction with Ashgate Road, close to Fulwood Road (A57). The A57 connects Sheffield city centre with Manchester to the west. Occupiers close by include
Costa Coffee, Morrisons, Sainsbury’s, Boots, Balti King and HSBC, amongst others.
Tenure
Freehold.
Location
Miles
33 miles south of Leeds, 38 miles east of Manchester, 44 miles north of Nottingham
Roads
A57, A61, M1 (junction 33 & 34)
Rail
Sheffield Railway Station
Air
Rood Hood Doncaster/Sheffield Airport
Situation
The major university city of Sheffield is England’s fourth largest city in terms of population and is the principal retailing and commercial centre for South Yorkshire. The property is located in Broomhill, a prosperous mixed commercial/residential suburb, 1.5 miles south-west of Sheffield city centre. The main Sheffield University Campus, Sheffield Hallam
Collegiate Campus and Royal Hallamshire Hospital are all located within 0.5 miles and Sheffield United football stadium is located 1.5 miles to the east. The property is situated on Glossop Road at its junction with Ashgate Road, close to Fulwood Road (A57). The A57 connects Sheffield city centre with Manchester to the west. Occupiers close by include
Costa Coffee, Morrisons, Sainsbury’s, Boots, Balti King and HSBC, amongst others.
Tenure
Freehold.
Description
The property comprises an unbroken parade of four ground floor retail units, one of which is a triple fronted unit (Lloyds Bank, not in occupation). The upper floors comprise five self-contained flats, four accessed from Ashgate Road and one from Glossop Road. Four flats comprise three rooms, kitchen and bathroom with No. 487/491 comprising six rooms, kitchen and bathroom. There is a rear yard used for car parking.
VAT
VAT is not applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises an unbroken parade of four ground floor retail units, one of which is a triple fronted unit (Lloyds Bank, not in occupation). The upper floors comprise five self-contained flats, four accessed from Ashgate Road and one from Glossop Road. Four flats comprise three rooms, kitchen and bathroom with No. 487/491 comprising six rooms, kitchen and bathroom. There is a rear yard used for car parking.
VAT
VAT is not applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
483
Ground
Retail
36.8 sq m
(397 sq ft)
INDIVIDUAL t/a Frilly & Gifts
6 years from 01/04/2015
£10,500
2018
483a
First Second
Residential Residential
3 rooms, kitchen & bathroom
INDIVIDUALS
AST expiring 30/06/2019 (2)
£9,360
(2019) (2)
485
Ground Basement
Retail Not inspected
33.6 sq m
(362 sq ft)
INDIVIDUALS
5 years from 14/01/2019
£9,250 (4)
(2024)
485a
First Second
Residential Residential
3 rooms, kitchen & bathroom
INDIVIDUALS
AST expiring 30/07/2019
£9,360
(2019)
487 - 491
Ground Basement
Retail Ancillary
99.7 sq m 80.4 sq m
(1,073 sq ft) (865 sq ft)
LLOYDS BANK PLC (not in occupation) (1)
Term of years expiring 26/03/2024 (1)
£28,000
487a- 491a
First
Second
Residential
Residential
3 rooms, kitchen & bathroom 4 rooms
VACANT
487a
First Second
Residential Residential
3 rooms, kitchen & bathroom
INDIVIDUALS
AST expiring 30/06/2019
£14,040
(2019)
493
Ground
Retail
41 sq m
(441 sq ft)
INDIVIDUALS t/a Galaxy 4
6 years from 05/04/2014
£9,500
(2020)
493a
First Second
Residential Residential
3 rooms, kitchen and bathroom
INDIVIDUALS
AST expiring 30/06/2019 (3)
£14,040
(2019) (3)
Total Commercial
291.5 sq m
(3,138 sq ft) and 5 flats
£104,050 (4)
(1) March 2019 break option exercised. Potential dilapidation and reinstatement claim for which the Vendor has taken no action. (2) AST agreement signed for 1 year for 2019 to 2020 at £9,576. (3) AST agreement signed for 1 year for 2019 to 2020 at £14,040. (4) Rent free period until 14/03/2019.
Contacts
Associate Auctioneers
SMC Chartered Surveyors 54 Campo Lane Sheffield S1 2EG
