148 Bradfield Road Hillsborough Sheffield South Yorkshire S6 2BQ

148 Bradfield Road
Hillsborough
Sheffield
South Yorkshire
S6 2BQ

Prominent Freehold Bank Investment

Predominantly let to Lloyds Bank Plc
Lloyds Bank in occupation for over 30 years
September 2019 tenant break option not exercised
2019 Rent Review not yet activated
Includes site with vacant possession
Town centre location with nearby retailers including Boots the Chemist, Greggs, Holland & Barrett, Wilko, Farmfoods, JD Wetherspoon, Specsavers and Superdrug

Lot
16
Auction
24th October 2019
Rent
£41,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Prominent Freehold Bank Investment

Predominantly let to Lloyds Bank Plc
Lloyds Bank in occupation for over 30 years
September 2019 tenant break option not exercised
2019 Rent Review not yet activated
Includes site with vacant possession
Town centre location with nearby retailers including Boots the Chemist, Greggs, Holland & Barrett, Wilko, Farmfoods, JD Wetherspoon, Specsavers and Superdrug

Lot 16
Auction 24th October 2019
Rent £41,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 2 miles north-west of Sheffield city centre
Roads: A61 (Penistone Road), A630, M1
Rail: Hillsborough Train Station
Air: Doncaster Sheffield Airport

Situation

The property is located in Hillsborough, two miles north-west of Sheffield city centre, on the north side of the busy Bradfield Road, close to its junction with Hawksley Avenue. The property is almost adjacent to The Hillsborough Centre, Hillsborough's main retailing facility with occupiers including Boots the Chemist, Greggs and Holland & Barrett. Other nearby occupiers include Wilko, Farmfoods, JD Wetherspoon, Specsavers and Superdrug.

Tenure

Freehold.

Location

Miles: 2 miles north-west of Sheffield city centre
Roads: A61 (Penistone Road), A630, M1
Rail: Hillsborough Train Station
Air: Doncaster Sheffield Airport

Situation

Tenure

Freehold.

Description

The property comprises a large ground floor banking hall benefiting from an extensive frontage to Bradfield Road. There is parking to the rear of the property and Lloyds has the right to park two vehicles, but these spaces are not within either tenant's demise. Part of the ground floor fronting Bradfield Road along with the upper floors are let on a long lease.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Banking Hall/ Ancillary	392.70 sq m	(4,227 sq ft)	LLOYDS BANK PLC (1)	10 years from 10/09/2014 until 09/09/2024	£40,000	10/09/2019 (outstanding)
Part Ground First Second	Residential	-	(-)	J HOLMES INVESTMENT LIMITED	400 years from 03/10/2014	£1,000
Total		392.70 sq m	(4,227 sq ft)			£41,000

(1) For the year ending 31st December 2018, Lloyds Bank Plc reported pre-tax profits of £4,929,000,000 and a total net worth of £36,484,000,000 (Source: Experian Group 24/09/2019).