18-30 Chapel Walk Sheffield South Yorkshire S1 2PD

18-30 Chapel Walk
Sheffield
South Yorkshire
S1 2PD

High Yielding Long Leasehold Parade Investment

Comprises parade of five shops
All shops let in 2022 at modest rents
Includes a African food shop, a hairdresser, a piercing & jewellery shop and a bookshop
Popular thoroughfare behind Marks & Spencer
Other nearby occupiers include H&M, Superdrug, WHSmith, Caffé Nero, Boots the Chemist, McDonalds and soon to open Tesco Express

Lot
24
Auction
16th February 2023
Rent
£52,800 per Annum Exclusive
Status
Sold
Price
£375,000
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

High Yielding Long Leasehold Parade Investment

Comprises parade of five shops
All shops let in 2022 at modest rents
Includes a African food shop, a hairdresser, a piercing & jewellery shop and a bookshop
Popular thoroughfare behind Marks & Spencer
Other nearby occupiers include H&M, Superdrug, WHSmith, Caffé Nero, Boots the Chemist, McDonalds and soon to open Tesco Express

Lot 24
Auction 16th February 2023
Rent £52,800 per Annum Exclusive
Status Sold
Price £375,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 33 miles south of Leeds, 38 miles east of Manchester
Roads: A57, A61, A631, M1
Rail: Sheffield Railway Station
Air: Sheffield Robin Hood Airport, Manchester International Airport

Situation

The property is situated on Chapel Walk between the eastern side of the prime pedestrianised retail thoroughfare of Fargate and the west side of Norfolk Street, opposite the Crucible Theatre. Nearby occupiers include Marks & Spencer, H&M, Superdrug, WHSmith, Caffé Nero, Boots the Chemist, McDonalds and a soon to open Tesco Express.

Tenure

Long Leasehold. for a term of 250 years from 06/08/2018 at a peppercorn rent.

Location

Miles: 33 miles south of Leeds, 38 miles east of Manchester
Roads: A57, A61, A631, M1
Rail: Sheffield Railway Station
Air: Sheffield Robin Hood Airport, Manchester International Airport

Situation

Tenure

Long Leasehold. for a term of 250 years from 06/08/2018 at a peppercorn rent.

Description

The property comprises 5 shops each comprising retail accommodation on the ground floor only, except for 30 Chapel Walk which comprises a ground and first floor shop. In addition, there is vacant accommodation, with a separate entrance to the rear of the property arranged on the ground floor and basement.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
18	Ground	Retail/Ancillary	29.90	(322)	R. BAHADAR (a hairdresser) (1)	5 years from 07/10/2022 (1)	£10,800
20	Ground	Retail/Ancillary	27.30	(294)	ZAONMART LIMITED (t/a Zaonmart/African Foods) (2)	Approx. 3 years from 01/07/2022 until 31/05/2025	£10,000
22	Ground	Retail/Ancillary	26.35	(284)	SILVER LINING SHEFFIELD LTD (t/a Silver Lining Sheffield) (3)	6 years from 01/07/2022 (3)	£10,000
24	Ground	Retail/Ancillary	28.50	(307)	JUNO BOOKS LTD (t/a Juno Books) (4)	3 years from 01/08/2022	£10,000
30	Ground First	Retail/Ancillary Ancillary	20.53 18.95	(221) (204)	H. CARVALHO (t/a Fluffle Alternative Fashion) (5)	3 years from 12/08/2022	£12,000
18-24	Rear Ground/Basement	Retail/Ancillary	209.75	(2,258)	VACANT	-	-
Total			304.08	(3,274)			£52,800

(1) The lease is subject to a mutual option to determine on or after 06/10/2025
(2) www.zaonmart.co.uk - An independent African supermarket that offers delivery service all across the UK
(3) www.silverliningstore.com - an independent Jewellers that have been trading for over 20 years and currently trade in over 7 locations across the UK . The lease is subject to a tenant only option to determine on or after 30/06/2025
(4) www.junobooks.co.uk - An independent bookshop
(5) www.blacktourmaline.co.uk - Fluffy Alternative Fashion is an independent clothes shop specialising in alternative fashion

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.