Gladstone Buildings 2, 4 & 6 Church Street and 1, 3 & 5 St James' Row Sheffield S1 2EU

  • Gladstone Buildings<br>2, 4 & 6 Church Street and 1, 3 & 5 St James' Row<br>Sheffield<br>S1 2EU

Gladstone Buildings
2, 4 & 6 Church Street and 1, 3 & 5 St James' Row
Sheffield
S1 2EU

City Centre Retail/Office Investment

  • Tenants include Spring Personnel Ltd, Office Angels Ltd, CBRE Ltd and Aviva Central Services UK Ltd
  • City Centre location
  • Opposite Orchard Square Shopping Centre
  • Nearby occupiers include RBS, Bradford & Bingley, HSBC, TK Maxx and Boots
  • Six Week Completion Period Available
  • Lot
    13
  • Auction
    24th May 2012
  • Rent
    £137,900 per Annum Exclusive
  • Status
    Sold
  • Price
    £910,000
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On the Instructions of Shay Bannon and Mark Shaw of BDO LLP acting as Joint Administrators/ LPA Receivers
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City Centre Retail/Office Investment

  • Tenants include Spring Personnel Ltd, Office Angels Ltd, CBRE Ltd and Aviva Central Services UK Ltd
  • City Centre location
  • Opposite Orchard Square Shopping Centre
  • Nearby occupiers include RBS, Bradford & Bingley, HSBC, TK Maxx and Boots
  • Six Week Completion Period Available
  • Lot 13
  • Auction 24th May 2012
  • Rent £137,900 per Annum Exclusive
  • Status Sold
  • Price £910,000
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On the Instructions of Shay Bannon and Mark Shaw of BDO LLP acting as Joint Administrators/ LPA Receivers

Property Information

Location
Miles
6.5 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1
Rail
Sheffield Railway Station
Air
Doncaster/Sheffield International Airport
Situation

Church Street is situated in the heart of Sheffield city centre and is a direct extension to High Street. The property occupies a dominant position directly opposite Sheffield Cathedral with elevation to Church Street, St James’ Row and St James’ Street. Orchard Square Shopping Centre is opposite the property with other nearby occupiers including RBS, Bradford & Bingley, HSBC, TK Maxx and Boots.

Tenure

Long Leasehold. Held from Sheffield City Council for a term of 125 years until 2109 at a fixed rent reserved of £100 per annum exclusive.

Location
Miles
6.5 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1
Rail
Sheffield Railway Station
Air
Doncaster/Sheffield International Airport
Situation

Church Street is situated in the heart of Sheffield city centre and is a direct extension to High Street. The property occupies a dominant position directly opposite Sheffield Cathedral with elevation to Church Street, St James’ Row and St James’ Street. Orchard Square Shopping Centre is opposite the property with other nearby occupiers including RBS, Bradford & Bingley, HSBC, TK Maxx and Boots.

Tenure

Long Leasehold. Held from Sheffield City Council for a term of 125 years until 2109 at a fixed rent reserved of £100 per annum exclusive.

Description

The property comprises two ground floor retail units with basement storage/ office accommodation and further office accommodation on five upper floors.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mark Symonds Tel: +44 (0)20 7034 4858.


Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

Six Week Completion Period Available

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units with basement storage/ office accommodation and further office accommodation on five upper floors.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mark Symonds Tel: +44 (0)20 7034 4858.


Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

Six Week Completion Period Available

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
Basement
Ground



Storage/Office
Retail
70.88 sq m
41.90 sq m

(763 sq ft)
(451 sq ft)

SPRING PERSONNEL LTD

5 years from 17/09/2010 (4) £35,750 (17/09/2015)
Basement
Ground
Storage/Office
Retail/Ancillary
206.71 sq m
163.79 sq m

(2,225 sq ft)
(1,763 sq ft)
OFFICE ANGELS LTD
5 years from 06/01/2011 (5) £32,500 (06/01/2016)
First Office
252.51 sq m

(2,718 sq ft)
VACANT POSSESSION
   
Second Office
253.25 sq m

(2,726 sq ft)
VACANT POSSESSION
   
Third Office
82.96 sq m

(893 sq ft)
VACANT POSSESSION
   
Third Office
86.86 sq m

(935 sq ft)
SKIPTON BUILDING SOCIETY(1)
25 years from 25/12/1989
until 24/12/2014
£11,750 25/12/2009
(6)
Third Office
80.55 sq m

(867 sq ft)
CBRE LTD (2)
25 years from 01/04/1989
until 31/03/2014
£9,500 01/04/2009
(7)
Fourth Office
171.40 sq m

(1,845 sq ft)
PRINCIPAL LEASEHOLDPROPERTIES LTD
25 years from 29/09/1987 £20,000 (29/09/2012)
Fifth Office
221.39 sq m

(2,383 sq ft)
AVIVA CENTRAL SERVICESUK LTD (3)
25 years from 24/06/1987 £28,500 (28/06/2012)
Totals  
1,632.20 sq m
(17,569 sq ft)
    £138,000  

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mark SymondsMark Symonds +44 (0)20 7034 4858 mark.symonds@acuitus.co.uk
Seller's Solicitors
DLA Piper UK LLP Princes Exchange, Princes Square
Leeds
LS1 4BY
Tim Maddison 0113 369 2455tim.maddison@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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