Lloyds Bank Chambers 8-16 Church Street & 9 James Street Sheffield Yorkshire S1 1HP

Lloyds Bank Chambers
8-16 Church Street & 9 James Street
Sheffield
Yorkshire
S1 1HP

Freehold Bank, Retail & Office Investment

Entirely let to Lloyds TSB Bank plc
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
25
Auction
24th May 2012
Rent
£237,500 per Annum Exclusive
Status
Sold Post
Price
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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Freehold Bank, Retail & Office Investment

Entirely let to Lloyds TSB Bank plc
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 25
Auction 24th May 2012
Rent £237,500 per Annum Exclusive
Status Sold Post
Price
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 is predominantly on the north side of Church Street and extends back to St James’ Street where it benefits from rear access. Orchard Square Shopping Centre is opposite the property with other nearby occupiers including RBS, Bradford & Bingley, HSBC, TK Maxx and Boots.

Tenure

Freehold.

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

Tenure

Freehold.

Description

The property comprises a banking hall with two self-contained retail units on the ground floor, basement storage accommodation, first and second floor office accommodation and third floor storage accommodation. The upper floors are accessed from within the banking hall and benefit from air conditioning and 2 passenger lifts.

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

VAT

VAT is applicable to this lot.

Viewings

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	Reversion
Ground Basement First Second Third	Retail Storage Office Office Storage	462.00 sq m 433.20 sq m 514.12 sq m 471.29 sq m 35.49 sq m	(4,973 sq ft) (4,663 sq ft) (5,534 sq ft) (5,073 sq ft) (382 sq ft)	LLOYDS TSBBANK PLC (1) (2)	25 years from 29/09/1989 on a full repairing and insuring lease	£237,500	(29/09/2014)
Totals		1,916.10 sq m	(20,625 sq ft)			£237,500

(1) Lloyds TSB Bank plc forms part of the larger Lloyds Banking Group plc which is the largest retail bank in the UK serving over thirty million people worldwide. (www.lloydsbankinggroup.com 26/04/2012)
(2)The ground floor areas above is for all three retail units. The tenant has sub-let units to Magic Gusto Ltd (t/a Café Piazza) until 2014 at a current rent reserved of £37,500 p.a.x. and Kelly Services (UK) Ltd (t/a Interaction Recruitment) until 2014 at a current rent reserved of £24,750 p.a.x.