Let to Mortgage Advice Bureau Limited until 2026 (subject to option)
Located in popular commuter and student suburb
Adjacent to Barclays Bank and Lloyds Bank
Nearby occupiers include Sainsbury’s Local, Lloyds Pharmacy and Domino's Pizza
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 33
Auction 30th March 2017
Rent
Status Sold
Price £238,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2.5 miles south-west of Sheffield
Roads
A625, A61
Rail
Sheffield Rail
Air
Doncaster Sheffield Airport
Situation
Eccleshall is an affluent commuter and student suburb some 2.5 miles from Sheffield City Centre. Eccleshall Road (A625) is a popular retailing and leisure destination and is one of the main arterial routes to the affluent south-west suburbs from Sheffield. The property is situated at the south end of Eccleshall Road, prominently located between Barclays Bank and Lloyds Bank. Other nearby occupiers include Sainsbury’s Local, Lloyds Pharmacy and Domino's Pizza.
Tenure
Freehold.
Location
Miles
2.5 miles south-west of Sheffield
Roads
A625, A61
Rail
Sheffield Rail
Air
Doncaster Sheffield Airport
Situation
Eccleshall is an affluent commuter and student suburb some 2.5 miles from Sheffield City Centre. Eccleshall Road (A625) is a popular retailing and leisure destination and is one of the main arterial routes to the affluent south-west suburbs from Sheffield. The property is situated at the south end of Eccleshall Road, prominently located between Barclays Bank and Lloyds Bank. Other nearby occupiers include Sainsbury’s Local, Lloyds Pharmacy and Domino's Pizza.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first and second floor ancillary accommodation
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with first and second floor ancillary accommodation
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Review
Ground First Second
Retail Ancillary Ancillary
62.80 sq m 42.20 sq m 28.43 sq m
(676 sq ft) (454 sq ft) (306 sq ft)
MORTGAGE ADVICE BUREAU LIMITED (1)
10 years from 04/10/2016 until 03/04/2026 on a full repairing and insuring lease (2)
£16,500 (3)
04/10/2021
Total
133.43 sq m
(1,436 sq ft)
£16,500 (3)
(1) For the year ending 31st December 2015, Mortgage Advice Bureau Limited reported a turnover of £48,018,443, pre-tax profits of £4,583,011 and a total net worth of £3,067,909 (Source: Experian Group 27/02/2017). Mortgage Advice Bureau is a leading mortgage network with over 950 advisers across the UK (Source: www.mortgageadvicebureau.com 27/02/2017). (2) The lease provides an option to determine on 03/10/2021. The lease is subject to a schedule of condition. (3) For the purposes of clarification, Mortgage Advice Bureau are currently paying a rent of £14,500 p.a.x. The lease provides fixed rental increases to £15,500 in November 2017 and £16,500 in November 2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £16,500 p.a.x. from completion of the sale.