926 Ecclesall Road Sheffield South Yorkshire S11 8TR

926 Ecclesall Road
Sheffield
South Yorkshire
S11 8TR

Freehold Retail Investment

  • 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
    £16,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £238,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • 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.

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    1,012 KB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    606 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Zevi Prager 02030367316zprager@fladgate.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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