25-35 Stephenson Place Chesterfield Derbyshire S40 1XL

25-35 Stephenson Place
Chesterfield
Derbyshire
S40 1XL

Freehold Retail Parade Investment

  • Comprises an unbroken parade of six retail units and upper parts
  • Totalling approximately 581.80 sq m (6,263 sq ft)
  • Prior Approval granted for conversion of No. 27 first and second floors to four self-contained flats
  • Situated in historic market town
  • Nearby occupiers include RBS, William Hill, Age UK and a number of independent retailers
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    48
  • Auction
    10th December 2015
  • Rent
    £70,677 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Parade Investment

  • Comprises an unbroken parade of six retail units and upper parts
  • Totalling approximately 581.80 sq m (6,263 sq ft)
  • Prior Approval granted for conversion of No. 27 first and second floors to four self-contained flats
  • Situated in historic market town
  • Nearby occupiers include RBS, William Hill, Age UK and a number of independent retailers
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 48
  • Auction 10th December 2015
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south of Sheffield, 25 miles north-west of Nottingham
Roads
A61, A619, A617, M1 (Junction 29, 29A)
Rail
Chesterfield Railway Station
Air
East Midlands Airport
Situation

Chesterfield is a large historic market town located 12 miles south of Sheffield. The property is situated in a prominent corner position in the town centre on the southern side of the junction of Stephenson Place and Holywell Street.

Tenure

Freehold.

Location
Miles
12 miles south of Sheffield, 25 miles north-west of Nottingham
Roads
A61, A619, A617, M1 (Junction 29, 29A)
Rail
Chesterfield Railway Station
Air
East Midlands Airport
Situation

Chesterfield is a large historic market town located 12 miles south of Sheffield. The property is situated in a prominent corner position in the town centre on the southern side of the junction of Stephenson Place and Holywell Street.

Tenure

Freehold.

Description

The property comprises a parade of six ground floor retail units with ancillary accommodation on the first and second floors. The first and second floors of No. 27 are self-contained and accessed from Stephenson Place.

Planning
Prior Approval was granted on 23rd September 2014 for the conversion of the first and second floors of No. 27 Stephenson Place from offices (B1) to four self-contained residential flats.
For further information: Chesterfield Borough Council
Website Address: http://www.chesterfield.gov.uk
Tel: 01246 345811.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a parade of six ground floor retail units with ancillary accommodation on the first and second floors. The first and second floors of No. 27 are self-contained and accessed from Stephenson Place.

Planning
Prior Approval was granted on 23rd September 2014 for the conversion of the first and second floors of No. 27 Stephenson Place from offices (B1) to four self-contained residential flats.
For further information: Chesterfield Borough Council
Website Address: http://www.chesterfield.gov.uk
Tel: 01246 345811.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/(Reversion)
25 Ground
First
Retail
Ancillary
12.90 sq m
9.70 sq m
(139 sq ft)
(104 sq ft)
INDIVIDUAL
(t/a Thai Spa)
2 years from 05/10/2015 (1) £5,500 rising to £6,000
on 05/10/2016
(04/10/2017)
27 Ground Retail
80.40 sq m
(865 sq ft)
INDIVIDUAL
(t/a KM Travel)
10 years from 29/09/2009 £11,500 (28/09/2019)
27 First (Front) Office
39.20 sq m
(422 sq ft)
INDIVIDUAL
(t/a Thai Spa)
Licence – 2 years from
05/10/2015 (2)
£700 rising to £1,200 on
05/10/2016
(04/10/2017)
27 First (Rear)
Second
Office
Office
20.50 sq m
86.00 sq m
(211 sq ft)
(926 sq ft)
VACANT POSSESSION (5)      
29 Ground
First
Second
Retail
Ancillary
Ancillary
38.50 sq m
20.40 sq m
36.50 sq m
(414 sq ft)
(220 sq ft)
(393 sq ft)
INDIVIDUAL
(t/a King Kebab)
12 years from 18/11/2009 £12,500 rising to £15,000
on 24/06/2018
(23/06/2021)
31 Ground
First
Second
Retail
Ancillary
Ancillary
45.30 sq m
43.10 sq m
43.10 sq m
(488 sq ft)
(464 sq ft)
(464 sq ft)
PHOTOGENIX STUDIOS
LIMITED
(t/a Photogenix)
12 years from 09/10/2008 £13,977 09/10/2016 (3)
(08/10/2020)
33 Ground
First
Second
Retail
Ancillary
Ancillary
26.20 sq m
23.50 sq m
41.00 sq m
(282 sq ft)
(253 sq ft)
(441 sq ft)
INDIVIDUAL
(t/a Top Nails)
12 years from 30/11/2009 £16,500 (4) rising to
£18,500 on 24/06/2018
(05/12/2021)
35 Ground
First
Retail
Ancillary
8.30 sq m
7.20 sq m
(89 sq ft)
(78 sq ft)
VACANT POSSESSION (5)      
Rear Yard    
JUST G CHESTERFIELD
LIMITED
5 year licence from 25/12/2013 £10,000 (24/12/2018)
Totals  
581.80 sq m
(6,263 sq ft)
    £70,677  

(1) The lease provides for a tenant option to determine on 4th October 2016. The Seller is holding a £1,550 rent deposit.
(2) The licence provides for a tenant option to determine on 4th October 2016.
(3) The rent is reviewed in line with RPI.
(4) The seller is holding a £12,500 rent deposit. The tenant is paying the rent monthly in advance.
(5) No empty rates payable, the Rateable Value for the unit falls below Chesterfield Borough Council’s threshold for business rates

Property Documents

  • Site Plan
    Updated Date
    18.11.15
    File Size
    115 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    536 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
Sheltons Solicitors Belmont House, Station Road
Hucknall
Nottinghamshire
NG15 7UE
J W Kujawinski 0115 955 3444jwkujawinski@sheltons-solicitors.co.uk

Useful Links

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

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