18 - 36 Chapel Walk Sheffield South Yorkshire S1 2PD

18 - 36 Chapel Walk
Sheffield
South Yorkshire
S1 2PD

City Centre Retail Parade Investment

  • Tenants include Claire's Accessories UK Ltd
  • Close to prime pedestrianised city centre location
  • Principal thoroughfare for Norfolk Street to Fargate
  • Neighbouring occupiers include Marks & Spencer, Caffè Nero, H Samuel, Paperchase and Boots
  • Lot
    35
  • Auction
    19th October 2017
  • Rent
    £82,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Asset Manager
Important Update
  • Expand
  • Photos
  • Map

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

City Centre Retail Parade Investment

  • Tenants include Claire's Accessories UK Ltd
  • Close to prime pedestrianised city centre location
  • Principal thoroughfare for Norfolk Street to Fargate
  • Neighbouring occupiers include Marks & Spencer, Caffè Nero, H Samuel, Paperchase and Boots
  • Lot 35
  • Auction 19th October 2017
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Asset Manager

Property Information

Location
Miles
33 miles south of Leeds, 22 miles west of Doncaster, 38 miles east of Manchester
Roads
A61, A57, A631, M1
Rail
Sheffield Railway Station
Air
Sheffield Robin Hood Airport, Manchester International Airport
Situation

The major university city of Sheffield is England's fourth largest city in terms of population and is the principal retailing and commercial centre for South Yorkshire. Chapel Walk is situated between the eastern side of the prime pedestrianised retail thoroughfare of Fargate and the west side of Norfolk Street, opposite the Crucible Theatre. Neighbouring occupiers on Fargate include Marks & Spencer, Caffè Nero, H Samuel, Paperchase and Boots.

Tenure

Freehold. Freehold and Leasehold. Units 18 to 30 are to be held on a new 250 year long leasehold interest with a fixed peppercorn rent. Unit 32 to 36 are held Freehold.

Location
Miles
33 miles south of Leeds, 22 miles west of Doncaster, 38 miles east of Manchester
Roads
A61, A57, A631, M1
Rail
Sheffield Railway Station
Air
Sheffield Robin Hood Airport, Manchester International Airport
Situation

The major university city of Sheffield is England's fourth largest city in terms of population and is the principal retailing and commercial centre for South Yorkshire. Chapel Walk is situated between the eastern side of the prime pedestrianised retail thoroughfare of Fargate and the west side of Norfolk Street, opposite the Crucible Theatre. Neighbouring occupiers on Fargate include Marks & Spencer, Caffè Nero, H Samuel, Paperchase and Boots.

Tenure

Freehold. Freehold and Leasehold. Units 18 to 30 are to be held on a new 250 year long leasehold interest with a fixed peppercorn rent. Unit 32 to 36 are held Freehold.

Description

The property consists of 7 retail units each comprising retail accommodation on the ground floor with ancillary accommodation on the first floors. Units 18-30 form part of a larger building which not included in the sale

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 consists of 7 retail units each comprising retail accommodation on the ground floor with ancillary accommodation on the first floors. Units 18-30 form part of a larger building which not included in the sale

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
18 Ground
Basement
Retail/Ancillary
Ancillary
75.71 sq m
68.93 sq m
(815 sq ft)
(742 sq ft)
CLAIRE'S
ACCESSORIES
UK LTD (1)
5 years from
19/10/2014
£32,500 (18/10/2019)
20 Ground
Basement
Retail/Ancillary
Ancillary
74.79 sq m
17.65 sq m
(805 sq ft)
(190 sq ft)
VACANT
POSSESSION
- - -
22-24 Ground
Basement
Retail/Ancillary
Ancillary
158.77 sq m
211.72 sq m
(1,709 sq ft)
(2,279 sq ft)
VACANT
POSSESSION
- - -
30 Ground
First
Retail/Ancillary
Ancillary
20.53 sq m
18.95 sq m
(221 sq ft)
(204 sq ft)
VACANT
POSSESSION
- - -
32 Ground
First
Retail/Ancillary
Ancillary
89.37 sq m
25.92 sq m
(962 sq ft)
(279 sq ft)
WHEWELL AND
WEGER LTD
t/a Andrews Café
10 years from
03/02/2014 (2)
£35,000 03/02/2019
(02/02/2024)
36 Ground
First
Retail/Ancillary
Ancillary
23.50 sq m
22.85 sq m
(253 sq ft)
(246 sq ft)
INDIVIDUALS
t/a Stitch Express
10 years from
18/05/2014 (3)
£15,000 18/05/2019
(17/05/2024)
Totals  
808.69 sq m
(8,705 sq ft)
    £82,500 with
3 vacant
shops to be
let
 

(1) For the year ending 30th January 2016, Claire's Accessories UK Ltd reported a turnover of £121,709,000, a pre-tax profit of £4,770,000 and net worth of £22,216,000 (Source: Experian Group 18/09/2017).
(2) As to Unit 32 let to Whewell and Weger Ltd, the lease provides for a tenant/mutual rolling option to determine the lease from 03/02/2019 subject to 6 months’ notice.
(3) As to Unit 36 let to Individuals, the lease provides for a tenant rolling option to determine the lease from 18/09/2019 subject to 6 months’ notice.

Property Documents

  • Site Plan
    Updated Date
    27.09.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    27.09.17
    File Size
    1 MB
    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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Mishcon de Reya Africa House, 70 Kingsway
London
WC2B 6AH
Lorna Morgan 020 3321 7448lorna.morgan@mishcon.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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