Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
38 miles east of Manchester, 39 miles south of Leeds, 38 miles north of Nottingham
Roads
A57, A61, M1
Rail
Sheffield Rail Station
Air
Manchester Airport
Situation
The property is situated on the west side of Haymarket in Sheffield City Centre. Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark and Sheffield Hallam University is in close proximity.
Tenure
Freehold.
Location
Miles
38 miles east of Manchester, 39 miles south of Leeds, 38 miles north of Nottingham
Roads
A57, A61, M1
Rail
Sheffield Rail Station
Air
Manchester Airport
Situation
The property is situated on the west side of Haymarket in Sheffield City Centre. Nearby occupiers include Co-operative Food, Premier Inn, Wilko and Primark and Sheffield Hallam University is in close proximity.
Tenure
Freehold.
Description
The property comprises retail and ancillary accommodation on the basement and ground floors with the upper floors let on a long lease. The property benefits from a rear service yard accessed from King Street.
Note
A very small part of the rear of the property, upon which is an electricity substation and bin store, is held from Sheffield City Council for a term of 99 years from 25th July 1959 at a current rent reserved of £30 per annum.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail and ancillary accommodation on the basement and ground floors with the upper floors let on a long lease. The property benefits from a rear service yard accessed from King Street.
Note
A very small part of the rear of the property, upon which is an electricity substation and bin store, is held from Sheffield City Council for a term of 99 years from 25th July 1959 at a current rent reserved of £30 per annum.
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 applicable to this lot.
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
Reviews
Ground Basement
Retail Ancillary
206.40 sq m 74.80 sq m
(2,222 sq ft) (805 sq ft)
HERON FOODS LTD (1)
19 years from 06/08/2013 until 2032 on a full repairing and insuring lease
£52,000
Rental increases linked to RPI (subject to minimum of 1.5% and a maximum of 3.5%) 5 yearly annually compounded
First, Second & Third
Ancillary (2)
Not measured
XTREME PROPERTIES (3)
150 years from 04/03/2010
Peppercorn
Total Commercial Area
281,20 sq m
(3,027 sq ft)
£52,000
(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. For the year ending 28/12/2013, Heron Foods Limited reported a turnover of £249,688,954, pre-tax profits of £2,301,042 and a total net worth of £26,419,497. (Source: www.experian.co.uk 15/09/2015) (2) Planning permission was granted by Sheffield City Council for the “use of upper floors as 5 two bedroom flats and associated external alterations”. (3) As to the lease of the upper parts in favour of Xtreme Properties, the Seller has received an application to assign the lease to Naseem Hamed Enterprises Limited.