The Bloomery Nile Street, Broomhill Sheffield South Yorkshire S10 2PQ

The Bloomery
Nile Street, Broomhill
Sheffield
South Yorkshire
S10 2PQ

Freehold Public House Investment

  • Prominent corner location in popular student neighbourhood
  • Let to Barley Pub Company Limited until 2099 (1)
  • VAT-free investment
  • RPI linked Rent Reviews every fifth year
  • Lot
    61
  • Auction
    11th July 2018
  • Rent
    £22,680 per Annum Exclusive
  • Status
    Sold
  • Price
    £536,000
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Executors
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Public House Investment

  • Prominent corner location in popular student neighbourhood
  • Let to Barley Pub Company Limited until 2099 (1)
  • VAT-free investment
  • RPI linked Rent Reviews every fifth year
  • Lot 61
  • Auction 11th July 2018
  • Rent
  • Status Sold
  • Price £536,000
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Executors

Property Information

Location
Miles
33 miles south of Leeds
38 miles east of Manchester
44 miles north of Nottingham
Roads
A57, A61, M1 (junction 33 & 34)
Rail
Sheffield Railway Station
Air
Rood Hood Doncaster/Sheffield 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. The property is located in Broomhill, a prosperous mixed commercial/residential suburb, 1.5 miles south- west from Sheffield city centre. The main Sheffield University Campus, Sheffield Hallam Collegiate Campus and Royal Hallamshire Hospital are all located within 0.5 miles and Sheffield United football stadium is located 1.5 miles to the east. The property is situated on Nile Street, close to its junction with Fulwood Road (A57). The A57 connects Sheffield city centre with Manchester to the west. Occupiers close by include Costa Coffee, Morrisons, Sainsbury’s, Boots, Balti King and HSBC, amongst others.

Tenure

Freehold.

Location
Miles
33 miles south of Leeds
38 miles east of Manchester
44 miles north of Nottingham
Roads
A57, A61, M1 (junction 33 & 34)
Rail
Sheffield Railway Station
Air
Rood Hood Doncaster/Sheffield 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. The property is located in Broomhill, a prosperous mixed commercial/residential suburb, 1.5 miles south- west from Sheffield city centre. The main Sheffield University Campus, Sheffield Hallam Collegiate Campus and Royal Hallamshire Hospital are all located within 0.5 miles and Sheffield United football stadium is located 1.5 miles to the east. The property is situated on Nile Street, close to its junction with Fulwood Road (A57). The A57 connects Sheffield city centre with Manchester to the west. Occupiers close by include Costa Coffee, Morrisons, Sainsbury’s, Boots, Balti King and HSBC, amongst others.

Tenure

Freehold.

Description

The property comprises a public house arranged on ground and first floor. The ground floor comprises bar, restaurant and gaming area. The first floor has customer WCs and ancillary accommodation. There is on-site car parking for 4 cars.

VAT

VAT is not 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 public house arranged on ground and first floor. The ground floor comprises bar, restaurant and gaming area. The first floor has customer WCs and ancillary accommodation. There is on-site car parking for 4 cars.

VAT

VAT is not 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 Tenant Term Rent p.a.x Reviews
Ground &
First
Public House BARLEY PUB COMPANY LIMITED
t/a the Bloomery (2)&
BUTLERS RETAIL
LIMITED (1)
99 years from 23rd
October 2000 on a
full repairing and
insuring lease (1)
£22,680 (2)
(4)
RPI linked
reviews 2020
and every 5th
year thereafter
(1) (3)
Total
    £22,680  

(1) Tenant’s option to determine in the 25th, 50th and 75th years.
(2) For the year ended 25th September 2016, Barley Pub Company Limited reported a turnover of £61,708,000, pre-tax profits of £1,578,000 and net total worth of £450,000 (Source Experian Group 8/06/2018). The property was refurbished in 2016 (Source : www.social- quirrel.com/thebloomery).
(3) The rent reviews are five yearly and linked to the Retail Price Index (RPI).
(4) Rateable value £44,000 (Source: www.tax.service.gov.uk).

Property Documents

  • Site Plan
    Updated Date
    28.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    737 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

Associate Auctioneers
SMC Chartered Surveyors 54 Campo Lane
Sheffield
S1 2EG
Martin Saunders 0114 281 2183martin@smcommercial.co.uk
Seller's Solicitors
Lewis Francis Blackburn Bray Solicitors 14 - 16 Paradise square
Sheffield
S1 2DE
Graham Fenton 0114 272 9721graham.fenton@lfbbsolicitors.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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