483 - 493 Glossop Road
Sheffield
South Yorkshire
S10 2QE

Freehold Retail & Residential Investment

  • Prominent corner location
  • Unbroken parade in popular student neighbourhood
  • Comprises three shops, one triple fronted shop and five flats
  • In the same ownership for circa 50 years
  • Potential dilapidation/reinstatement claim (1)
  • VAT free investment
  • Lot
    42
  • Auction
    14/Feb/2019
  • Rent
    £104,050 per Annum Exclusive
  • Status
    Sold
  • Price*
    £910,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 483 - 493 Glossop Road<br>Sheffield<br>South Yorkshire<br>S10 2QE
  • Expand
  • Photos
  • Map

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

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 of 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 Glossop Road at its junction with Ashgate Road, close to 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 an unbroken parade of four ground floor retail units, one of which is a triple fronted unit (Lloyds Bank, not in occupation). The upper floors comprise five self-contained flats, four accessed from Ashgate Road and one from Glossop Road. Four flats comprise three rooms, kitchen and bathroom with No. 487/491 comprising six rooms, kitchen and bathroom. There is a rear yard used for car parking.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

UnitFloorUse
Floor Areas (Approx)
TenantTermRent p.a.xReview/
(Reversion)
483GroundRetail
36.8 sq m
(397 sq ft)
INDIVIDUAL
t/a Frilly & Gifts
6 years from
01/04/2015
£10,5002018
483aFirst
Second
Residential
Residential
3 rooms, kitchen &
bathroom
INDIVIDUALSAST expiring
30/06/2019 (2)
£9,360(2019) (2)
485Ground
Basement
Retail
Not inspected
33.6 sq m
(362 sq ft)
INDIVIDUALS5 years from
14/01/2019
£9,250 (4)(2024)
485aFirst
Second
Residential
Residential
3 rooms, kitchen &
bathroom
INDIVIDUALSAST expiring
30/07/2019
£9,360(2019)
487 -
491
Ground
Basement
Retail
Ancillary
99.7 sq m
80.4 sq m
(1,073 sq ft)
(865 sq ft)
LLOYDS BANK
PLC (not in
occupation) (1)
Term of years
expiring 26/03/2024
(1)
£28,000 
487a-
491a
First

Second
Residential

Residential
3 rooms, kitchen &
bathroom
4 rooms
VACANT   
487aFirst
Second
Residential
Residential
3 rooms, kitchen &
bathroom
INDIVIDUALSAST expiring
30/06/2019
£14,040(2019)
493GroundRetail41 sq m(441 sq ft)INDIVIDUALS
t/a Galaxy 4
6 years from
05/04/2014
£9,500(2020)
493aFirst
Second
Residential
Residential
3 rooms, kitchen and
bathroom
INDIVIDUALSAST expiring
30/06/2019 (3)
£14,040(2019) (3)
Total Commercial
291.5 sq m
(3,138 sq ft)
and 5 flats
  £104,050 (4) 

(1) March 2019 break option exercised. Potential dilapidation and reinstatement claim for which the Vendor has taken no action.
(2) AST agreement signed for 1 year for 2019 to 2020 at £9,576.
(3) AST agreement signed for 1 year for 2019 to 2020 at £14,040.
(4) Rent free period until 14/03/2019.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.02.19
    File Size
    44 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
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
UK
S1 2DE
Simon Shires 0114 272 9721simon.shires@lfbbsolicitors.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now