56 Middlewood Road
Sheffield
South Yorkshire
S6 4HA

Retail/Take-Away Investment

  • Prominent location in popular Residential Suburb
  • New 10 year lease from March 2021 (1) (No Breaks)
  • RPI linked Rent Review in 2026
  • Close to Hillsborough Exchange Shopping Centre
  • VAT-free Investment
  • Lot
    28
  • Auction
    24/Sep/2021
  • Rent
    £10,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 56 Middlewood Road, Sheffield, South Yorkshire, S6 4HA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
2 miles north-west of Sheffield
31 miles south of Leeds
Roads
A57, A61, M1 (J34)
Rail
Hillsborough Tram
Air
Doncaster Sheffield Airport
Situation

Hillsborough is a popular suburb of Sheffield, approximately 2 miles north-west of Sheffield City Centre, 31 miles south of Leeds and 36 miles south-east of Manchester. The property is located close to Hillsborough Park, and fronts the east side of Middlewood Road. The property benefits from being close by to two tram stops (Hillsborough and Middlewood Road) which provide access to and from Sheffield City Centre. Hillsborough football stadium is 1.5 miles to the north. Hillsborough Interchange is close by too which connects the area with buses from Sheffield, Rotherham and the local area. Nearby occupiers included B&M, Boots, Savers, Heron Foods

Tenure

Long Leasehold. for a term of 800 years from 25th March 1879 at a fixed ground rent of ?12 p.a..

Description

The property comprises a mid-terrace ground floor take-away with ancillary accommodation on the basement and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
Basement
First
Retail/Takeaway
Ancillary
Ancillary
32.05 sq m
29.72 sq m
21.82 sq m
(345 sq ft)
(320 sq ft)
(235 sq ft)
L & S
SANDERSON
t/a 4 Seasons
Takeaway
10 years from
1/03/2021 on a full
repairing and
insuring lease
£10,000 pa rising
to £11,250 pa on
1/10/2022
1/03/2026
linked to RPI
Total
83.59 sq m
(900 sq ft)
  £10,000 pa
(rising)
 

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Site Plan
    Updated Date
    03.09.21
    File Size
    887 KB
    View PDF
  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    854 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Churchers Solicitors 12 High Street
Fareham
Hampshire
PO16 7BL
Nick Eve 01329 822 333neve@churchers.co.uk

Useful Links

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