Nearby occupiers include RBS, Bradford & Bingley, HSBC, TK Maxx and Boots
Six Week Completion Period Available
Lot 25
Auction 24th May 2012
Rent £237,500 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On the Instructions of Shay Bannon and Mark Shaw of BDO LLP acting as Joint Administrators/LPA Receivers
Property Information
Location
Miles
6.5 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1
Rail
Sheffield Railway Station
Air
Doncaster/Sheffield International Airport
Situation
Church Street is situated in the heart of Sheffield city centre and is a direct extension to High Street. The property is predominantly on the north side of Church Street and extends back to St James’ Street where it benefits from rear access. Orchard Square Shopping Centre is opposite the property with other nearby occupiers including RBS, Bradford & Bingley, HSBC, TK Maxx and Boots.
Tenure
Freehold.
Location
Miles
6.5 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1
Rail
Sheffield Railway Station
Air
Doncaster/Sheffield International Airport
Situation
Church Street is situated in the heart of Sheffield city centre and is a direct extension to High Street. The property is predominantly on the north side of Church Street and extends back to St James’ Street where it benefits from rear access. Orchard Square Shopping Centre is opposite the property with other nearby occupiers including RBS, Bradford & Bingley, HSBC, TK Maxx and Boots.
Tenure
Freehold.
Description
The property comprises a banking hall with two self-contained retail units on the ground floor, basement storage accommodation, first and second floor office accommodation and third floor storage accommodation. The upper floors are accessed from within the banking hall and benefit from air conditioning and 2 passenger lifts.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mark Symonds. Tel: +44 (0)20 7034 4858.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
Six Week Completion Period Available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a banking hall with two self-contained retail units on the ground floor, basement storage accommodation, first and second floor office accommodation and third floor storage accommodation. The upper floors are accessed from within the banking hall and benefit from air conditioning and 2 passenger lifts.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mark Symonds. Tel: +44 (0)20 7034 4858.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
Six Week Completion Period Available
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
Reversion
Ground Basement First Second Third
Retail Storage Office Office Storage
462.00 sq m 433.20 sq m 514.12 sq m 471.29 sq m 35.49 sq m
25 years from 29/09/1989 on a full repairing and insuring lease
£237,500
(29/09/2014)
Totals
1,916.10 sq m
(20,625 sq ft)
£237,500
(1) Lloyds TSB Bank plc forms part of the larger Lloyds Banking Group plc which is the largest retail bank in the UK serving over thirty million people worldwide. (www.lloydsbankinggroup.com 26/04/2012) (2)The ground floor areas above is for all three retail units. The tenant has sub-let units to Magic Gusto Ltd (t/a Café Piazza) until 2014 at a current rent reserved of £37,500 p.a.x. and Kelly Services (UK) Ltd (t/a Interaction Recruitment) until 2014 at a current rent reserved of £24,750 p.a.x.
