Guide Price: £175,000
Description
GROUND FLOOR WORKSHOP PREMISES , TWO OFFICES WITH PLANNING (Including Freeholds) & ADJOINING FREEHOLDS. A substantial corner property occupying a prominent position in an area of inner Sheffield that has seen considerable development over the last few years and located a short walk from Kelham Island as well as comprehensive City Centre facilities. The property includes ground floor and basement workshop areas with a central court yard, all let at £4,000pa, in addition to two separate vacant first/second office suites (67A and 69) that offer potential for ongoing use or to take advantage of the planning already granted for residential. The sale also includes the Freehold to the adjoining premises on Allen Street and Cross Smithfield (£525pa and set to double every 25 years) giving an overall strategic corner site amidst a number of recent residential schemes.
The property occupies a prominent corner position in the heart of an area of inner Sheffield that has seen considerable redevelopment in recent years and is a mere quarter of a mile from Kelham Island. Allen Street lies between the A61 and Meadow Street, a short walk from Shalesmoor tram stop which gives easy access to the University and comprehensive city centre facilities
VAT
VAT is payable on completion at the prevailing rate in addition to the gavel price.
Planning
Planning consent was granted by Sheffield City Council on the 17th November 2023 for "Alterations and conversion of offices (Use class E) to form 2 residential apartments (Use class C3) Ref 23/02955/CDPN
Full details can be see on the Council's portal -
Https://planningapps.sheffield.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=S180TMNYG2Q00
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 15TH OCTOBER AND CLOSES ON WEDNESDAY 16TH OCTOBER.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
Tenure Comments
In addition to the Freeholds of 67,67A & 69 Allen Street, 199 years from 12th October 2006, the sale includes the Freehold of adjoining properties ,
28 -30 & 32 Cross Smithfield, S3 7AU - 199 years from 12th October 2006 at £105 pa each, doubling every 25 years
65 Allen Street, S3 7AW - 199 years from 12th October 2006 at £210 pa doubling every 25 years