hale saunders - Property Pilot
For Sale 238/238A Abbeydale Road, Sheffield, S7 1FL RESTAURANT / RESIDENTIAL INVESTMENT OPPORTUNITY
Prominent location on Abbeydale Road within the popular ‘Antiques Quarter.’ Located close to Mr Pickles Yorkshire Food Emporium, Bragazzi’s, Mac & May, Amici & Bici, etc. Ground floor restaurant let on a new lease at £11,000 per annum, with self-contained flat let at £6,600 per annum. Generating a total income of £17,600 per annum.
Incorporating
HALE SAUNDERS
LOCATION Located on Abbeydale Road, which is one of the main arterial routes leading to and from Sheffield City Centre to the south western suburbs.
SERVICES The property has the benefit of water, electricity, gas and drainage to respective residential and commercial parts.
The area is located less than 2 miles south west of Sheffield City Centre, and is within a local suburb of largely independent retailers and restaurants within the Nether Edge area known as the ‘Antiques Quarter.’ The area has a high concentration of residential occupants and commercial operators including retailers, cafes, restaurants and hot food uses.
RATING From informal enquiries via The Valuation Office Agency website, we understand that the ground floor property has a current rateable value of £7,000. The upper floor flat has a Council Tax Band of A.
Nearby occupiers include Mr Pickles Yorkshire Food Emporium, Bragazzi’s, Mac & May, Amici & Bici, amongst others. DESCRIPTION A mid-terrace three storey property compromising of a ground floor restaurant and a self-contained three bed room flat to the upper floors. The ground floor provides a largely open plan restaurant space with a kitchen area as well as WC facilities. To the upper floor (which are accessed via the rear passage and staircase) is a self-contained flat. The accommodation comprises a kitchen, two living rooms, bathroom (shower, wash basin and WC) and three bedrooms.
TENURE Long leasehold, 800 years from 29th September 1984. LEASE/TENANCY DETAILS The ground floor restaurant is let to individuals trading as ‘La Mama’ on a new six year lease on an effectively full repairing and insuring basis. The passing rent is £11,000 per annum with a rent review at the end of the year three. The lease provides a tenant option to break at the end of year two. La Mama’s have been trading from this location since September 2009. The flat is let on an assured shorthold tenancy at a rental of £550 per calendar month. PRICE Offers in the region of £200,000. ENERGY PERFORMANCE CERTIFICATE Reference: TBC Asset Rating: TBC
ACCOMMODATION Ground Floor Restaurant Sales Area Kitchen WC Total Net Internal Area
Sq m
Sq ft
50.06 31.11
539 335
FURTHER INFORMATION/VIEWING If you wish to arrange a viewing or require any further information please contact Francois Neyerlin at SMC Chartered Surveyors on 0114 281 2183. Email: [email protected]
81.17
874
Details prepared 26th April 2017.
External access to separate living accommodation Residential Flat Front Living Room Rear Living Room Kitchen Second Floor Bedroom 1 Bedroom 2 Bedroom 3 Bathroom (including shower, wash basin, bath & WC)
(4.81m x 3.83m) (3.60m x 3.89m) (4.93m x 1.88m) (4.81m x 3.92m) (3.75m x 2.66m) (2.06m x 5.56m) Saxton Mee Commercial Limited (SMC) for themselves and the vendor give notice that: 1 These particulars do not form, or form part of, any offer or contract. 2 They are intended to give a fair description of the property, but neither SMC nor the vendor will accept any responsibility for any error they may contain, however caused. Any intending purchaser therefore must satisfy himself by inspection or otherwise as to their correctness. 3 Neither SMC, nor any of their employees, has any authority to make or give further representation or warranty whatever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transactions.
54 Campo Lane, Sheffield, S1 2EG
Fax: 0114 276 2979
Web: www.smcommercial.co.uk [email protected]
S075 Ravensworth 01670 713330
Prominent location on Abbeydale Road within the popular ‘Antiques Quarter.’ Located close to Mr Pickles Yorkshire Food Emporium, Bragazzi’s, Mac & May, Amici & Bici, etc. Ground floor restaurant let on a new lease at £11,000 per annum, with self-contained flat let at £6,600 per annum. Generating a total income of £17,600 per annum.
Incorporating
HALE SAUNDERS
LOCATION Located on Abbeydale Road, which is one of the main arterial routes leading to and from Sheffield City Centre to the south western suburbs.
SERVICES The property has the benefit of water, electricity, gas and drainage to respective residential and commercial parts.
The area is located less than 2 miles south west of Sheffield City Centre, and is within a local suburb of largely independent retailers and restaurants within the Nether Edge area known as the ‘Antiques Quarter.’ The area has a high concentration of residential occupants and commercial operators including retailers, cafes, restaurants and hot food uses.
RATING From informal enquiries via The Valuation Office Agency website, we understand that the ground floor property has a current rateable value of £7,000. The upper floor flat has a Council Tax Band of A.
Nearby occupiers include Mr Pickles Yorkshire Food Emporium, Bragazzi’s, Mac & May, Amici & Bici, amongst others. DESCRIPTION A mid-terrace three storey property compromising of a ground floor restaurant and a self-contained three bed room flat to the upper floors. The ground floor provides a largely open plan restaurant space with a kitchen area as well as WC facilities. To the upper floor (which are accessed via the rear passage and staircase) is a self-contained flat. The accommodation comprises a kitchen, two living rooms, bathroom (shower, wash basin and WC) and three bedrooms.
TENURE Long leasehold, 800 years from 29th September 1984. LEASE/TENANCY DETAILS The ground floor restaurant is let to individuals trading as ‘La Mama’ on a new six year lease on an effectively full repairing and insuring basis. The passing rent is £11,000 per annum with a rent review at the end of the year three. The lease provides a tenant option to break at the end of year two. La Mama’s have been trading from this location since September 2009. The flat is let on an assured shorthold tenancy at a rental of £550 per calendar month. PRICE Offers in the region of £200,000. ENERGY PERFORMANCE CERTIFICATE Reference: TBC Asset Rating: TBC
ACCOMMODATION Ground Floor Restaurant Sales Area Kitchen WC Total Net Internal Area
Sq m
Sq ft
50.06 31.11
539 335
FURTHER INFORMATION/VIEWING If you wish to arrange a viewing or require any further information please contact Francois Neyerlin at SMC Chartered Surveyors on 0114 281 2183. Email: [email protected]
81.17
874
Details prepared 26th April 2017.
External access to separate living accommodation Residential Flat Front Living Room Rear Living Room Kitchen Second Floor Bedroom 1 Bedroom 2 Bedroom 3 Bathroom (including shower, wash basin, bath & WC)
(4.81m x 3.83m) (3.60m x 3.89m) (4.93m x 1.88m) (4.81m x 3.92m) (3.75m x 2.66m) (2.06m x 5.56m) Saxton Mee Commercial Limited (SMC) for themselves and the vendor give notice that: 1 These particulars do not form, or form part of, any offer or contract. 2 They are intended to give a fair description of the property, but neither SMC nor the vendor will accept any responsibility for any error they may contain, however caused. Any intending purchaser therefore must satisfy himself by inspection or otherwise as to their correctness. 3 Neither SMC, nor any of their employees, has any authority to make or give further representation or warranty whatever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transactions.
54 Campo Lane, Sheffield, S1 2EG
Fax: 0114 276 2979
Web: www.smcommercial.co.uk [email protected]
S075 Ravensworth 01670 713330
