retail & office investment - Property Pilot
For Sale 323-325 ABBEYDALE ROAD SHEFFIELD S7 1FS Potential for redevelopment and income growth 410m² (4,411 sq ft) on 0.107 ha (0.26 acre)
RETAIL & OFFICE INVESTMENT
Ground floor trade counter, office and warehouse, plus car park. Let to Bang Tidy Clothing Ltd at £19,750 pa.
First and second floor let to Hedgerow Publishing Ltd at £5,500 pa.
Prominent corner position with frontage to A621.
Incorporating
HALE SAUNDERS
LOCATION The property has a frontage to Abbeydale Road (A621) and is at the corner of Aizlewood Road, from which there is access to the large rear car park. DESCRIPTION The ground floor premises have been extended from the original pair of terraces with a series of offices, a trade counter and a steel framed warehouse. The upper floors have a separate entrance from Abbeydale Road and comprise former residential space converted to office and storage use. There is a large tarmac and brick paved rear car park/yard with security fencing.
TENANCIES 323 Abbeydale Road (ground floor yard) Let to Bang Tidy Clothing Ltd. Term: 5 years from 1 May 2014. Rent: £19,750 pa. Effectively full repairing lease within Landlord & Tenant Act 1954. 325 Abbeydale Road (upper parts) Let to Hedgerow Publishing Ltd. Original lease dated 20 Jan 2006. Current lease for a term of 5 years from 10 th Sept 2010 (tenant is currently holding over under the Landlord & Tenant Act 1954). Rent: £5,500 pa. Internal repairing lease, but the landlord can recoup costs associated with repairing the structure and common parts. Copies of the leases in pdf format can be made available on request. ENERGY PERFORMANCE CERTIFICATE 323 Abbeydale Road Reference: 0490-0130-2169-9492-4092 Asset Rating: C (57) 325 Abbeydale Road Reference: 0794-9721-4530-4590-4003 Asset Rating: E (117) OPPORTUNITIES Potential to convert upper parts into residential use to increase income stream. Potential for redevelopment given size of site, eg convenience store, apartments, mixed use scheme, etc. Purchasers should make their own enquires.
ACCOMMODATION Areas are on a net internal basis. Bang Tidy Clothing Ltd Main building Warehouse extension
Hedgerow Publishing Ltd Ground floor entrance/store First floor offices and store Second floor
Sq m
Sq ft
145.18 141.00
1,563 1,518
282.80
3,081
14.67 67.08 45.28
158 722 487
127.03
1,367
PROPOSAL Offers around £335,000 are invited. This would represent a gross initial yield of 7.5% based on the current income of £25,250 pa. FURTHER INFORMATION/VIEWING Please contact Mike Hull or Francois Neyerlin on 0114 281 2183, email: [email protected] / [email protected] Dated 25 May 2017
SITE AREA 0.107 ha (0.26 acre) TENURE Freehold
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
RETAIL & OFFICE INVESTMENT
Ground floor trade counter, office and warehouse, plus car park. Let to Bang Tidy Clothing Ltd at £19,750 pa.
First and second floor let to Hedgerow Publishing Ltd at £5,500 pa.
Prominent corner position with frontage to A621.
Incorporating
HALE SAUNDERS
LOCATION The property has a frontage to Abbeydale Road (A621) and is at the corner of Aizlewood Road, from which there is access to the large rear car park. DESCRIPTION The ground floor premises have been extended from the original pair of terraces with a series of offices, a trade counter and a steel framed warehouse. The upper floors have a separate entrance from Abbeydale Road and comprise former residential space converted to office and storage use. There is a large tarmac and brick paved rear car park/yard with security fencing.
TENANCIES 323 Abbeydale Road (ground floor yard) Let to Bang Tidy Clothing Ltd. Term: 5 years from 1 May 2014. Rent: £19,750 pa. Effectively full repairing lease within Landlord & Tenant Act 1954. 325 Abbeydale Road (upper parts) Let to Hedgerow Publishing Ltd. Original lease dated 20 Jan 2006. Current lease for a term of 5 years from 10 th Sept 2010 (tenant is currently holding over under the Landlord & Tenant Act 1954). Rent: £5,500 pa. Internal repairing lease, but the landlord can recoup costs associated with repairing the structure and common parts. Copies of the leases in pdf format can be made available on request. ENERGY PERFORMANCE CERTIFICATE 323 Abbeydale Road Reference: 0490-0130-2169-9492-4092 Asset Rating: C (57) 325 Abbeydale Road Reference: 0794-9721-4530-4590-4003 Asset Rating: E (117) OPPORTUNITIES Potential to convert upper parts into residential use to increase income stream. Potential for redevelopment given size of site, eg convenience store, apartments, mixed use scheme, etc. Purchasers should make their own enquires.
ACCOMMODATION Areas are on a net internal basis. Bang Tidy Clothing Ltd Main building Warehouse extension
Hedgerow Publishing Ltd Ground floor entrance/store First floor offices and store Second floor
Sq m
Sq ft
145.18 141.00
1,563 1,518
282.80
3,081
14.67 67.08 45.28
158 722 487
127.03
1,367
PROPOSAL Offers around £335,000 are invited. This would represent a gross initial yield of 7.5% based on the current income of £25,250 pa. FURTHER INFORMATION/VIEWING Please contact Mike Hull or Francois Neyerlin on 0114 281 2183, email: [email protected] / [email protected] Dated 25 May 2017
SITE AREA 0.107 ha (0.26 acre) TENURE Freehold
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
