FOR SALE
RETAIL / SHOWROOM On the instructions of the Joint LPA Receivers
CASCADE BUILDING, BARNSLEY ROAD, SHEFFIELD, S5 0QJ £425,000 \ Prominent position on a major arterial route in to Sheffield city centre. \ Car park with space for 37 vehicles. \ Large open plan showroom with ancillary storage space.
AVAILABLE SPACE 1,351.10m² (14,543sq ft)
LOCATION
RATEABLE VALUE
The property fronts onto Barnsley Road (A6135) in the Parson Cross District of Sheffield, approximately 4 miles from Sheffield city centre.
Description /Showroom and Premises
Barnsley Road is an arterial road connecting Sheffield city centre with the northern suburbs and junction 35 of the M1 motorway, which lies approximately 3 miles to the north.
OCCUPATION
DESCRIPTION The property comprises a former 1950’s cinema with two extensions to the eastern and western elevations. The building is of brick construction beneath flat and pitched roof sections. Internally, the property benefits from a large open plan ground floor, which is currently utilised as a carpet showroom, W/C and canteen. A central stairwellprovides access to a two-tier mezzanine providing additional space and storage. The approximate Gross Internal Areas are as follows:UNIT Ground floor Mezzanine 1 Mezzanine 2 Total
2
M 1,006.31 91.59 253.20 1,351.10
SQ FT 10,832 986 2,725 14,543
Externally, there is a parking area to the east of the property for approximately 7 vehicles with further parking to the rear providing space for circa 30 vehicles. The total site area extends to approximately 0.89 acres.
0161 831 1690
Rateable value/£52,000
Cascade House is occupied by United Carpets on a 6 month FRI lease from October 2014. The gross annual rent payable is £50,000. The tenants are currently ‘holding over’.
TERMS Offers are invited in the region of £425,000 for the long leasehold interest.The lease is for a term of 200 years with 125 years unexpired. Prices and rental are exclusive of VAT if chargeable.
LEGAL COSTS Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING By prior arrangement with the agents: Eddisons Tel/0161 8311690 Email /
[email protected] Email /
[email protected] SEPTEMBER 2015 SUBJECT TO CONTRACT FILE REF / 704.2282A