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COMMERCIAL

Stanley Street, Sheffield, South Yorkshire, S3 8HJ

Guide Price
£2,800,000
Pattinson Estate Agents, Commercial
PROPERTY TYPE

Residential Development

SIZE

1,000 sq ft

93 sq m

Key features

  • Investment Opportunity
  • Mixed Use Portfolio
  • Freehold Title
  • 36 Bed HMO
  • 4 Retail Units

Description

FOR SALE BY AUCTION: Terms and conditions apply.

We are pleased to offer for sale via auction this unique investment opportunity. The property comprises of 4 commercial units at street level and a 36 bed 11 bath HMO on the first and second floors. Having been recently refurbished up to a modern standard the property offers prospective buyers a turn-key investment. Currently the property is fully let and generates an annual income of approx. £199,760 per annum. The property is well placed within Sheffield and is less than a 10 minute walk into the city centre.

Please note that Pattinsons have not inspected this property.

Location

The subject property is located along Stanley Street, Sheffield. Less than 10 minutes on foot into the city centre with easy access to the local amenities and transport links. Sheffield itself lying approximately 35 North of Nottingham and 37 miles East of Manchester via the M1 and A57.

Accommodation

The property comprises of 4 ground floor retail units and a 36-bed 11-bath set over the first and second floors.

Tenure

Freehold. TITLE NUMBER: YWE55505

Tenancy Information

36 Bedroom HMO - £158,000 (on a room by room basis)
Shop 1 - £12,000
Shop 2 - £10,000
Shop 3 - £9,880
Shop 4 - £9,880
Total - £199,760

EPC

Rating E

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

Brochure

Energy Performance Certificates

EPC

Stanley Street, Sheffield, South Yorkshire, S3 8HJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Fitzalan Square/Ponds Forge Tram Stop0.3 miles
  • Sheffield Hallam University Station0.3 miles
  • Castle Square Tram Stop0.3 miles

About the agent

Pattinson Estate Agents, Commercial

Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NY

Pattinson Estate Agents, Commercial

Our agency team actively deal with all aspects of commercial property in both the private and public sectors and provide specialist advice in terms of all commercial property types including development and investment properties. Our principal activities include dealing with the acquisition or disposal of land and property, as well as providing appraisals. We also act as an agent during a sale or acquisition and can carry out contract negotiations between landlords and tenants.

The tea

More properties from this agent

Industry affiliations

Royal Institute of Chartered Surveyors

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 384464. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 625 0997.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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