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37-39 Rose Hill & 1 and 3 Soresby Street, Chesterfield, S40 1TT

POA
SMC Brownill Vickers, South Yorkshire
SIZE AVAILABLE

13,389 sq ft

1,244 sq m

SECTOR

High street retail property for sale

Key features

  • Two storey building plus basement, currently part-let to Soresby Street Cafe and AgeUK
  • Building of approximately 13,389 sq ft on site area of 0.173 acres
  • Located in Chesterfield town centre - close to a variety national and local retailers
  • Current income of £28,574 pa
  • 37-39 Rose Hill (LG, GF & First floor) currently vacant - potential for owner occupation, residential conversion (STP)
  • Potential for a variety of uses; retail, café/restaurant, office, clinic, health centre, gym, leisure, community (STP)

Description

Description
The property is a substantial corner building which was constructed towards the latter half of the 20th century. The property is built on a sloping site, and was most recently occupied by a bank to the ground floor & basement, gym to the first floor and offices to the first floor (37-39 Rose Hill which is now vacant). There are then two ground floor retails units which are occupied by Soresby Street Cafe (1 Soresby Street) and AgeUK (3 Soresby Street).

37-39 Rose Hill

The ground floor comprises a mainly open plan sales area with some cellular offices / meeting rooms. The basement provides ancillary storage space and female/male WCs. To the first floor is a mix of open plan space and cellular space. The configuration could be adapted to suit requirements. There are currently two staircases leading to the first floor space, one to Rose Hill and one to Soresby Street.

The retail units to 1 and 3 Soresby Street are effectively rectangular shaped sales areas with ancillary accommodation to the rear.

Location
The property is located on the corner of Rose Hill and Soresby Street in Chesterfield. The accommodation is accessed via Soresby Street and Rose Hill.

Chesterfield is a historic market town in the county of Derbyshire, approximately 24 miles north of Derby and 12.5 miles south of Sheffield.

The immediate surrounding area is of mixed use. Nearby retailers include Primark, Halifax, Lloyds, barbers, butchers, Greek restaurants, tattoo shops, bars & restaurants, etc. An open air market is held a short distance away on Market Square, with market days on Monday, Friday and Saturday.

Freehold
Freehold. Title number: DY83071.

Planning
The premises are understood to be classified under the Class E planning consent. Under the changes to the Use Class Order effective from 1st September 2020, we understand that these premises now benefit from an E class planning consent. This allows the premises to be used for the former A1 (retail), A2 (financial and professional), A3 (restaurant), B1 (offices), and D1 (clinics, health centre and day nursery) uses, without the need for a change of use.

We are of the view the property may have development potential for alternative commercial or residential uses, however we would strongly suggest Interested parties seek professional advice on this matter.

Rating Assessment
The property is currently assessed as follows:
37 Rose Hill, Rateable Value: £53,500
1st Floor 37 Rose Hill, Rateable Value: £14,750
1st Floor 37 Rose Hill, Rateable Value: £17,250
1 Soresby Street, Chesterfield, Rateable Value: £10,000
3 Soresby Street, Chesterfield, Rateable Value: £13,750

We would encourage prospective buyers to verify this detail with the local rates office.

Tenancy
Tenant: Individual trading as 'Soresby Street Cafe'
Area: Ground Floor at 1 Soresby Street, Chesterfield
Lease: 6 year lease from 20th March 2024 at £15,000 pa (tenant break date 19th September 2026)

Tenant: Age Uk
Area: 3 Soresby Street, Chesterfield
Lease: 10 year lease from 29th September 2022 at a rent of £13,574 pa (tenant break 28th September 2027)

37-39 Rose Hill (basement, ground floor, and first floor: currently vacant

Price
Price on application. We are informed VAT is NOT payable on the purchase price.

Viewing Arrangements
If you require any further information or to arrange a viewing please contact either of the joint agents:
SMC Brownill Vickers
Francois Neyerlin

francois.

Knight Frank
Kitty Hendrick

kitty.

Brochures

37-39 Rose Hill & 1 and 3 Soresby Street, Chesterfield, S40 1TT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chesterfield Station0.4 miles
  • Dronfield Station4.8 miles

About SMC Brownill Vickers, South Yorkshire

82 Queen Street, Sheffield, S1 2DW

Brownill Vickers is a multi-faceted firm of Chartered Surveyors, Valuers and Commercial Estate Agents which was established in 1884. We have an unrivalled reputation for providing good quality, clear and knowledgeable advice to a broad range of clients from our offices in Sheffield and Barnsley.

We are a firm of qualified Chartered Surveyors regulated by the Royal Institution of Chartered Surveyors which means that all of our clients are assured of the very highest professional standards.

Our Director led services include valuation, lease advisory, building surveying & development, property management as well as commercial estate agency dealing with sales and lettings. We also act for clients with acquisition requirements.

We deal with all commercial sectors and have a specialist advisor team dealing with the licensed trade and leisure industries. Residential lettings and real estate investment management services also delivered.

We consider ourselves to be friendly, approachable and pride ourselves at our ability to deliver the best outcomes for our clients. Contact us today to see how we can help you.

Notes

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