9 Penistone Road Grenoside, Sheffield S35 8QH

For sale by Unconditional Online Auction.

A mixed-use investment opportunity in Grenoside, Sheffield. Currently part-let producing £1,655 per calendar month.

A substantial property providing huge potential, comprising of a three-bedroom house, a hair salon, swimming pool with changing facilities and three lettable buildings at the rear. A full breakdown can be found below.

The property occupies a large plot with off road parking to the front and further space for parking and gardens at the rear. It is situated in the popular town of Grenoside, with all necessary amenities and services nearby including shops, schools, transport links and a selection of pubs and restaurants.

The main three-bedroom house is let at £895 pcm and has further space in the loft which could be utilised to improve the income, subject to planning. The Hair Salon is currently let below market value, at £500pcm. The swimming pool and changing rooms were previously let to a swimming club but are now unused and have been drained. There are also three other buildings at the rear of the property, two of which are currently let at £130 pcm which is again below market value. The other one is currently vacant, providing further potential to improve the income.

Given the space available and the location of the property, we believe it would suit a variety of potential uses, subject to all relevant consents.

Hair Salon 313 sq ft
Main House 1,184 sq ft
Swimming Pool and Changing Facilities 1,087 sq ft
Room 1 407 sq ft
Room 2 112 sq ft
Room 3 106 sq ft 9

Total 3,207 sq ft.

Mobile Phone Coverage O2, EE, Three and Vodafone are available in this location.
Satellite and Cable TV Availability BT and Sky are available in this location.
Broadband (estimated speeds) Standard 4 mbps. Superfast 59 mbps.
Construction Material Cavity wall, as built, no insulation (assumed). Information taken from EPC.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: E

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.