150 Machon Bank, Nether Edge, Sheffield, S7 1GR

Description
The property is a single storey extension which is attached to a larger three storey property currently being used as
a beauty salon. The L-shaped unit with an external WC.

Location
The property is located with corner frontage to Abbeydale Road and Machon Bank / Empire Road, approximately 2 miles south west of Sheffield city centre. Abbeydale Road is a busy main arterial route servicing Sheffield city centre. The surrounding area is a suburb with retailers, restaurants, and leisure occupiers serving the nearby residential areas of Abbeydale, Netheredge, and Meersbrook.

Notable occupiers within the area include Tesco, Virgin Active Gym (within Broadfield Court Office Park), Broadfield Public House, Two Thirds Beer Co., Barrowboy, and various other shops, bars, restaurants and cafes.

Planning
The premises are understood to have Class E Use. Under the changes to the Use Class Order effective from 1st September 2020, we note 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.

Interested parties are advised to satisfy themselves with the Sheffield planning authority that their use is acceptable under these new changes.

Rating Assessment
From the information obtained from the Valuation Office Agency website we understand the offices are is rated as follows:-

Address: 150, Machon Bank, Sheffield, S7 1GR
Description: Shop and premises
Rateable Value: £4,000

Small business rate relief should apply for an ingoing occupier. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.

Lease Terms
The property is available on a new lease, of a minimum 3 years. The landlord will not allow beauty uses or uses which compete with the tenant to the attached building. The landlord would prefer non food related uses.

Rent
£5,000 per annum. We are informed VAT is NOT payable on the rent. Rent to be paid monthly or quarterly.

Rent Deposit
The landlord will seek a rent deposit (ideally 3 month rent deposit) to be held over the term of the lease.