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Property for sale

Sheffield Road, Chesterfield, S41

Removed £225,000

Property Description

Key features

  • Substantial freehold investment
  • Comprises two double fronted retail units
  • Vacant land to the rear of approximately 360 square metres
  • 367-369 let to William Hill on 20 year lease
  • 7,500 per annum with outstanding rent review
  • 371-373 let on 6 year lease at 11,500 per annum
  • Rent review due in August 2018
  • Current income 19,000 per annum with potential for circa 23,000
  • Both properties recently re-roofed
  • High profile position

Full description

367-369 Sheffield Road

Ground Floor
Bookmakers 51.50 square metres (554 square feet)
Kitchenette 4.40 metres (43 square feet)
Staff WC
Disabled Access WC

First Floor and Basement
No access available

Tenancy Details
The property is let to William Hill Organisation Limited for a term of 20 years from 23 July 2010 at £7,500 per annum
Rent Reviews are on 21 July 2015, 2020 and 2025
The 2015 rent review has not been implemented

Rating Assessment
The property is listed as "Betting Shop and Premises" with a Rateable Value of £11,500 effective from 1 April 2017

371-373 Sheffield Road

Ground Floor
Sales Area 38.30 square metres (412 square feet)
Rear Preparation Areas 45.60 square metres (491 square feet)

Basement
Cellar 33.60 square metres (362 square feet)

First Floor
Front Room
Rear Room
WC
Shower / Changing Room

Tenancy Details
The property is let to Andy Sami Star for a term of 6 years from 1 August 2015 at £11,500 per annum
Rent Review is due in 2018

Rating Assessment
The property is listed as "Shop and Premises" with a Rateable Value of £9,100 effective from 1 April 2017

Land to the Rear of 367-373 Sheffield Road
The site to the rear of the premises does not form part of either of the leases although a right of way is reserved in their favour. The approach is via a driveway running between number 1 and 3 King Street North and the site amounts to approximately 360 square metres

Note
Part of the land to the rear has been affected by Japanese Knotweed
This has been professionally treated by Gieglenvironmental Limited and documentation relating to the treatment is available on request

Viewing

Strictly by appointment with the Auctioneers 0114 276 0151

EPC Text

A full copy of the EPCs will be available to view via our website

Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve (see below). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.



Reserve Price: This is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.


Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
12 June 2017

Map & Street View

Disclaimer - Property reference 41601. 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 Mark Jenkinson and son, Sheffield. 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.

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*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.”

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 Mark Jenkinson and son, Sheffield on 0114 2760151.


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