Property for saleSheffield Road, Chesterfield, S41
- 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
367-369 Sheffield Road
Bookmakers 51.50 square metres (554 square feet)
Kitchenette 4.40 metres (43 square feet)
Disabled Access WC
First Floor and Basement
No access available
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
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
Sales Area 38.30 square metres (412 square feet)
Rear Preparation Areas 45.60 square metres (491 square feet)
Cellar 33.60 square metres (362 square feet)
Shower / Changing Room
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
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
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
Strictly by appointment with the Auctioneers 0114 276 0151
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)
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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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