Commercial Property
DRAFT DETAILS
Lydgate House is a Freehold detached property with additional freehold detached two storey annexe building with a net tenantable area of approximately 8,600 Sq. Ft. (Total Area 10,500 Sq. Ft.)
There are some 20 individual office spaces that are either currently tenanted or available to let.
In addition to the office space there are separate meeting rooms, three kitchens, three toilet blocks and sixteen on-site parking bays (with ample on-road parking also available).
The property is positioned between Crookes and Broomhill, to the west of Sheffield City Centre.
Current rental - £70,484 per annum.
Total rental potential - circa £135,815 per annum
The building could lend itself to student accommodation, subject to the usual planning consents (if vacant possession was acquired). See artists impression for example.
PLEASE NOTE:
The vendors have stated that he deposit upon exchange of contracts for this property will be 15% of the purchase price.
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
