Commercial Property
A substantial three storey grade ll listed landmark building located opposite Tesco, a short distance to the north east of Sheffield City Centre and originally famous cutlery manufacture's premises. The property comprises 5 ground floor retail units (2 being double) together with extensive residential accommodation above being a mixture of self contained flats, Bedsits and rooms with shared facilities.
The ground floor shops are all let producing £33,720pa whilst the upper floors are let and produce a gross income of £95,880pa.
The ground floor comprised 5 retail units, 2 of which are double fronted <br><br>91A Spital Hill - £450 pcm,<br>93-95 Spital Hill - £670 pcm,<br>97-99 Spital Hill - £690 pcm,<br>101 Spital Hill - £450 pcm,<br>103 Spital Hill - £550 pcm,<br><br>TOTAL ANNUAL INCOME £33,720
Comprises 1 self contained flat, 2 Bedsits with En-Suites, 5 Bedsits and 2 Shared Bathrooms.<br><br>Flat 2 - £525 pcm,<br>Room 1 - £450 pcm,<br>Room 2 - £450pcm,<br>Room 3 - £350 pcm,<br>Room 4 - £440 pcm,<br>Room 5 - £300 pcm,<br>Room 6 - £400 pcm,<br>Room 7 - £450 pcm
Comprises 1 self contained flat, 10 Bedsits and 4 Shared Bathrooms <br><br>Flat 1 - £700pcm,<br>Room 8 - £450 pcm,<br>Room 9 - £350 pcm,<br>Room 10 - £390 pcm,<br>Room 11 - £500 pcm,<br>Room 12 - £320 pcm,<br>Room 13 - £400 pcm,<br>Room 14 - £370 pcm,<br>Room 15 - £450 pcm,<br>Room 16 - £325 pcm,<br>Room 17 - £370 pcm
There are 5 storage areas with one let at £100 pcm
Commercial - £33,720pa,<br>Residential - £95,880 pa,<br>Storage - £1,200pa,<br>TOTAL GROSS INCOME £130,800pa,<br>Cost of services are understood to be in the region of
Freehold. Subject to tenancy.
Yes
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
