Six Commercial Shops - Sheffield City Centre
42-52 Chapel Walk, Sheffield, s1 2pd
- 2
Guide Price: *
£300,000
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£180,000Bid history
0 bidsCASH BUYERS ONLY
FANTASTIC INVESTMENT OPPORTUNITY TO PURCHASE 6 SHOPS
OVER 15% YIELD
LONG LEASES
Fantastic opportunity to purchase this block of commercial shops in great location, offering over 15% yield per year. Majority of the shops are on long lease and long term tenants
Net £53,076 per annum
Carpark at the rear included
98 years remaining on superior lease.
TENANCY SCHEDULE
Unit 42 – Element Games – 12 year term – Lease start date 25.08.2021 – Lease end date 24.08.2033 – Rent (pa) – £24,250 Rising to £27,250 (rising £750 each year) – Area sq ft 1,657
Unit 44 -Michelle Walton t/a Birds Yard – 5 year term -Lease start date 02.09.2021 – Lease end date – 01.09.2026 – Rent (pa) -£16,000 – Area sq ft 1,220
Unit 46 – Ronnie O'Sullivan Shop – Lease start date -01.03.2023 -Rent (pa) – £18,000 – Area sq ft 1,220
Unit 48 – Duc Minh Phat Ltd – 6 year lease – Lease start date – 01.05.2022 – Lease end date -30.04.2028 – Rent (pa) £22,000 Rising to £24,000 year 2 onwards – Area sq ft 1,220
Unit 50 – Phoenix Nails and Spa – 6 year lease – Lease start date 01.06.2021 – Lease end date – 31.05.2027 -Rent (pa) £22,000 Year 1-2 – Rising to £24,000 Year 3-4 – £25,000 Year 4-5 – Area sq ft 1,220
Unit 52 – Airwair International Ltd t/a Dc Martins – 5 year lease – Lease start date -11.03.2022 – Lease end date -10.03.2027 – Rent (pa) – £18,000 – Area sq ft 1,080
Total Rent (pa) – £120,250 Rising to £128,250 – Total Area sq ft 7,617
Summary
- Auction end
- 12th Mar at 16:43
- Property type
- Commercial
- Tenure
- Leasehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- N/A
Summary
- Auction end
- 12th Mar at 16:43
- Property type
- Commercial
- Tenure
- Leasehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- N/A
This property is being sold by:
Coventry
02 476 551 840
252 Stoney Stanton Road, Coventry, CV1 4FP
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Cathedral Properties shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Cathedral Properties. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.