Unique investment opportunity to acquire partially let roadside business premises - suitable for a variety of uses
Summary
- Investment opportunity: freehold interest for sale
- 2 x single storey premises (1 large; 1 small)
- 75 The Common (large unit) vacant and available
- 77 The Common (small unit) let and producing income of £12,500 pa
- Prominently located in the heart of Ecclesfield
- Ample staff and customer parking
- Suitable for a variety of uses - offices/showroom/trade etc
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | Availability |
| Ground - Main Building | 2,047 | Available |
| Ground - Smaller Building | 410 | Available |
| Total | 2,457 |
Location
Ecclesfield is popular suburb to the north of Sheffield. Close by are a number of commercial occupiers ranging from the likes of Aldi to DPD.
The building itself is situated on the corner of Nether Lane and The Common (A6135) one of the main thorough fares leading into Sheffield City Centre from the North.
Get directions from Google Maps
Mainline Stations
-
Chapeltown (South Yorkshire)22 mins
-
Meadowhall55 mins
-
Elsecar76 mins
-
Rotherham Central83 mins
Underground Station
-
Chesham2423 mins
-
Amersham2464 mins
-
Chalfont and Latimer2482 mins
-
Chorleywood2510 mins
Further Information
Price £475,000.00
Rates Payable Upon Enquiry
Description
The freehold property comprises 2 highly visible single storey business units (1 large; 1 small). Externally the property is accessed from Nether Lane and provides ample customer and staff parking. Please see the plan which you can download from this listing. In terms of the 2 business units:
- 75 The Common is vacant and provides accommodation across the ground floor. It is currently split into a number of separate working environments with associated WC and kitchen facilities. It is decorated to a high standard throughout and benefits from comfort cooling. The building is accessed primarily via a glass customer entrance with staff and fire access points to the rear.
- 77 The Common is currently let. The lease expires on 13 December 2033 and the current passing rent is £12,500 pax. A copy of the lease is available to interested parties on request (which contains Rent Review provisions).
The Opportunity
We believe the property provides an excellent opportunity to acquire a part income producing investment in the form of 77 The Common and to either operate their own business or also let 75 The Common.
At expiry/renewal of the 77 The Common tenancy, there is opportunity to increase the rent receivable or take possession.
Terms
The freehold property is available to purchase for £475,000 (no VAT is payable) subject to the tenancy that is more particularly described in the "Description" section above. Please note that 75 and 77 The Common will not be sold separately.
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