Lot
033
Auction: April 2024 Online Auction 24/04/2024 - Bidding opens Tuesday 23rd April 10:00 AM

417 & 417a Ecclesall Road, Sheffield, South Yorkshire, S11 8PG

Property Details
Location
Auction Details
Description
A high profile inner terrace Freehold property located on Sheffield's well know Ecclesall Road, comprising a ground floor retail unit with a good sized 2 bedroom apartment to the upper floors. The ground floor is part of the "Design Studio" and is occupied by way of a 12 year lease until the 1st March 2028 whilst the residential is let for the current and next academic years at £11,024pa increasing to £11,648 from the 1st July 2024, resulting in an overall annual income of £28,148pa
Location
The A625 Ecclesall Road is one of the main arterial routes from the south west into Sheffield and for many years has remained one of the city's most popular locations for businesses in the leisure sector, serving a number of sought after residential areas including Hunters Bar and Greystones, as well as catering for a large student population connected to both of the city's universities. The property is located on the left hand side when travelling from the City Centre just after the turning onto Rosedale Road.
Accommodation

Commercial
Ground Floor 48.06 sqm - Front Sales , Stock Room, Lobby & WC
Residential 
First FloorBreakfast Kitchen, Sitting Room, Front Bedroom  & Bathroom
Second FloorFront Bedroom, Rear Study & WC

Outside
Rear yard and staircase to the flat.
Approx Site Area
Appriximatley 78 Sq M (93 Sq Yds).
Tenancy

Property Lease Terms Rental 
Ground Floor Commercial 12 years from 2nd March 2016 until 1st March 2028£16,500
First & Second Floor Residential 1st July 2023-30th June 2024£11,024

1st July 2024- 30th June 2025 £11,648
TOTAL                                         Up to 30th June 2024£27,524

                                         Up to 30th June 2025£28,148

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.

Energy Performance Certificate =
417 = C
417a = D

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Sheffield 600x300

Sheffield

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