Commercial Property for auction in Sheffield

Description

A substantial mixed use investment producing £43,200 approx. per annum fully let which is split into four separate units comprising a commercial retail / office premises and a one bedroom apartment on the ground floor, a good size two bedroom duplex apartment on the first and second floor and a large lower ground floor two bedroom apartment. All apartments are in very good order with modern kitchens, bathrooms / en-Suites and decor. The building is prominently located on Ecclesall Road in the middle of Banner Cross surrounded by a host of local amenities such as coffee shops, bars, restaurants and independent shops as well as being within walking distance of Endcliffe Park and being within easy reach of the Peak District.

Tenancy Information;

Lower Ground Floor - Two Bedroom Apartment - £14,400 pa (£1,200pcm)

Ground Floor - Commercial Premises - £8,400 pa (£700pcm)

Ground Floor - One Bedroom Apartment - £7,200 pa (£600pcm)

First & Second Floor - Two / Three Bedroom Duplex Apartment (£13,800 pa (£1,150pcm)

TOTAL £43,800 per annum (£3,650pcm).

Accommodation

Lower Ground Floor - Two Bedroom Apartment
Living / Kitchen / Diner Room,

Bedroom One,

En-Suite,

Bedroom Two,

En-Suite,

Ground Floor - Commercial Office / Retail Premises
Open Plan Commercial Space,

Separate Office

W.C

Ground Floor - One Bedroom Apartment
Living / Kitchen / Dining Space,

Bedroom One,

Bathroom,

First Floor - Two Bedroom Duplex Apartment
Living / Kitchen / Dining Space,

W.C,

Bedroom One,

En-Suite,

Second Floor - Two Bedroom Duplex Apartment
Bedroom Two,

En-Suite,

Dressing Room / Study,

Costs

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)

• Buyer’s Fee of 2.4% of the purchase price 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.