Next auction Thursday 15th August 2.30PM

280 London Road, Sheffield, South Yorkshire, S2 4NA



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Guide price

£140,000


Property Type

Mixed Use


Key Features

  • Restuarant and 2 flats (1 vacant)
  • Current income of £14,400 per annum
  • Potential income when fully let £19,800 per annum

Part of the 14 December 2017 auction
Nottingham Racecourse at 2.30PM

Part let freehold investment consisting of ground floor restaurant and two first floor self contained two bedroom flats. Combined income of £14,400 pa

  • Freehold part let investment
  • Located on London road, a main arterial route into Sheffield
  • GF restaurant measuring circa 786 sq ft
  • Seating area to from with kitchen and storage to rear
  • GF is let on 5 year FRI lease from June 2015 at £9,000 pa
  • Two self contained flats accessed from rear of the property
  • 280B is currently vacant
  • 280B: 2x double bedrooms, bathroom, kitchen, living room
  • 280A 12 month AST from 1st July 2017 at a rent of £5,400 pa
  • 280A has not been inspected by Auction Estates

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold Investment subject to ground floor restaurant on 5 year FRI lease from June 2015 at £9,000 pa, flat 280A on 12 month AST from 1st July 2017 at a rent of £5,400 pa and vacant flat at 280B

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