St Mary's Court, 55 St Mary's Road, Sheffield, S2 4AN
£750,000+
Commercial
Key Features
- An opportunity to acquire a modern three storey city centre office investment totaling 14,609 sq ft
- Total current rent reserved of £128,750 pax with scope to increase. (ERV: £194,792 pa)
- An ideal asset managements opportunity
Part of the
15 August 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a modern three storey city centre office investment totalling 14,609 sq ft. current rent reserved of £128,750 pax with scope to increase to an ERV of £194,792 pa
- A Long Leasehold modern three storey office investment
- Located in a prominent position in Sheffield City Centre
- A 10 minute walk to Sheffield Train Station
- Excellent road links to A61, A57, A630 & A6102
- Close to City amenities: Restaurants, leisure facilities & shops
- Close to Bramall Lane Stadium, home to Sheffield United FC
- 30 miles from Manchester City & Nottingham City
- Nearby occupiers: Decathlon, Waitrose, Sports Direct, The Gym
- Ground floor extends to 4,892 sq ft (Vacant) ERV: (£66,042 pa)
- First & second floor extends to 9,717 sq ft let at £128,750 pa
- Scope to increase income, with a fully let ERV of £194,792 pa
- Benefits from gated car park to the front of the property
- An ideal asset managements opportunity
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 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, Auction Estates, and Vendors Solicitors 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 auction. Prospective Purchasers are advised to check with the auctioneers, Auction Estates, before the sale that the property is neither sold or withdrawn. The Purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Whilst Auction Estates make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry to such sites is entirely at the viewers' risk.
Offered For Sale on a Long Leasehold basis expiring 2116 with a Ground Rent of £100 pa. Subject to the existing Lease of the first & second floors, let to Tribal Education Ltd until February 2028 at £128,750 pa.
Refer to Legal Pack