(GROSS YIELD 16.3%)
6 WEEK COMPLETION
IN THE SAME FAMILY OWNERSHIP FOR APPROX. 40 YEARS
Occupying a prominent trading position along this popular retail thoroughfare, amongst such multiples as NatWest,
B & M, Halifax, Reeds Rains, The British Heart Foundation, Martin & Co and many more, all serving the surrounding residential area.
Hillsborough is home to Simpkins Sweet Factory and Sheffield Wednesday Football Club and is located approx. 2 miles north-west of Sheffield City Centre benefitting from good road links via the A61 which links to the M1 (Junction 26).
A mid terraced building comprising a Ground Floor Shop with external access to both Ancillary Accommodation on the first floor and a Basement.
Ground Floor Shop
Gross Frontage 12'1"
Internal Width 11'9"
Shop & Built Depth 29'7"
First Floor AncillaryArea Approx. 235 sq ft
Area Approx. 320 sq ft
VAT is NOT applicable to this Lot
Leasehold for a term of 800 years from 25th March 1879 at a fixed ground rent of £12 p.a. (not demanded for many years).
The entire property is let on a full repairing and insuring lease to Brook Bakery Limited (having 5 branches - visit: brookbakery.co.uk) (with personal guarantor) for a term of 1 year from 24th June 2016 (holding over - see Note) at a current rent of £8,150 per annum exclusive.
Note: The tenant has been in occupation for approximately 15 years.