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Lot 50Sold: £102,000

56 Middlewood Road, Hillsborough, Sheffield, South Yorkshire S6 4HA

  • Photo1

Lot 50 details

(GROSS YIELD 16.3%)
6 WEEK COMPLETION
IN THE SAME FAMILY OWNERSHIP FOR APPROX. 40 YEARS

SITUATION

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).

PROPERTY

A mid terraced building comprising a Ground Floor Shop with external access to both Ancillary Accommodation on the first floor and a Basement.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 12'1"
Internal Width 11'9"
Shop & Built Depth 29'7"
First Floor AncillaryArea Approx. 235 sq ft
WC
Basement
Area Approx. 320 sq ft

VAT is NOT applicable to this Lot

TENURE

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).

TENANCY

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.

Enquire about this lot:

Photo of JOHN BARNETT

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of ELLIOTT GREENE

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.