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AGENT'S DETAILS


26-28 High Street

For sale: POA|To rent: ROA|7296 Sq Ft|Office, General Retail, Leisure Property, Restaurants/Cafes, Other, Residential, Offices, Retail, Licensed & Leisure, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
TO RENTROA
SIZE7296 Sq Ft
ADDRESS26-28 High Street, Sheffield, S1 2GE
TYPEOffice, General Retail, Leisure Property, Restaurants/Cafes, Other, Residential, Offices, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENURETo Let, For Sale Freehold, For Sale Leasehold
POSTED ON21st October 2020

DESCRIPTION

Key Points

  • Prominently located in Sheffield city centre close to Fargate shopping centre
  • E Class planning consent (allows A1, A2, A3, B1 & D1 Uses)
  • Nearby occupiers include; Sainsbury's, Pizza Hut, Halifax, Natwest, McDonalds, Sports Dircect, amongst many more
  • Freehold (For Sale) or Leasehold (To Let) options available
  • Potential for residential conversion of upper floors
  • Summary

    Freehold City Centre Building over Basement, Ground Floor and Four Upper Floors

    Description

    The property is a former bank premises providing 5 levels of accommodation with basement. The ground floor provides double height glazed frontage and an open plan retail/office space. The upper floors offer ancillary office space with the basement providing storage accommodation. A rear staircase provides access to the upper floors.

    Viewings

    For further information or viewings, please contact joint agents: Francois Neyerlin at SMC Chartered Surveyors Telephone: 0114 281 2183 Email: francois.neyerlin@smcommercial.co.uk or Martin Crosthwaite at Crosthwaite Commercial Telephone: 0114 272 3888 Email: martin@crosthwaitecommercial.com

    Location

    The property occupies a prominent position on High Street, a busy retail area close to the pedestrianised shopping area of Fargate in Sheffield City Centre. The immediate area benefits from excellent transport links with High Street being located along a central tram and bus route. High Street comprises a variety of shops and leisure occupiers and tenants in the immediate vicinity include Santander, Sainsbury's, Halifax, Natwest, Wetherspoons, McDonalds, Sports Direct, Boots, and many more.

    Promo

    Freehold or Leasehold Available

    Rateable Value

    Zero rates payable until 1st April 2021 as a Government tax break following the Covid-19 Pandemic for for retail, hospitality and leisure businesses. Prior that and from information obtained from the Valuation Office Agency websites the demise is rated as follows:- Address: 26-28 High Street, Sheffield, S1 2GE Description: Offices and premises Rateable Value: £122,000. Interested parties are advised to make their own enquiries with the local authority for verification purposes.

    Availability / Splitting

    The client may consider letting the ground floor separately from the upper floor to suit requirements. For more information please get in touch.

    Planning

    The premises are understood to have A2 consent. A planning consent was granted for conversion of the 2 upper floors to residential (4 x 2 bed flats) however this was not implemented and has now lapsed. Under the changes to the Use Classes Order effective from 1st September 2020, we understand that these premises now benefit from an E class planning consent. This allows the premises to be used for the former A1 (retail), A2 (financial and professional services), A3 (restaurant), B1 (offices) and D1 (clinics, health centre and day nursery) uses, without the need for a change of use. Interested parties are advised to satisfy themselves with Sheffield planning authority that their use is acceptable under these new changes.

    Residential Potential

    A feasibility assessment has been carried out showing potential for conversion of the upper floors to 6 flats (2 x 1 bed and 4 x 2 bed). Further details can be provided upon request.

    Lease

    The property is available to let by way of a new lease for a term to be agreed. Rent on application. VAT will be payable on the rent.

    Price

    Price on application. Freehold interest offered with vacant possession on completion. VAT will be payable on the purchase price.

    LOCATION

    Location: 26-28 High Street, Sheffield, S1 2GE

    Sheffield (0.4 miles)

    Darnall (2.3 miles)

    Meadowhall (3.3 miles)

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