321-325, Sheffield Road, Chesterfield, S41

Offers in the region of : £ 620,000

Type: Commercial
  • Commercial

26536418
  • Blue Tooth Tattoo studio 1,023 sq.ft., 103.2 sq. m
  • E-Cig shop 340 sq. ft., 31.62 sq. m approx. NIA
  • First floor office suite 456 sq. ft., 42.37 sq. m
  • Rejuvenation Beauty salon
  • 1,096 sq. ft., 101.32 sq. m approx. NIA
  • Overall NIA 2,915 sq. ft., 270.8 sq. m approx.
  • Rents under lesae circa £29,400 pa ext.
  • Rental value Rejuvenation £15,600 pa exc.

Vendors

Mr. Peter Hardy.

Viewing

Available by arrangement with the Selling Agents and by courtesy of the tenants in occupation.

Services

All the usual mains services have previously been connected to serve the premise as a whole, generally to include mains gas, water, electricity and drainage services separate or individual connection to each of the properties concerned to be confirmed through inspection and enquiry

Tenure

Advised freehold - Title Deeds and documents have not been examined by ourselves, held under Registered Title reference Nos. DY149292, DY47529 & DY49471.

Non-domestic Rates

The premises as currently configured are entered in the current Rating List as follows

317/319 Sheffield Road shop and premises - £8,500 Rateable Value

Front of 321 Sheffield Road shop and premises - £4,400 Rateable Value

321-325 Sheffield Road shop and premises - £4,850 Rateable Value

Local Authority

The premises are situated within the Chesterfield Borough Councils administrative area

Terms Of Sale

The property is offered for sale subject to and with the benefit of the two leases currently in place and in respect of which the existing businesses are to be unaffected.

1.Black Tooth tattoo studio, No.317/319 Sheffield Road - we are advised of a three year full repairing lease at a current rental price of £13,800 per annum payable at the rate of £1,150 per calendar month exclusive of non-domestic rates, V.A.T. And the usual tenants outgoings.

2.The ground floor lock-up E-cig shop is let on a rolling year-to-year tenancy at a current rental price of £10,800 per annum payable at the rate of £900.00 per calendar month exclusive of non-domestic rates, V.A.T. And the usual tenants outgoings.

3.First floor office suite £4,800 per annum, £400.00 per calendar month

4.Rejuvenation beauty salon and premises as configured available with vacant possession since recent closure due to ill health.

Consideration will be given to re-letting Rejuvenation at £15,600 per annum payable at the rate of £1,300 per calendar month exclusive of non-domestic rates, V.A.T. And the usual tenants outgoings.

Therefore potential rental return £45,000 per annum payable at the rate of £3,750 per calendar month exclusive of non-domestic rates, V.A.T. And the usual tenants outgoings.

N.B. A certain amount of flexibility is available with regard to re-letting the vacant accommodation..

Similarly in connection with a sale, the owner has indicated a willingness to consider separate sales of the constituent parts subject to discussion and agreement over configuration and at a commensurate price.

Solicitors

To be appointed and details advised.

Location

This substantial block of investment properties is situated in the prominent main road location at Sheffield Road, Whittington Moor at the junction with Pottery Lane West, lying approximately two miles to the north of Chesterfield town centre and on the south side of the busy Whittington Moor local neighbourhood suburban shopping and business centre.

This busy local neighbourhood business area has seen in recent years the development of the Chesterfield Football Clubs Proact Stadium, nearby Tescos superstore and Aldi, on the opposite side of Sheffield Road, Stand Park Business Park, T-Mac Control Systems, Andrew Page Motor Factors, Spire Windscreens and laminate floor sales represented, the motor trade is well represented in this locality to include the large Bristol Street Motors main dealership premises, Grove Garage, carpet and floor covering retailers King Carpets and many other established well known trades and businesses.

Rejuvenation is an extremely well patronised professional beauty and skin care salon successfully trading until very recently, when the owner suffered ill health and decided to close down the operation in favour of selling the property investments with part possession, consideration will however be given to re-letting Rejuvenation which still retains all the fixtures, fittings and equipment which were in use until recently, these together with business assets may be purchased separately to the freehold property if and as required.

General

The freehold investment properties comprise a block of originally five substantial two storey properties of conventional brick construction under tiled or slated roofs on what is considered to be a retail frontage to Sheffield Road prominently at its junction with Pottery Lane West.

The properties have been substantially upgraded and generally well fitted under present ownership, the business trading as Rejuvenation enjoyed an excellent reputation in respect of the expert professional services provided, the business still trading very successfully until the absentee owners recent decision to close the operation due to ill health in favour of selling the property investments freehold, part let part with vacant possession.

The business trading as Rejuvenation has been successful for the last 14 years previously winning the Best Beauty Salon in the country title in 2005, the premises are set up to trade should someone wish to acquire the business and the assets thereof.

Rejuvenation is extremely well fitted out and equipped with welcoming ground floor reception, various individual treatment rooms, gas central heating, double glazing, some air-conditioning noted to include energy efficient LED lighting, exterior frontages protected by electrically operated roller shutters when closed for business.

At the rear there is a yard with decking, raised water feature/fish pond.

The E-Cig shop comprises a ground floor lock-up sales unit with display window frontage, laminate flooring, central heating radiator fed from Rejuvenation next door, at the rear staff room/store which also houses the low flush wc suite and a wash hand basin, above is office accommodation separately let and occupied.

In a most prominent corner position is the Black Tooth tattoo studio, configured over two floors with display window frontage, uPVC double glazing, some air-conditioning.

Considered a valuable well situated freehold investment opportunity part let, with excellent rental potential, consideration will be given to re-lett

Accommodation

The interior accommodation briefly includes

Retail Sales Floor Space Totalling

484 sq. Ft., 44.96 sq. M

Under Stairs Stores

17 sq. Ft., 9.6 sq. M

Toilet

With wc, whb installed

Ground floor sub total NIA - 501 sq. Ft., 46.54 sq. M

Studio Areas Totalling

415 sq. Ft., 38.55 sq. M

Laser Room

107 sq. Ft., 10 sq. M

First floor area sub total - 522 sq. Ft., 48.6 sq. M

We estimate the overall net internal area at 1,023 sq. Ft., 95.04 sq. M

Retail Sales Shop Extending To

340 sq. Ft., 31.62 sq. M

Store Room

Including staff and toilet facilities

Net internal area retail sales - 340 sq. Ft., 31.62 sq. M

Four Offices

456 sq. Ft., 42.37 Sq. M

Toilet

With wc, whb installed

Net internal areas - 796 sq. Ft. 73.95 sq. M

Frontage Retail Reception Area

314 sq. Ft., 29.17 sq. M

Two Treatment Rooms, Sunbed & Sun Shower Rooms

223 sq. Ft., 20.72 sq. M

Utility Room

36 sq. Ft., 3.34 sq. M

Toilet

With wc, whb installed

Ground floor net internal area - 573 sq. Ft., 53.23 sq. M

Four Treatment Rooms

All extending to - 523 sq. Ft., 48.59 sq. M

We estimate the overall net internal area attributable to Rejuvenation to be - 1,096 sq. Ft., 101.81 sq. M

OVERALL NET INTERNAL AREA - 2,915 q. Ft., 270.80 sq. M

Outside

The properties are flush to the pavement at the front with prominent retail trade frontage, to the rear there are enclosed yards allowing access and egress across the rear of the properties concerned.

A valuable freehold investment opportunity with part possession, re-letting of vacant part, with or without fixtures, fittings and equipment etc. Will be considered together with elements of reconfiguration and separate sales of individual parts offers and suggestions are welcomed.


For further information and viewing please contact the Selling Agent through whom all offers and negotiations should be conducted

16-8095AJT

Date: 5th October, 2016

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