Office for sale in High Street, Sheffield S1

From £649,999 (£89.09/sq. ft)
Office for sale 7,296 sq. ft*
Interested in this property? Call +44 114 446 9322 * or Request Details

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Property description

Key Points

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

    Or

    Martin Crosthwaite at Crosthwaite Commercial
    Telephone: Email:

    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.

    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

    £649,999. Freehold interest offered with vacant possession on completion. VAT will be payable on the purchase price.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    SMC Chartered Surveyors, S1 on +44 114 446 9322 * (local rate)

    Contact SMC Chartered Surveyors about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SMC Chartered Surveyors, and do not constitute property particulars. Please contact SMC Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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