of

367-373 Sheffield Road, Chesterfield, S41 8LL

  • Substantial freehold investment
  • Comprises two double fronted retail units
  • Vacant land to the rear of approximately 360 square metres
  • 367-369 let to William Hill on 20 year lease
  • £7,500 per annum with outstanding rent review
  • 371-373 let on 6 year lease at £11,500 per annum
  • Rent review due in August 2018
  • Current income £19,000 per annum with potential for circa £23,000
  • Both properties recently re-roofed
  • High profile position

A full copy of the EPCs will be available to view via our website

367-369 Sheffield Road

Ground Floor

Bookmakers 51.50 square metres (554 square feet)
Kitchenette 4.40 metres (43 square feet)
Staff WC
Disabled Access WC

First Floor and

Basement

No access available

Tenancy Details

The property is let to William Hill Organisation Limited for a term of 20 years from 23 July 2010 at £7,500 per annum
Rent Reviews are on 21 July 2015, 2020 and 2025
The 2015 rent review has not been implemented

Rating Assessment

The property is listed as "Betting Shop and Premises" with a Rateable Value of £11,500 effective from 1 April 2017

371-373 Sheffield Road

Ground Floor

Sales Area 38.30 square metres (412 square feet)
Rear Preparation Areas 45.60 square metres (491 square feet)

Basement

Cellar 33.60 square metres (362 square feet)

First Floor

Front Room
Rear Room
WC
Shower / Changing Room

Tenancy Details

The property is let to Andy Sami Star for a term of 6 years from 1 August 2015 at £11,500 per annum
Rent Review is due in 2018

Rating Assessment

The property is listed as "Shop and Premises" with a Rateable Value of £9,100 effective from 1 April 2017

Land to the Rear of 367-373 Sheffield Road
The site to the rear of the premises does not form part of either of the leases although a right of way is reserved in their favour. The approach is via a driveway running between number 1 and 3 King Street North and the site amounts to approximately 360 square metres

Note

Part of the land to the rear has been affected by Japanese Knotweed
This has been professionally treated by Gieglenvironmental Limited and documentation relating to the treatment is available on request

Viewing:

Strictly by appointment with the Auctioneers 0114 276 0151

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