Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £995,000.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
An ideal opportunity for investors! We are delighted to bring this impressive building situated on Glossop Road to the market for sale. This property consists of 2 retail units (with current leases in hand), 2 x 5 bedroom flats and 1 x 4 bedroom flat offering student accommodation with tenancy agreements in place until 30th June 2024 and 5 x 1 bedroom flats each occupied by working professionals. Ideally located within a few minutes' walk to the University of Sheffield, Sheffield City Centre, Devonshire Quarter and popular West Street.
Due to its unique location, this property is attractive to students and working professionals alike and receives plenty of footfall for University of Sheffield, Sheffield Hallam (City & Collegiate campuses) and working professionals in the city centre.
This is an ideal investment opportunity as the property currently generates rental income of circa £120,000 per annum however, there is scope to increase rental income nearer to £140,000 per annum. All flats are fully occupied. Two retail units have long leases of 9 & 15 years with clauses offering rental reviews every 2 years.
This property is offered for sale via online auction with no forward chain. Terms & Conditions Apply. An internal inspection is highly recommended.
Starting Bids: £995,000
AUCTION ENDS 29 OCTOBER 2023 AT 1PM.
*** VIEWING HIGHLY ADVISED *** Call our office for more information and to arrange your viewing. We are open 7 days a week from 8am to 8pm.
Auctioneer's Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Neither Nicholas Humphreys Estate Agent (Sheffield - Broomhill & Crookes) nor the vendor or lessor accept any responsibility in respect of these particulars which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Viewings are highly recommended. Please contact Nicholas or Sue at our office to arrange your viewing or e-mail at All viewings are by appointment only.
Mains water, gas and electricity are available to the property but none of these, nor any of the appliances attached thereto, have been tested by Nicholas Humphreys, who gives no warranties as to their condition or working order. Telephone service is subject to suppliers' regulations.
If you have a property to sell, please contact us to arrange your free valuation.
Sheffield City Council, Town Hall, Pinstone Street, Sheffield, South Yorkshire, S1 2HH
Fixtures, Fittings & Appliances
The mention of any fixtures, fittings and/or appliances does not imply they are in full efficient working order.
Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale.
Every care has been taken to reflect the true dimensions of this property but they should be treated as approximate and for general guidance only.
Where an offer is successfully put forward we are obliged by law to ask the prospective purchaser for confirmation of their identity. This will include production of their passport or driving licence and a recent utility bill to prove residence. This evidence will be required prior to solicitors being instructed.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on these Particulars of Sale as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this agent's employment has the authority to make or give any representation or warranty in respect of the property.
Call our office for more information and to arrange your viewing.
Hours of Business
Our office is open 7 days a week from 8am till 8pm.
EPC rating: Unknown. Council tax band: X, Tenure: Freehold,