Description

Key PointsProminently located in Sheffield city centre close to Fargate shopping areE Class planning consent (allows A1, A2, A3, B1 D1 Uses)Nearby occupiers include; Sainsbury's, Halifax, Natwest, McDonalds, Sports Direct, amongst many moreFreehold (For Sale) or Leasehold (To Let) options availablePotential for residential conversion of upper floorsDescriptionThe 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.ViewingsFor further information or viewings, please contact joint agents:Francois Neyerlin at SMC Chartered SurveyorsTelephone: Email: OrMartin Crosthwaite at Crosthwaite CommercialTelephone: Email: LocationThe 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 ValueZero 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 2GEDescription: Offices and premisesRateable Value: £122,000.Interested parties are advised to make their own enquiries with the local authority for verification purposes.Availability / SplittingThe client may consider letting the ground floor separately from the upper floor to suit requirements. For more information please get in touch.PlanningThe 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 PotentialA 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.LeaseThe 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. For more details and to contact: