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425 Halifax Road, Sheffield, South Yorkshire, S6 1AF
Guide Price* : £175,000 plus
DAY NURSERY INVESTMENT
Upon Instructions of
Joint Law of Property Act Receivers
- Income Producing Day Nursery Investment
- Producing Rental Income of £14,400 Per Annum
- Long Leasehold (114 Years Unexpired)
- Popular Location within Sheffield
Description
The property comprises a predominantly two storey building that has been converted and extended to operate as a children’s day nursery. It is registered to accommodate up to 53 children aged between 1 and 4 years.
Constructed using traditional masonry, the building is set beneath a combination of pitched and hipped slate covered roofs. The original central section features a single storey bay window projection to the front elevation, constructed in brick with a flat roof. To the south, there is a single storey brick-built extension with a pitched tiled roof. To the north, the property includes a part single storey and part two storey extension. The property is fitted with replacement double-glazed uPVC windows throughout.
The building provides approximately 289.63 sq m (3,118 sq ft) of gross internal area (GIA).
Access is via a single entrance/driveway from Halifax Road, leading to a small tarmacadam car park located at the front of the property. Surfaced walkways connect the car park to the main entrance and provide further access to the rear.
To the rear, there is a dedicated children’s play area surfaced with artificial grass (Astro-turf), enclosed by soft landscaping and a grassed area behind a timber picket fence.
The total site area extends to approximately 0.094 hectares (0.233 acres).
Location
The property is situated at the junction of Halifax Road (A61) and Cowper Avenue, on the outskirts of Parson Cross, a residential suburb approximately 3.7 miles northwest of Sheffield City Centre.
The surrounding area comprises predominantly terraced and semi-detached housing, much of which is of local authority origin. Retail amenities within approximately 0.5 miles include an Asda Superstore and a Lidl. Kilner Way Retail Park is located nearby and offers a range of retail and leisure facilities, including TK Maxx, Dunelm, Home Bargains, Halfords, Buzz Bingo, and a 24-hour JD Gym.
Tenure
*The property is held Leasehold under Title Number SYK358799. We have obtained a copy of the lease from Land Registry which states the property is held for 200 years from 1 September 1939 at a rent of £21.00 per annum (114 years unexpired).
Tenancy
The property is subject to a lease dated 1 March 2023 for a term of 5 years at a rent of £14,400 per annum.
Planning Authority
Sheffield City Council - www.sheffield.gov.uk
VAT
Refer to the legal documentation
Energy Performance Certificate
E:122
Note
*The lease is handwritten and presents challenges in interpretation. It appears to contain references relating to the permitted use of the property; however, we strongly advise interested parties to obtain independent legal advice to clarify these matters.
Accommodation
| Address | Accommodation | Sq M | Sq Ft |
|---|---|---|---|
| Ground Floor | Day Nursery | 160.73 | 1,730 |
| First Floor | Day Nursery | 128.89 | 1,387 |
| Total GIA | 289.63 | 3,118 |
Contact
Joint auctioneers
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
** If you take up this service, Dynamo may pay a referral payment of up to 20% of the procuration fee received by Dynamo from the relevant lender on completion of the mortgage to us. This is not paid by you and has no impact on the service provided. Dynamo is a trading name of Dynamo Mortgages Limited, which is part of the same group of companies as Lambert Smith Hampton, owned by Connells Limited.
If you take up this service you will agree your own separate contract with Dynamo, and Lambert Smith Hampton is not responsible for the accuracy, quality or suitability of any advice, recommendations or services provided to you.
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Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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