Retail premises to let in Gibraltar Street, Sheffield S3

Key Points

Description

151 Gibraltar Street provides a retail premises, with accommodation at ground floor including; sales area, kitchenette and WC facilities. The basement offers storage accommodation. The property benefits from a traditional shop frontage with good natural light. The property includes laminate flooring, inset door entrance, spot lights, radiators, and fitted kitchenette to the rear. The property benefits from water, electricity, gas and drainage.

Location

The property is located on Gibraltar Street which is a thoroughfare between Sheffield city centre and Kelham Island. The property is located within a retail parade of shops with traditional shop window fronts. The location is within and surrounded by areas undergoing regeneration including Kelham Island, West Bar and Sheffield City centre.

Within the parade there are a number independent occupiers including Pearson & Earl’s Barbershop, M Hotpot or Skewer, Lost in West Bar, Native Restaurant, and W Cake or Bread. The property is located opposite the Shakespeare public house, and within walking distance of The Gym Group, Riverside Kelham, Tesco Express, The Fat Cat, etc.

Rating Assessment

Based on information obtained from the Valuation Office Agency websites the demise is rated as follows:-

Address: 151, Gibraltar Street, Sheffield, S3 8UA
Description: Shop and premises
Rateable Value: £2,075

The property should qualify for Small Business Rate Relief. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes

Planning

We are informed the property was most recently occupied as a retail (Class E) use. The property may be suitable for a variety of retail and service uses and we would encourage interested parties to verify that their intended uses are suitable with Sheffield planning authority.

Lease Terms

The property is available on a new lease on terms to be agreed, for a minimum of a 3 year lease.

Rent Deposit

The landlord will seek a rent deposit to be held over the terms of the lease.

Rent

£12,000 pa. Rent to be paid monthly or quarterly. We are informed VAT is not payable on the rent.