NOW LET - 14 - 16 Division Street

Address:	14 - 16 Division Street Sheffield
Postcode:	S1 4GF
Square Feet:	605
Square Metres:	56.20

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Description

NOW LET

LOCATION:
This tidy retail unit is located in the heart of the Devonshire Quarter in the Sheffield city centre occupying a prominent corner site/position on Division Street.

The Devonshire Quarter is a noted fashion and leisure destination in the city centre with significant new developments such as the successful West One mixed use scheme at the head of the quarter boasting a range of bars, high quality fashion outlets etc. such as the U.K.’s largest Vodka Revolution, Antibo’s, Los Iguagas, Brother to Brother, Budgens etc.

Other occupiers of note in the immediate vicinity to the property include John Lewis, G Star Raw, Spa, Lloyds and Yates to name just a few.

DESCRIPTION:
The unit comprises a prime lock up retail unit having a good frontage onto Division Street and return frontage onto Carver Lane.

The premises have traded as a high quality fashion retail outlet for many years and are generally open plan in layout, although there are 2 partitioned changing rooms off the main retail area and a stock room/ W.C.s. The unit is offered to let with all high quality existing fixtures and fittings in situ. The premises benefit from air conditioning

ACCOMMODATION:
The building comprises the following approximate floor areas:

                                                          SQ.M

Frontage                                           7.27m

Depth                                                7.27m

Ground Floor Sales                           Approx. 605 sq.ft.


RATING:
We are verbally advised by the Sheffield City Council Business Rates Department that the premises attract the following assessment:

                            Rateable Value:               £ 16,250

            Description:                      Shop and Premises.

PLANNING:
The existing planning is for A1 - interested parties are advised to consult the Planning Authority for verification.

LEASE:
The premises are available either:

A.     On a new Lease for a term and rental to be agreed.

B. On the balance of an existing Lease expiring 2010 where the current rent passing is £ 23,700 per annum, exclusive of rates and VAT

ANNUAL RENTAL:
If option A is preferred, then please consult with the agents over the likely new rent payable. This will be fixed for 5 years and all rental figures quoted are exclusive of rates and VAT.

INGOING PREMIUM:
An ingoing premium is required form the benefit of the existing Lease and fixtures and fittings, as viewed on the property.

VIEWING:
Is by prior appointment via the sole retained agents: -

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