32-34 Division Street

Sheffield, S1 4GF

32-34 Division Street, Sheffield, Other / Restaurant / Cafe / Retail Lease Assignment - IMG_7740.jpg
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Property Type Other / Restaurant / Cafe / Retail
Tenure Lease Assignment
Size 1,647 sq ft
Rent £37,500 per annum The unit benefits from half rent (£18,750 pax) until 3rd August 2025.
Business Rates £23,827.25 per annum
Service Charge £2,185 per sq ft There is a cap of £2,500 per annum.
Energy Performance Rating This property has been graded as C (54)

Prominent return fronted retail unit located on the junction of Division Street and Carver Street.

Key Points

  • Assignment of an existing lease expiring May 2032.
  • Retail use but suitable for a variety of uses.
  • Nearby occupiers include Rudy's Pizza, Pieminister, Sainsbury's, Cafe Nero and 200 Degrees.
  • In the heart of Sheffield City Centre with excellent footfall.

Description

The subject property comprises a self-contained retail unit with a return frontage to Carver Street, the unit is now empty and vacant possession is available as an assignment of the existing lease from Creams. The premises are mainly on the Ground Floor with access to a rear service yard for secure loading. The first floor extends to a small kitchenette and toilet for staff and a store room.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Rent Availability
Ground - Retail 1,412 131.18 £37,500 /annum Available
1st - Storage/Ancillary 234 21.74 - Available
Total 1,646 152.92

Location

Sheffield is England’s fourth largest city, with a population of over 569,000 and an economy worth over £11bn. Sheffield’s economy is a driving force for a city region of over 1.8m people. An international city with two world class universities and over 60,000 students.The subject property is located on Division Street located in the Devonshire Quarter of the City Centre, with a high footfall linking the residential area of the city to the centre.

Nearby occupiers include Rudy's pizza, Sainsburys Local, Café Nero, 200 Degrees, Brewdog, Turtle Bay, Pitcher & Piano, Mojo and Pieminster. The unit is located just north of the city centre’s Heart of the City Project – redevelopment of part of the are creating 1.5m sqft of new individually designed & repurposed buildings surrounded by enlivened streets and public spaces plus a new urban park. Due to complete early/mid 2023. Please see the link below.

Planning

The subject property benefits from A1 (shop) use now defined as E(a) Retail.