£46,100 pa
(£24.67/sq. ft. pa)
Retail premises to letSu 12 (Unit 2), Orchard Square, Sheffield S1
1,869 sq. ft
EPC Rating: E
About this property
Prime retail unit over ground and 1st floors (additional visibility from Leopold Street)
Located within Sheffield's Orchard Square shopping centre and close to Fargate
The centre includes retailers such as tk Maxx, Waterstones and Virgin Money, as well as Sheffield Plate food hall, bars and restaurants
Orchard Square has recently undergone major improvement works
Available by way of an assignment (lease expiring 6th December 2030)
Description
The property is arranged over ground and first floor, providing an open plan sales area to the ground floor. There is storage to the first floor and staff facilities. The premises benefits from shop window frontage with visibility from the Fargate entrance side. There is also visibility from the Leopold Street side, although this is utilised as a fire exit / loading access. The first floor also benefits from a window frontage to the inner terrace area.
Location
The property is located within Orchard Square Shopping Centre, located in Sheffield city centre. This prime retail unit is located closest with the entrance from Fargate with rear visibility to Leopold Street.
Orchard Square is an open-air shopping court and exciting leisure destination home to retailers including tk Maxx, Waterstones, Costa, and Virgin Money, Scrivens as well as Sheffield Plate food hall, bars and restaurants such as Proove Pizza Restaurant and Bar.
Orchard Square Shopping Centre has benefited from major improvements with new paving, updated signage & branding, new shopfront awnings, and canopy to the central area.
Rateable Value
From the information obtained from the Valuation Office Agency website the demise is rated as follows:-
Address: 2, Orchard Square, Sheffield, S1 2FB
Description: Shop and Premises
Rateable Value: £39,500
Please note Retail, hospitality and leisure relief may be available. There is a 75% discount relief available on business rates bills for the 2024 to 2025 billing year (1 April 2024 to 31 March 2025). The most you can get in relief each billing year is £110,000 per business.
Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
Lease Terms
The property is available by way of assignment at a current rent passing of £46,100 per annum (we are informed VAT is payable). The lease is for a term of 15 years from 7th December 2015, expiring 6th December 2030. More details are available to interested parties.
Service Charge
We are informed a service charge is administered to cover the cost of repairing, maintaining and cleaning the common parts.
The property is arranged over ground and first floor, providing an open plan sales area to the ground floor. There is storage to the first floor and staff facilities. The premises benefits from shop window frontage with visibility from the Fargate entrance side. There is also visibility from the Leopold Street side, although this is utilised as a fire exit / loading access. The first floor also benefits from a window frontage to the inner terrace area.
Location
The property is located within Orchard Square Shopping Centre, located in Sheffield city centre. This prime retail unit is located closest with the entrance from Fargate with rear visibility to Leopold Street.
Orchard Square is an open-air shopping court and exciting leisure destination home to retailers including tk Maxx, Waterstones, Costa, and Virgin Money, Scrivens as well as Sheffield Plate food hall, bars and restaurants such as Proove Pizza Restaurant and Bar.
Orchard Square Shopping Centre has benefited from major improvements with new paving, updated signage & branding, new shopfront awnings, and canopy to the central area.
Rateable Value
From the information obtained from the Valuation Office Agency website the demise is rated as follows:-
Address: 2, Orchard Square, Sheffield, S1 2FB
Description: Shop and Premises
Rateable Value: £39,500
Please note Retail, hospitality and leisure relief may be available. There is a 75% discount relief available on business rates bills for the 2024 to 2025 billing year (1 April 2024 to 31 March 2025). The most you can get in relief each billing year is £110,000 per business.
Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
Lease Terms
The property is available by way of assignment at a current rent passing of £46,100 per annum (we are informed VAT is payable). The lease is for a term of 15 years from 7th December 2015, expiring 6th December 2030. More details are available to interested parties.
Service Charge
We are informed a service charge is administered to cover the cost of repairing, maintaining and cleaning the common parts.
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