FREEHOLD INVESTMENT OPPORUNITY WITH DEVELOPMENT POTENTIAL (SUBJECT TO PLANNING) Stannington Road, Malin Bridge Sheffield, S6 5FL Stannington Road, Malin Bridge, Sheffield S6 5FL Executive Summary Location Situation / Description / Accommodation Further Information Executive Summary Location Situation / Description / Accommodation Further Information Stannington Road, Malin Bridge, Sheffield S6 5FL Executive Summary An opportunity to acquire an incoming producing 11.5 acre site located in a housing policy area in an established Sheffield suburb. • Commercial investment with development potential • Current income of £57,030 PA derived from 4 occupiers • Previous outline planning consent for 127 residential units • Proposed retail scheme over part Executive Summary Location Situation / Description / Accommodation Further Information Stannington Road, Malin Bridge, Sheffield S6 5FL Location The property is located approximately 4 miles to the north west of Sheffield City The Property Centre in the predominantly residential suburb of Malin Bridge. Malin Bridge is centred on the road bridge over the River Loxley, flanking the property’s northern boundary, and is surrounded by the suburbs of Hillsborough, Wisewood, Walkley and Stannington. Malin Bridge serves as the terminus for Sheffield Supertram’s blue line service, which runs eastwards into the city centre and then onto Halfway. The Property Executive Summary Location Situation / Description / Accommodation Further Information Stannington Road, Malin Bridge, Sheffield S6 5FL Situation The property is situated on the south western side of the aforementioned road bridge, close to the centre of Malin Bridge. The principal access to the property is from Stannington Road. Description Description The property comprises an expanse of terraced land and buildings, currently serving as a commercial property investment incorporating an occupied sports club with playing fields, a used car lot, a salvage yard and a small number of self-contained workshops. The property extends to 11.5 acres (4.7 hectares) and is bound by the River Loxley to the north, open space to the west and housing to the south and east. The buildings on site provide a mixture of construction types but we note generally appear dilapidated. Accommodation The total site area is 11.5 acres (4.7 hectares). Executive Summary Location Situation / Description / Accommodation Further Information Stannington Road, Malin Bridge, Sheffield S6 5FL Further Information Planning The area of the site currently occupied as a salvage yard is understood to have previously benefitted from an Michael Buer outline planning consent dated 2007 for 127 residential units and associated car parking (ref. 06/02017/OUT). 08449 02 03 04 We are informed that the consent was unimplemented and has subsequently expired. GVA The statutory development plan comprises the Core Strategy (CS) (adopted 2009) and the saved policies of [email protected] the Unitary Development Plan (UDP) (adopted 1998). The UDP broadly allocates that part of the site currently covered by hard-surfacing and buildings as a housing policy area. Alex Sweetman We advise all interested parties to make their own town planning enquiries. 08449 02 03 04 GVA Tenure [email protected] We are informed that the property is held freehold under HM Land Registry title numbers SYK119974, SYK108227 & SYK416484. Copies of title plans are available upon request. gva.co.uk/9695 Tenancy We are informed that the property is subject 4 occupations generating a combined gross annual rental of GVA £57,030. Further details are available upon request. City Point, 29 King Street, Leeds LS1 2HL Proposed Retail Scheme We are advised that previous discussions have been held with retailer Sainsbury’s in respect of a small-format Subject to Contract retail outlet located at the property. Further details and plans are available upon request. March 2016 Asking Price Price available upon application. Or for any other investment sales please visit: Supporting Documents Please visit www.gva.co.uk/9695 gva.co.uk/investment London West End London City Belfast Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool Manchester Newcastle Published by GVA 10 Stratton Street, London W1J 8JR ©2015 Copyright GVA GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide, an independent partnership of property advisers operating globally gvaworldwide.com GVA is the trading name of GVA Grimley Limited, conditions under which Particulars are issued GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: i.) The particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. ii.) All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. iii.) No person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. iv.) All rentals and prices are quoted exclusive of VAT. 08449 02 03 04 Reproduced by courtesy of the Controller of HMSO. Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only. gva.co.uk/9695 Stannington Road, Malin Bridge, Sheffield S6 5FL.