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Lot

008

Auction: 28th September 2026 Multi-Lot Timed Auction 28/09/2026 - Bidding opens Monday 28th September 1:00 PM

40-50 Castle Square, Sheffield, South Yorkshire S1 2GF

Guide Price

£750,000 plus

Additional Costs / Fees will apply

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Property Details

Location

Auction Details

Description

A landmark Sheffield building forming a familiar sight when approaching the city centre from Park Square roundabout and exceptionally well located for Sheffield Hallam University and comprehensive facilities including Supertram, the Railway Station and Ponds Forge International Sports Centre.

The Freehold building offers accommodation over 6 levels and benefits from planning for the creation of 21 apartments to the upper floors leaving the existing ground and lower ground floor commercial as income producing. There are 17 one bedroom apartments and 4 two bedroom in addition to the creation of a roof garden.

4 of the 5 Commercial units are let, producing an overall annual income of £61,000 + VAT pa, in addition to service charges of £5,800 + VAT pa with an overall potential income when fully let in excess of £75,000.

The immediate vicinity is seeing a number of development projects under way, including nearby Canada House as a regional music educational hub and Commercial House also as residential.

The sale includes Esperanto Place at the rear where there are car parking spaces and a planning applicated submitted for gated access

Accommodation

Ground Floor & Lower Ground Floor Commercial
50 Castle Square - Sales shop
48 Castle Square - Sales Shop
46 Castle Square - Restaurant
44 Castle Square - Sales Shop
42 Castle Square - Sales Shop

First Floor - Proposed - 6 Flats (5 one bed and 1 two bed)
Rear Flat 1/1 - 44.1 Sq.M
Front Flat 1/2 - 58 Sq.M
Front Flat 1/3 - 59.8 Sq.M
Front Flat 1/4 - 61.5 Sq.M
Front Flat 1/5 - 61.5 Sq.M
Front Flat 1/6 - 91.3 Sq.M (2 Bed)
Rear Communal Workspace

Second Floor - Proposed 5 Flats (4 one bed and two 1 bed)
Front Flat 2/1 -42 Sq.M
Front Flat 2/2 -44.1Sq.M
Front Flat 2/3 -45.8 Sq.M
Front Flat 2/4 - 45.8 Sq.M
Front Flat 2/5 - 75.4 Sq.M (2 Bed)
Rear Communal Workspace

Third Floor - Proposed 5 Flats (4 one bed and two 1 bed)
Front Flat 3/1 -42 Sq.M
Front Flat 3/2 -44.1Sq.M
Front Flat 3/3 -45.8 Sq.M
Front Flat 3/4 - 45.8 Sq.M
Front Flat 3/5 - 75.4 Sq.M (2 Bed)
Rear Communal Workspace

Fourth Floor - Proposed 5 Flats (4 one bed and two 1 bed)
Front Flat 4/1 -42.3 Sq.M
Front Flat 4/2 -44.1Sq.M
Front Flat 4/3 -45.8 Sq.M
Front Flat 4/4 - 45.8 Sq.M
Front Flat 4/5 - 75.4 Sq.M (2 bed)
Communal Workspace

Site Area

Approximately 994 sq m (1,189 sq yds).

Planning

Planning permission was granted by Sheffield City Council on the 5th June 2026 for "Works to convert offices into 21 apartments, including new windows, elevation treatment and provision of a roof terrace".

Costs

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% inc. VAT of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

General

Commercial Lease Details
42 Castle Square - Ground Floor and Basement
Hallam Barbers 6 years from 1st August 2003 at £12,000+ VAT pa
Service Charge - £1,000 + VAT pa

44 Castle Square - Ground Floor and Basement
My UK Visas 10 years from 6th June 2003 at £16,000 + VAT pa
Service Charge £2,000+ VAT pa

46 Castle Square - Ground Floor and Basement
Asia Dining Group -15 years from 29th September 2010 at £21,000 + VAT pa
Service Charge £1,800+ VAT pa

48 Castle Square - Ground Floor and Basement
Currently vacant

50 Castle Square - Ground Floor, Basement and Mezzanine
Vean UK Ltd - 5 years from 20th December 2010 at £12,000+ VAT pa
Service Charge - £1,000 + VAT pa