Well-known Sheffield city centre building sold for four times guide price

A building in a Sheffield city centre square described as an interesting development opportunity sold for four times the guide price.

Wednesday, 14th July 2021, 2:00 pm

The building is number seven Fitzalan Square, which is also known as Jew Lane, and had a guide price of £30,000. It sold for £120,000 in the online auction by Mark Jenkinson

The auction brochure said: “Interesting city centre development opportunity. Three storey building with lapsed planning. Plans for two flats with total of five bedrooms - possibility of further storeys.”

There is private access, known at Jew Lane, off Fitzalan Square.

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The property on Fitzalan Square sold for four times the asking price
The property on Fitzalan Square sold for four times the asking price

The auction guide adds: “Offered at a low reserve to ensure sale. Sold as seen complete with contents.

“The property is located on a passageway known as Jew Lane that links Commercial Street with Fitzalan Square close to HLW Keeble Hawson Solicitors and Cooplands Bakers.

“The property is in a very poor state of repair and considered hazardous.”