| Property Type | Investment / Development |
| Tenure | For Sale |
| Size | 796 sq ft |
| Price | £149,500 |
| Business Rates | Upon Enquiry |
| Rateable Value | £4,050 |
| Energy Performance Rating | This property has been graded as D (84) |
The property comprises a two storey end terrace shop unit which is currently trading as a pizza take-away.
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground | 505 | 46.92 | Available |
| 1st | 291 | 27.03 | Available |
| Total | 796 | 73.95 |
The property is situated in the heart of Shiregreen which is a densely populated suburb of Sheffield where the city centre lies approximately 5 miles to the south west.
Nearby occupiers include the Co-Op, Rowlands Pharmacy, and Premier along with a variety of other established retail and takeaway businesses.
The entire property is let to Eiman Haydari on a Full Repairing and Insuring lease for term of 15 years from 20th April 2020 at a commencing rent of £12,000 per annum which is subject to review every four years on an upwards only basis, the next being 27th April 2024.
It is understood that the premises have the following Rating Assessment:
Description Shop & Premises
RV £4,050
Interested parties are advised to make their own enquires with the Local Rating Authority to verify this information and confirm the Rates Payable.
The property is held long leasehold for term of 200 years from 25th March 1932 at a ground rent of £12.50 pa.
The premises have an Energy Performance Asset Rating of D 84. A copy of the EPC and associated report are available on request from the agents.
Offers are being sort in the region of £149,500 for the long leasehold interest. A purchase at this level reflects an attractive yield of 8% gross.
Each party is to be responsible for their own legal costs incurred in the transaction.
All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.