| Property Type | Investment / Development |
| Tenure | For Sale |
| Size | 1,709 sq ft |
| Price | Offers in the region of £960,000 |
| Business Rates | £16,467 per annum Interested parties are advised to verify this information with the local Rating Authority. |
| Rateable Value | £33,000 |
| VAT | Applicable |
| Energy Performance Rating | Property graded as C-E (44-77) |
The property is prominently located on Ecclesall Road (A625). Ecclesall Road is regarded as one of Sheffield’s prime leisure pitches and is situated approximately 1 mile south-west of Sheffield city centre. Neighbouring occupiers include Kettle Black, Copa Caffe, Papa John’s, Oliver Bonas, M&S, Starbucks, Uncle Sams, The Nursery Tavern amongst many others. Opposite is Sheffield Hallam University’s Collegiate Crescent Campus.
The property comprises a mid-terrace retail unit with three separate self-contained two bed flats above.
The ground floor retail unit is currently vacant and available to let at a quoting rent of £47,500 per annum. The flats are let on a 12 month AST’s producing a total monthly rent roll of £2,825pcm.
Offers are being sort in the region of £960,000 for the freehold interest. A purchase at this level reflects an attractive net initial yield of 8.02% assuming usual purchaser’s costs of 5.72% and the retail unit is let at the quoting rent.
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Ground - Sales | 1,268 | 117.80 |
| Ground - Store/Staff | 441 | 40.97 |
| Total | 1,709 | 158.77 |
The property is prominently located on Ecclesall Road (A625). Ecclesall Road is regarded as one of Sheffield’s prime leisure pitches and is situated approximately 1 mile south-west of Sheffield city centre. Neighbouring occupiers include Kettle Black, Copa Caffe, Papa John’s, Oliver Bonas, M&S, Starbucks, Uncle Sams, The Nursery Tavern amongst many others. Opposite is Sheffield Hallam University’s Collegiate Crescent Campus.
Strictly by appointment with the sole agents
Offers are being sort in the region of £960,000 for the freehold interest. A purchase at this level reflects an attractive net initial yield of 8.02% assuming usual purchaser’s costs of 5.72% and the retail unit is let at the quoting rent.
The ground floor retail unit is currently vacant and available to let at a quoting rent of £47,500 per annum.
The flats are let on a 12 month AST’s as follows;
297a Ecclesall Road - 2 beds - £1,000 PCM
297b Ecclesall Road - 2 beds - £875 PCM
297c Ecclesall Road - 2 beds - £950PCM
Total - £2,825
The premises have the following assessments:
297-299 Ecclesall Road - £33,000 RV
297a Ecclesall Road - CT Band A
297b Ecclesall Road - CT Band A
297c Ecclesall Road - CT Band A
297-299 Eccesall Road - C (60)
297a Ecclesall Road - E (44)
297b Ecclesall Road - E (46)
297c Ecclesall Road - C (77)
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.
The Money Laundering Regulations require us to conduct checks upon all purchasers. Prospective purchasers will be required to provide identification documents.