Summary
Long leasehold investment for sale in the centre of Sheffield occupied by a well established tenant
The property is located in central Sheffield in close proximity to Sheffield Cathedral. It is within the heart of the traditional professional quarter of the city. Set in a conservation area, Campo Lane is home to many small and medium scale professional practices and retail occupiers as well as professional and student residential properties. Due to the proximity to the centre of the city, public transport links are excellent with the Supertram (Cathedral stop) within a few hundred meters.
Specifications
• Electricity (single phase)
• Gas
• Water
• Mains drainage
• Broadband
• Air conditioning
The accommodation is fitted out as a hairdressers and also has a rear kitchen and WC.
Lease Terms
A new 5 year lease is being granted at a net rental of £12,000 rising to £14,000 at Year 3.
Based on an asking price of £150,000 (One Hundred and Fifty Thousand Pounds) reflects a net initial yield of 7.86%
Long leasehold. The property is held on a 150 year, less 3 days, lease from 5 March 2004, expiring 2 March 2154.
Ground Rent and Service Charge
A half yearly ground rent is payable of £137.70.
A service charge is payable of £59.44 per month.
Both costs are paid by the landlord and recharged to the tenant as per the terms of the lease.
Superb opportunity
Long Leasehold Interest For Sale
Long Established Tenant - Tall Poppy Hairdressers
Net rental income of £12,000 per annum, increasing to £14,000 in Year 3
Asking Price £150,000
Sheffield Cathedral Quarter location