Summary
Corner Freehold Building including Ground Floor Cafe and 2 x Studios
The property is located in the Walkley area of Sheffield which is approximately 2 miles away from Sheffield city centre. The property fronts South Road on the corner with Industry Street. South Road boasts a variety of retail uses with residential to the side streets.
The building provides the following Net Internal Areas (NIA):
Cafe | Sq m | Sq ft |
Sales Area | 32.41 | 349 |
Kitchen | 8.36 | 90 |
Store | 1.18 | 13 |
Disabled WC | ||
Sub-total | 41.96 | 451 |
Living Accommodation | ||
Studio A | ||
Kitchen / Living / Bedroom | 14.32 | 154 |
WC | ||
Bathroom (shower, WC, wash basin) - located on ground floor | ||
Studio B | ||
Kitchen / Living / Bedroom | 19.19 | 206 |
Bathroom (shower, WC, and wash basin) | ||
Total Area | 75.47 | 811 |
Based on information obtained from the Valuation Office Agency website the ground floor café is rated as follows:-
Address: 282 South Road, Walkley, S6 3TB
Description: Shop and Premises
Rateable Value: £4,676
The property should qualify for Small Business Rate Relief. Interested parties are advised to make their own enquiries with the Local Authority for verification.
The studio flats have a council tax banding of A.
Tenancy / Lease
Studio A and Studio B are both respectively let on an Assured Shorthold Tenancy at a current rental of £350 per month (£4,200 per annum) each. Therefore both studio flats produce an approximate income of £8,400 pa.
The owner would consider offering the ground floor cafe / shop to let, on a new lease at a rent of £8,000 pa.
Price
Offers in the region of £185,000 for the freehold interest. We are informed no VAT is payable on price.
Corner freehold building for sale in the Walkley area of Sheffield
Ground floor café premises and 2 x studio flats to the first floor
Income from first floor studios is £8,400 pa
Potential for café owner occupier or to re-let to produce a fully let investment
Option of ground floor café / shop available to let on new lease