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282 South Road, Walkley, S6 3TB

Retail for sale

£185,000
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Total price
811Sq Ft
Space

Summary

Corner Freehold Building including Ground Floor Cafe and 2 x Studios

Location

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.

Accommodation

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
Rateable Value

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

Listed Features

  • Cafè
  • General Retail
  • Multiple floors
  • Kitchen
  • Showers
  • Office
  • Storage
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