Summary
Refurbished Shop & Flat Investment plus building plot with planning permission for erection of a three bed dwellinghouse
Location
The property is located with frontage onto the A61 Chesterfield Road, Woodseats. This location is a particularly prominent spot on the corner of Chesterfield Road and Woodseats House Road.Woodseats is a suburb located approximately 3 miles South of Sheffield City Centre. Woodseats itself provides a mixture of commercial occupiers and this includes, banks, estate agents, restaurants, cafe’, retailers and supermarkets.
Tenure
Freehold - Title number SYK672914.
Tenancy Details
The ground floor shop is let to an individual trading as a barbershop, on the basis of a 5 year lease from 11th September 2019. The current passing rent is £9,750 pa (year 2), rising to £10,250 pa from year 3.
The upper floor flat is let out on the basis of an Assured Shorthold Tenancy (AST), with a new 1 year AST agreed from 1st November 2020 at a rent of £625pcm (£7,500 per annum).
Development Potential
Planning permission has recently been obtained for the 'Demolition of existing garage and erection of a dwellinghouse.' Further information can be found under the Sheffield Planning department reference 19/04360/FUL. The owner has now demolished the garage. For further information please get in touch.
Price
£285,000. VAT is NOT payable on the purchase price.
Prominent corner building in the Woodseats area of Sheffield
The property has been recently extensively refurbished to a high standard
Ground floor shop let at stepped rent rising to £10,250 pa
Upper floor two bed flat with ensuite let at £625 pcm (£7,500 pa)
Building plot to the rear with permission to erection of a three bed dwellinghouse
Total passing rent is £17,250 pa
Listed Features
- Cafè
- General Retail
- Multiple floors
- Refurbished
- Restaurant
