Summary
RETAIL/FLAT INVESTMENT
Location
Located on Chesterfield Road, Woodseats. A suburb located approximately 3 miles South of Sheffield City Centre and a predominantly residential location surrounded mainly by terraced housing. Woodseats itself provides a mixture of commercial occupiers and this includes, banks, estate agents, restaurants, cafe’, retailers and supermarkets such as Tesco..
Located close to the junction of Scarsdale Road and Chesterfield Road, close to a wide variety of local occupiers.
Description
Mid-terraced property with ground floor commercial which has most recently been occupied as a beauty salon, and a first and second floor flat.
At ground floor there is shared access for the flat and commercial area, the ground floor provides front sales, rear office, store to the rear, kitchen and WC plus a basement.
Externally to the rear is a yard and garden.
At first and second floor there is the living accommodation, this is separately accessed and provides: first floor living room, dining room, one bedroom to the rear, shower room with, shower cubicle, WC and wash hand basin and a kitchen.
At second floor level there is a double bedroom.
Accommodation
The ground floor provides a net internal area of
| Sq M | Sq Ft | |
| GroundFloor | ||
| Sales | 16.13 | 173.63 |
| Office | 14.13 | 152.10 |
| Store | 8.49 | 91.39 |
| Kitchen | 2.04 | 21.96 |
| Total Net Internal Area | 40.79 | 439.08 |
Plus WC and Basement
| First Floor & Second Floor Flat | ||
| Living Room | 8.71 | 93.76 |
| Dining Room | 7.68 | 83.67 |
| Single Bedroom | 10.62 | 114.32 |
| Bathroom | 2.58 | 27.77 |
| Kitchen | 4.32 | 46.50 |
| Double Bedroom | 16.75 | 180.30 |
| Total Living Accommodation | 50.66 | 545.32 |
Services
Mains water, electricity, drainage and gas. These are separate for the ground floor and the flat.
Tenure
Long Leasehold, 800 years from 24th June 1900.
Tenancy / Price
Investment with the premises being let as follows:
The ground floor is let to LTZ Barbers Ltd with a personal guarantor provided by Martin Keyworth, on the basis of a 6 year lease from 13th August 2018 with a tenant option to break at the end of the third year. The passing rent is £6,600 per annum.
First Floor
Separately let at £450pcm on a AST. Total income over the calendar year would equate to £5,400 per annum.
Price: £144,000
Ground floor (& basement) let (commercial use) at £6,600 per annum
Upper floor flat let at £5,400 per annum
Full let - Gross Income of £12,000 per annum
Located on one of the main arterial routes leading out of Sheffield
Listed Features
- Basement
- Cafè
- General Retail
- Multiple floors
- Kitchen
- Showers
- Office
- Outdoor Space
- Restaurant
- Hair and Beauty
