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.
Description
The property is corner positioned building of stone construction with an artificial slate roof. The accommodation is split between a café on the ground floor and two studio flats to the first floor.
The café includes a sales area, kitchen, store, and disabled WC with corner window frontage, hanging lighting, laminate flooring. decorated walls and gas central heating.
The studio flats are accessed separately and accessed to the rear via an internal staircase. Studio A is located to the rear part of the first floor level and includes a kitchen / living / bedroom space and WC. Studio A also has access to a ground floor bathroom (shower, WC and wash basin). Studio B is located to the front part of the first floor level and includes kitchen / living/ bedroom space and bathroom (WC, Shower and wash basin). The flat benefits from water, drainage and electricity.
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
- Cafe
- Heating
- Showers
- Multiple floors
- Kitchen
- Office
- Storage
- Multiple Frontage
