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Agent's details

623 Chesterfield Road

For sale: £139,999.00|439 - 984 Sq Ft|General Retail, Other, Retail, Other Property Types & Opportunities

Property details

FOR SALE£139,999.00
SIZE439 - 984 Sq Ft
ADDRESS623 Chesterfield Road, Sheffield, S8 0RX
TYPEGeneral Retail, Other, Retail, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON9th July 2021

Description

Key Points

  • Ground floor (& basement) let (commercial use) at £6,600 per annum
  • Located on one of the main arterial routes leading out of Sheffield
  • Upper floor flat is let at £525pcm (£6,300 pa)
  • Total gross income of £12,900 per annum
  • Summary

    FULLY LET RETAIL/FLAT INVESTMENT

    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.

    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.

    Specifications

    • Electricity (single phase) • Gas • Water • Mains drainage • Intruder alarm • Fire alarm • Broadband • Central heating

    Promo

    Fully Let - 9.21% Gross Yield

    Accommodation

    The ground floor provides a net internal area of   |  Sq M |  Sq Ft Ground Floor  |   |   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 & Attic Flat let at £525pcm (£6,300 pa) from 31st March 2021 on a 6 month AST. Price: £139,999

    Location

    marker
    Location: 623 Chesterfield Road, Sheffield, S8 0RX

    Dore (1.9 miles)

    Sheffield (2.3 miles)

    Dronfield (3.1 miles)

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