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AGENT'S DETAILS


53-53A Middlewood Road

For sale: £145,000.00|993 Sq Ft|General Retail, Other, Residential, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£145,000.00
SIZE993 Sq Ft
ADDRESS53-53A Middlewood Road, Hillsborough, Sheffield, S6 4GW
TYPEGeneral Retail, Other, Residential, Retail, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON21st September 2020

DESCRIPTION

Key Points

  • Prominent location on Middlewood Road in the centre of Hillsborough
  • Busy retail location close to Hillsborough Shopping Centre
  • Ground floor shop is to be let at £7,250 per annum and self contained flat is let at £5,580 per annum.
  • Once the commercial letting completes the total income will be £12,830 per annum
  • Summary

    SHOP & FLAT OPPORTUNITY

    Description

    The property comprises a mid-terrace building of traditional brick and slate construction. The accommodation is split between a ground floor shop and a self-contained flat to the upper floors. The ground floor comprises of a sales area, store room and WC. The flat is accessed via the rear and provides bathroom (WC/shower/wash basin), kitchen, study, living room to the first floor and bedroom to the attic room.

    Location

    The property is located on Middlewood Road, which is the main retailing pitch in Hillsborough, approximately 2 miles north of Sheffield city centre. Notable occupiers nearby include the British Heart Foundation, Halifax, Martin & Co Estate Agents, Specsavers, and a variety of local traders. The property is well connected for Supertram (on the blue and yellow routes).

    Promo

    New Shop Lease

    Tenure

    Freehold

    Lease/Tenancy Details

    The ground floor is to be let on the basis of a new 6 year lease (with a tenant break at the end of year 3), on an effectively full repairing and insuring basis. The passing rent is £7,250 per annum. The upper floor flat is let out on the basis of an Assured Shorthold Tenancy (AST) from 15th August 2018 until 14th February 2020 at a rent of £5,580 per annum. The total gross income is £12,830 per annum.

    Price

    £145,000. VAT will NOT be payable on the purchase price.

    LOCATION

    Location: 53-53A Middlewood Road, Hillsborough, Sheffield, S6 4GW

    Sheffield (2.4 miles)

    Meadowhall (3.9 miles)

    Darnall (4.0 miles)

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