SHOP & FLAT OPPORTUNITY
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.
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).
New Shop Lease
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.
£145,000. VAT will NOT be payable on the purchase price.
Sheffield (2.4 miles)
Meadowhall (3.9 miles)
Darnall (4.0 miles)