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Residential Development for sale

Spital Hill, Sheffield, S4

Guide Price £120,000
5,000 sq. ft.

Property Description

Commercial information

  • 5,000 sq ft (464 sq m)

Key features

  • 5000SQFT

Full description

Tenure: Freehold

5000SQFT OF RESIDENTIAL & COMMERCIAL LAND FOR DEVELOPMENT. Located next to the large Tesco Extra and pure gym in a populated area with plenty of foothold within mins walking distance to the city centre.

Prime development opportunity with pre-planning for 14 appartments and 4 commercial shops with rental market for commercials in high demand with an estimated rental yield of 15%.

Estimated build costs of new development = 580,000
Estimated minimal rent of = 9,100pcm = 109,200 per annum
Investment paid off in 6-7 years.


Located on Carlisle Street, next to Tesco Extra train station is a 5-10 minute walk away and good transport links to M1 via parkway.
Sorby house a new development of modern offices located around the corner and a growing re-genrating area as a local agent with knowledge of the market in this area this location is an ideal investment for the right developer.

We can also advise throughout the project and offer our lettings & management services.

Hallamhills is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

Please contact the commercial department for more information or to arrange a viewing, we work late evenings and weekends.

Hallamhills Ltd
1. St Marys House
9-11 London Rd,
S2 4LA

Phone: 0114 327 8853

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