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Castle Square, City Centre, Sheffield

Offers in Excess of
£120,000

Business rates & charges may apply

P&F, Commercial
SIZE

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SECTOR

Commercial property for sale

Key features

  • City Centre Retail Kiosk
  • Income producing £12,500 per annum
  • 10-year lease from 2015
  • Offers in excess of £120,000 long leasehold
  • Prime Location
  • 325 Sq. Ft unit
  • A new reversionary lease has been agreed from 8th May 2025 at £13,000 pax

Description

Investment for sale - Offers in access of £120,000

Long Leasehold - 125 Years from Dec 1993

Sheffield City Centre

Size - 325 Sq. Ft
Offers in access of - £120,000 Long Leasehold
Rental income - £12,500 per annum
VAT - Applicable
EPC - TBC
Fees - Each party to bear their own costs

The property comprises a detached single storey retail lock up unit with store to the rear in a Prime City centre position

Accommodation - The property is approximately 325 sq ft and is a single storey property with rear ancillary storage.

Location - The subject property is located in Castle Square in the Heart of Sheffield City Centre, opposite the tram stop, the unit benefits from a busy passing trade, an ideal retail position.

Sheffield is a popular and highly accessible University town, with the M1 Motorway via the A57 just 9 miles to the East

Tenure - The property is held on a 125 year lease from the 23rd December 1993 at a peppercorn rent with no reviews.
The long leasehold investment is available for offers in access of £120,000 + VAT

Tenancy Details - The property is let on a 10 year lease from 8th May 2015 on fully repairing and insuring terms. Following the review in 2020 the current passing rent is £12,500 per annum plus VAT.
A new reversionary lease has been agreed from 8th May 2025 at £13,000 pax
A copy of the lease is available upon request.

Brochures

Castle Square, City Centre, Sheffield

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Castle Square Tram Stop0.0 miles
  • Sheffield Hallam University Station0.0 miles
  • Fitzalan Square/Ponds Forge Tram Stop0.1 miles

About P&F, Commercial

18 Midland Court Station Approach Oakham Rutland LE15 6RA

P&F Commercial are the only dedicated sole Commercial Estate Agency in Rutland with unrivaled regional knowledge and forty years’ combined experience. P&F Commercial can offer the kind of assurance and exceptional personal attention clients know they can depend on when making important commercial property decisions.

Notes

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Disclaimer - Property reference 33661851. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by P&F, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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