1-3 Arundel Road, Chapeltown, Sheffield, S35 2RB

LOCATION
The site is located in the busy suburb of Chapeltown, on Arundel Road, just off Station Road, approximately seven miles to the north of Sheffield City Centre.

Chapeltown is a popular residential and commercial location with an eclectic mix of shops, pubs / bars, cafes and the large Asda Superstore is at the top of Arundel Road.

Chapeltown has its own train station and it also benefits from excellent access to several bus routes.

DESCRIPTION
The site is made up of two semi-detached residential properties, along with four commercial units to the rear of the site. The site is approximately 0.19 acres.

The residential aspect accommodates two semi-detached, two-bedroom properties which front Arundel Road. Both properties are currently tenanted.

The commercial units consist of three offices and a workshop with two of the offices being vacant and the other space let.

Externally there is a shared yard area with parking for multiple vehicles.

The site also has excellent development potential, subject to planning.

ACCOMMODATION (Approx Internal Areas)

No.1 Residential 721 sq ft 67.0 sq m
No.3 Residential 786 sq ft 73.0 sq m
Workshop 442 sq ft 41.1 sq m
Office 1 708 sq ft 65.8 sq m
Office 2 454 sq ft 42.2 sq m
Office 3 1,617 sq ft 150.3 sq m
Total Floor Area 4,728 sq ft 439.4 sq m

PRICE
We are seeking offers of £610,000 for the freehold interest. The site is NOT elected for VAT.

TENANCIES
There are currently four tenancies in place. These include the two residential properties, the workshop and office 3. The total rental income equates to £26,580 per annum.

There is scope to increase this due to current vacancies and upcoming lease renewals. It would also be possible to separate the Title and sell of the houses individually.

The ERV is £45,000 per annum.

Further tenancy details available on request.

ENERGY PERFORMANCE CERTIFICATE
Each building has its own individual EPC - certificates available on request.

RATING ASSESSMENT/COUNCIL TAX
The units have been split into four separate rating assessments. Further details can be provided on request. The residential houses fall under council tax Band A.

LEGAL COSTS
Each party are to be responsible for the payment of their own legal costs in connection with this transaction.