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621-627 Abbeydale Road, Sheffield, S7 1TB

£550,000

£244.12 per sq ft

Business rates & charges may apply

Crosthwaite Commercial Limited, Sheffield
SIZE AVAILABLE

2,253 sq ft

209 sq m

SECTOR

Retail property shopping centre for sale

Key features

  • Fully Let Freehold Investment For Sale
  • Four Units Totalling 2,253 sq. ft (209.3 sq. m)
  • Prominent Location Fronting Abbeydale Road
  • Total Rental Income - £39,660 Per Annum
  • Offers Invited in the Region of £550,000 - No VAT

Description

LOCATION
The premises are situated in a popular suburban location fronting Abbeydale Road, a principle arterial route from Sheffield city centre.

Other occupiers on the area include A E Butterworth, Mavi Ruya, The Broadfield Ale House and Two Thirds Beer Co.

DESCRIPTION
The property is a brick built premises, beneath a pitched roof, which has been split up into 4 separate units. These accommodate, vehicle wrapping, a beauty salon, a clothing store and a post office.

The units are separately metered and have been fitted out to a high standard. Units 2 & 3 benefit from a mezzanine floor and there is potential to create a separate office/studio over unit 4. There are communal kitchen and WC facilities to the rear of the premises which are shared by units 2,3 and 4.

There is onsite parking to the front of the premises for multiple vehicles.

ACCOMMODATION (Approx Internal Areas)
Unit 1 616 sq ft 57.2 sq m
Unit 2 411 sq ft 38.2 sq m
Unit 3 450 sq ft 41.8 sq m
Unit 4 728 sq ft 67.6 sq m
Communal Area 48 sq ft 4.5 sq m
Total Floor Area 2,253 sq ft 209.3 sq m

RATING ASSESSMENT
The units have been split into 4 separate rating assessments, all benefiting from small business rates relief. Further details can be provided on request.

SALE
We are seeking offers of £550,000 for the freehold interest.

VAT
VAT will NOT be payable on the purchase price.

TENANCIES
Unit 1 - £9,600 per annum expiring 08/2030 - break option 08/2026.

Unit 2 - £7,200 per annum expiring 09/2029.

Unit 3 - £9,900 per annum expiring 05/2031 - break option 05/26.

Unit 4 - £12,960 per annum expiring March 2031.

All leases are personally guaranteed by homeowners. Further details on request.

ENERGY PERFORMANCE CERTIFICATE
A full EPC will be available on request.

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

Brochures

621-627 Abbeydale Road, Sheffield, S7 1TB

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Park Grange Tram Stop1.4 miles
  • Granville Road/The Sheffield College Tram Stop1.6 miles
  • Arbourthorne Road Tram Stop1.6 miles

About Crosthwaite Commercial Limited, Sheffield

Hawk Works, 105A Mary Street, Sheffield S1 4RT

Crosthwaite Commercial is an independant Sheffield based commercial property consultancy specialising in all aspects of retail, leisure, office and industrial agency as well as providing rent review/lease renewal, development and investment advice.

Martin Crosthwaite FRICS is a Chartered Surveyor with over 38 years experience, having spent the last 32 years living and working in Sheffield for two well known practices, Lane Walker, and J Trevor & Sons.

Notes

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Disclaimer - Property reference 621abbeydaleroad. 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 Crosthwaite Commercial Limited, Sheffield. 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.

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