Freehold Commercial Investment Property Located In Sheffield
Ground Floor Fish & Chip Shop Let
1 Bed Flat Above Producing Income
Rental Income £24,000 pa ROI (8%)
Ref 3178
Asking Price £299,995 plus SAV
Location
This Investment Property occupies a prominent position on Manor Lane, in Sheffield's sought after Manor Castle. The area is steeped in history, with the nearby Sheffield Manor Lodge, a Tudor-era landmark linked to Mary, Queen of Scots, adding unique character. Surrounded by a thriving residential community and ongoing housing growth. The property is located Just (2.5 miles) from the city centre and (5 miles) from the M1, Junction 33.
Business Description
Veritas Business Sales are delighted to offer for sale this Freehold Investment Property located in Sheffield. The building was built in the 1930's and has been a Fish & Chip shop since the 1950's. The ground floor let is a well established Fish & Chip Takeaway currently let on a secure 10-year lease with 8 years remaining, generating a rental income of £15,600 per annum. The first floor offers a self contained one bedroom flat, let on a rolling 12 month tenancy and producing £8,400 per annum. The property is fully let and producing a combined rental income of £24,000 per annum, offering an attractive ROI of 8%.
The owners have invested over £40,000 in the property, fully refurbishing both elements. The shop was stripped back to bare brick and fitted with high quality commercial equipment, while the upstairs flat was extensively modernised. Fixtures and fittings are all owned outright and included in the sale which is an excellent advantage for any purchaser.
This is a very rare opportunity to acquire a turnkey freehold investment combining both commercial and residential income streams. With secure tenants already in place and strong returns, an early viewing is highly recommended.
Ground Floor
Takeaway comprising: 2 pan range (Henry Nuttall), stainless steel prep table, small stainless steel shelf, tea urn, double counter fridge with cold prep, tall drinks chiller, stainless long steel food prep table, potato oven, hot plate/grill, kebab machine, bain-marie fire safety equipment, commercial extractor canopy and CCTV equipment.
Kitchen & prep area comprising: security equipment, fly zapper, tall fridge, tall freezer, stainless steel food prep draw counter, weighing scales, microwave (Samsung), microwave (Sharp), oil filtration system, chopping boards, stainless steel wall shelves, gas hob, kettle, stainless steel food prep cupboard, stainless steel double sink, step ladder and black bins.
Cellar Head: CCTV monitor, alarm control panel and telephone.
Cellar with tall freezer, chest freezer (small), chest freezer (long), shelving rack and security equipment.
Staff toilet with low level W/C and wash basin.
Doorway leading to the rear yard and chipping room.
Chipping room comprising: double stainless steel sink, rumbler, chipper and potato tubs.
First Floor
A completely modernised first floor flat featuring a one double bedroom, a separate lounge, a fitted kitchen and shower room. The flat benefits from gas central heating and combi boiler and is double glazed.
External
Partially lawned, rear bin area and access to the first floor flat.
