Wesley House, Highfield Place, Sheffield, S2 4UR
- BEDROOMS
23
- BATHROOMS
6
- SIZE
4,813 sq ft
447 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold for sale
- Fully let residential investment opportunity located in Sheffield
- Stunning period building providing a 23 bed residential accommodation investment opportunity over 3 flats
- Gross income of £95,910 per annum
- Estimated Rental Value of £117,300 per annum
- Seeking £895,000 subject to contract
Description
3 Apartments providing 23 beds
Freehold for sale
Sale Considerations - Stunning period building providing a 23 bed residential accommodation investment opportunity over 3 flats.
Arranged over basement, ground and first floor
Situated in a very popular area near Abbeydale road which has a varied and vibrant retail, leisure and hospitality offering
The Freehold interest is available for sale.
Title number SYK189484
Grade II listed
Offers in the region of £895,000 subject to contract
Fully let to Four Trees Lettings (company number 11380321)
Gross income of £95,910 per annum. Outgoing costs are utilities and council tax totaling £28,724 per annum
The tenant, Four Trees Lettings, let and manage the property and guarantee a rent of £347.50 per room per month.
A purchase at this level would reflect a Net Yield of 7.23% (assuming commercial stamp duty of £34,250 - 3.83%)
Potential to increase rental income to £117,300 per annum giving rise to a Net Yield of 9.53%
Location - The property is located on Abbeydale Road, which is one of the main arterial routes leading to and from Sheffield City Centre to the south western suburbs.
The area is located less than 1 mile south west of Sheffield City Centre, and is within a local suburb of largely independent retailers and restaurants on
London road. The area has a high concentration of residential occupants and commercial operators including retailers, cafes, restaurants and hot food uses.
Description - The property is a stunning grade II listed period building of stone construction with a grand presence fronting onto Highfield Place set under a pitched slate roof. Arranged over
ground floor, first and second floor the property extends to a total of 4,864 sq ft (GIA) with the main entrance from Highfield Place leading to the first floor. A separate rear entrance is at ground floor. (plans available on request)
Internally the property is utilised to offer 23 bedrooms. The whole property has recently undergone a full refurbishment and redecoration with all appliances being upgraded.
Each floor has its own kitchen and bathroom facilities essentially creating 3 separate flats. The property complies with all current regulations for HMO’s and other associated legislation. The property is currently fully let The property is owned on a Freehold basis,
Land Registry Title (SYK189484
Price - £895,000 subject to contract
Estimated Rental Value - The property has an Estimated Rental Value of £117,300 per annum subject to asset management
Brochures
Wesley House, Highfield Place, Sheffield, S2 4UR -- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- LISTED PROPERTYA property designated as being of architectural or historical interest, with additional obligations imposed upon the owner.Read more about listed properties in our glossary page.
- Listed
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Wesley House, Highfield Place, Sheffield, S2 4UR
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