Ashton Point & Ashton Works, Upper Allen Street, Sheffield, South Yorkshire, S3 7GN
- PROPERTY TYPE
House
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Two freehold blocks with 65 apartments (40 available)
- Purpose-built block and converted mill scheme
- Mix of studios, one and two bedroom apartments
- Well located for access into Sheffield City Centre
- 40 EPCs in place rated B-D with expiries from 2027-2035
- Ground rent income from 25 apts sold off long leasehold
- Apartments 100% let producing £344,820 PA
- Ground rent income is £3,750 PA
- ERV of approximately £388,500 PA (Exc. ground rent)
- Guide price of £4,350,000 reflects 9.02% gross yield
Description
The property comprises two adjoining residential buildings known as Ashton Point and Ashton Works.
Ashton Point is a purpose-built development completed in 2010 and Ashton Works is a character property, originally constructed as a mill over a century ago and converted into residential accommodation in 2008.
The scheme comprises 65 flats in total, of which 25 at Ashton Point have been sold on long leaseholds. We are instructed to sell the remaining 40 flats together with the ground rent income received from the 25 leasehold units.
Location
Located on Upper Allen Street, around 160m south-west of its junction with Meadow Street, providing access to Netherthorpe Road. The area is predominantly residential, with a mix of purpose-built accommodation and some commercial uses. Close to the University of Sheffield, it supports a strong student market, with the city centre an 18-minute walk or 15 minutes by bus.
Two freehold blocks with 65 apartments (40 available)
Purpose-built block and converted mill scheme
Mix of studios, one and two bedroom apartments
Well located for access into Sheffield City Centre
40 EPCs in place rated B-D with expiries from 2027-2035
Ground rent income from 25 apts sold off long leasehold
Apartments 100% let producing £344,820 PA
Ground rent income is £3,750 PA
ERV of approximately £388,500 PA (Exc. ground rent)
Guide price of £4,350,000 reflects 9.02% gross yield
Brochures
Brochure- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- 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
Ashton Point & Ashton Works, Upper Allen Street, Sheffield, South Yorkshire, S3 7GN
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Visit our security centre to find out moreDisclaimer - Property reference 2097208FH. 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 Lambert Smith Hampton, Living & Capital Markets. 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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