Cathedral Quarter, Sheffield, South Yorkshire, S1 2EF
|Property Type||Retail, Investment|
|Size||1,215 sq ft|
|Energy Performance Rating||This property has been graded as C (74)|
The property is located in central Sheffield in close proximity to Sheffield Cathedral. It is within the heart of the traditional professional quarter of the city. Set in a conservation area, Campo Lane is home to many small and medium scale professional practices and retail occupiers as well as professional and student residential properties. Due to the proximity to the centre of the city, public transport links are excellent with the Supertram (Cathedral stop) within a few hundred meters.
A large ground floor retail unit with good frontage and full height display window to Campo Lane. The property is currently tenanted by Tall Poppy Hairdressers, a well established business of over 13 years.
The accommodation is fitted out as a hairdressers and also has a rear kitchen and WC.
A new 5 year lease is being granted at a net rental of £12,000 rising to £14,000 at Year 3. Based on an asking price of £150,000 (One Hundred and Fifty Thousand Pounds) reflects a net initial yield of 7.86%
Long leasehold. The property is held on a 150 year, less 3 days, lease from 5 March 2004, expiring 2 March 2154.
A half yearly ground rent is payable of £137.70. A service charge is payable of £59.44 per month. Both costs are paid by the landlord and recharged to the tenant as per the terms of the lease.
£150,000. We understand that VAT will be payable on the purchase price.
Unit 4, The Chimes, Campo Lane, S1 2EF £17,250