SMC are pleased to announce that the sale of 238/238a Abbeydale Road in Sheffield has completed.
The property comprises a restaurant to the ground floor level, and a self-contained 3 bedroom flat to the upper floors. The ground floor restaurant tenant was a local covenant trading as La Mamas.
The property is currently producing £11,000 per annum from the ground floor tenant. The flat although vacant, had been most recently let at £550pcm. Therefore the potential total rental income once fully let is approximately £17,600 per annum.
SMC Chartered Surveyors were marketing the mixed use investment at offers in the region of £200,000. This Abbeydale Road investment generated a good level of competing interest from prospective buyers. The property was sold for an undisclosed amount.
Do you have a commercial property on Abbeydale Road you are thinking of marketing for sale or to let? SMC Chartered Surveyors can help! Please get in touch or call us for further information or assistance with any commercial property matters you may have on 0114 281 2183.