SMC Chartered Surveyors have sold 53, 53a Middlewood Road, Sheffield.
SMC acted on behalf of private vendors to dispose of this part let freehold commercial and residential investment in Hillsborough centre. The property includes a ground floor sales shop let as a window, doors and conservatory company, and a vacant one bed upper floor flat.
The property is currently producing £7,250 per annum with potential to generate £12,830 per annum once the flat has been let. The location on Middlewood Road has remained a popular suburban location with a variety of local and national occupiers and good residential catchment.
The freehold was available for sale following SMC letting the ground floor shop in January this year. The property generated good buyer interest following the release of lockdown in the summer, and a sale was agreed in late summer with a local property investor.
SMC are pleased to have provided a successful letting and sales service to our client.
Do you have a commercial building you are thinking of selling? Please get in touch or call us on 0114 281 2183 for advice.