1 Bedroom Commercial Property for sale in Sheffield, S2
London Road, Sheffield, S2£135,000
Agent details
This property is listed with:
Full Details for 1 Bedroom Commercial Property for sale in Sheffield, S2 :
Hunters Crookes are delighted to market this superb investor opportunity which consists of two properties located in what is fast becoming one of Sheffields most cosmopolitan shopping and dining districts. The properties are just a 15 minute walk from the £65m "NEW ERA" China Town development currently under construction, which will have a range of shops, café's & bars.
The ground floor commercial space of approximately 280 sq. ft. (26m2) has previously been used as retail space but would also be equally suited to office space. The commercial premises is currently vacant as it is being refurbished but has been previously let at £5400 per annum.
The apartment has a bathroom to the rear and inner breakfasting kitchen. To the front of the first floor is the lounge with an inner dining area which provides stairway access to the second floor. The double bedroom has a dormer window and built in sliding door mirror fronted wardrobes. The apartment is currently let on an AST at £475 per calendar month giving an income of £5700 per annum.
The properties also offer great redevelopment opportunities:
Option 1: would be to convert the properties to provide 3 no. 1 bedroom flats with their own private entrances which could give a potential income of £16,000 per annum.
Option 2: would be to convert the properties into a 3 bed residential property or 3 bed student let which could provide an income of £14,400 per annum.
As the properties are being sold on a part commercial basis they would only be subject to 1% commercial stamp duty as opposed to the new 3% higher rate stamp duty.
356A LONDON ROAD RESIDENTIAL PROPERTY
SIDE ENTRANCE HALL
Having stairway access to the first floor apartment.
ON THE FIRST FLOOR
LOUNGE
3.83m (12' 7") x 3.78m (12' 5")
The lounge is to the front and has a wood effect laminate floor. The feature of the room is the cast fire place with granite hearth and wooden mantle.
DINING AREA
2.77m (9' 1") x 1.59m (5' 3")
The dining area has a wood effect laminate floor and stairway access to the first floor.
KITCHEN
3.04m (10' 0") x 2.65m (8' 8")
The kitchen comprises a stainless steel sink unit with mixer tap set into a worktop with cupboard below together with space, plumbing and drainage for an automatic washing machine and space, plumbing and drainage for a slim line dish washer. A further worktop with drawers below together with an integrated oven, companion gas hob and stainless steel splash back and stainless steel electric extractor. There is a range of matching wall cupboards. The floor is wood effect laminate.
ON THE SECOND FLOOR
BEDROOM
4.22m (13' 10") x 3.30m (10' 10")
The double bedroom has a dormer window to the front which floods the room with natural light. There is also a wood effect laminate floor and built in mirror fronted wardrobes to one wall.
BATHROOM/W.C
The bathroom has a white suite with shower over, pedestal wash hand basin and a push button low flush w.c. There is a range of inset ceiling down lighters.
356 LONDON ROAD COMMERCIAL PROPERTY
ON THE GROUND FLOOR
COMMERCIAL AREA
8.26m (27' 1") x 2.63m (8' 8")
The open plan commercial area is neutrally decorated and has a range of inset ceiling down lighters. There is also a floor hatch providing access to the cellar.
REAR STORE
2.02m (6' 8") x 1.17m (3' 10")
W/C
2.03m (6' 8") x 1.17m (3' 10")
GENERAL REMARKS
RATING ASSESSMENT
We are verbally advised by the Local Authority that the property is assessed for Council Tax purposes to Band A for the apartment with a rateable value of £2650 for the ground floor.
MORTGAGE FACILITIES
We should be pleased to advise you in obtaining the best type of Mortgage to suit your individual requirements.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT.
The ground floor commercial space of approximately 280 sq. ft. (26m2) has previously been used as retail space but would also be equally suited to office space. The commercial premises is currently vacant as it is being refurbished but has been previously let at £5400 per annum.
The apartment has a bathroom to the rear and inner breakfasting kitchen. To the front of the first floor is the lounge with an inner dining area which provides stairway access to the second floor. The double bedroom has a dormer window and built in sliding door mirror fronted wardrobes. The apartment is currently let on an AST at £475 per calendar month giving an income of £5700 per annum.
The properties also offer great redevelopment opportunities:
Option 1: would be to convert the properties to provide 3 no. 1 bedroom flats with their own private entrances which could give a potential income of £16,000 per annum.
Option 2: would be to convert the properties into a 3 bed residential property or 3 bed student let which could provide an income of £14,400 per annum.
As the properties are being sold on a part commercial basis they would only be subject to 1% commercial stamp duty as opposed to the new 3% higher rate stamp duty.
356A LONDON ROAD RESIDENTIAL PROPERTY
SIDE ENTRANCE HALL
Having stairway access to the first floor apartment.
ON THE FIRST FLOOR
LOUNGE
3.83m (12' 7") x 3.78m (12' 5")
The lounge is to the front and has a wood effect laminate floor. The feature of the room is the cast fire place with granite hearth and wooden mantle.
DINING AREA
2.77m (9' 1") x 1.59m (5' 3")
The dining area has a wood effect laminate floor and stairway access to the first floor.
KITCHEN
3.04m (10' 0") x 2.65m (8' 8")
The kitchen comprises a stainless steel sink unit with mixer tap set into a worktop with cupboard below together with space, plumbing and drainage for an automatic washing machine and space, plumbing and drainage for a slim line dish washer. A further worktop with drawers below together with an integrated oven, companion gas hob and stainless steel splash back and stainless steel electric extractor. There is a range of matching wall cupboards. The floor is wood effect laminate.
ON THE SECOND FLOOR
BEDROOM
4.22m (13' 10") x 3.30m (10' 10")
The double bedroom has a dormer window to the front which floods the room with natural light. There is also a wood effect laminate floor and built in mirror fronted wardrobes to one wall.
BATHROOM/W.C
The bathroom has a white suite with shower over, pedestal wash hand basin and a push button low flush w.c. There is a range of inset ceiling down lighters.
356 LONDON ROAD COMMERCIAL PROPERTY
ON THE GROUND FLOOR
COMMERCIAL AREA
8.26m (27' 1") x 2.63m (8' 8")
The open plan commercial area is neutrally decorated and has a range of inset ceiling down lighters. There is also a floor hatch providing access to the cellar.
REAR STORE
2.02m (6' 8") x 1.17m (3' 10")
W/C
2.03m (6' 8") x 1.17m (3' 10")
GENERAL REMARKS
RATING ASSESSMENT
We are verbally advised by the Local Authority that the property is assessed for Council Tax purposes to Band A for the apartment with a rateable value of £2650 for the ground floor.
MORTGAGE FACILITIES
We should be pleased to advise you in obtaining the best type of Mortgage to suit your individual requirements.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT.
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