Property description
BBP Estates is proud to present an investment opportunity from a property for sale on Buchanan Street, Sheffield, renowned as the Steel city of the country.
This property is located on a busy, popular High Street, and has access to the over ground national road network linking it to the rest of the country. Surrounded by shops, petrol stations and residential dwellings; this property presents a great opportunity to generate a solid and regular income.
This property consists of two floors, of which the ground floor is occupied by a well-known betting shop (Betfred), and the first floor contains a spacious flat. Full details of the property as are follows:
Ground Floor: Betting shop.
Contract has expired.
Current annual rent is £3.5k.
Lease may be renewed with revised rent.
Can be used for other purposes (subject to planning permission).
First Floor (Flat):
Projected annual rental income is £5.5k.
2 Bedrooms, 1 bathroom, 1 large reception room.
The flat is vacant.
Needs some investment to allow for modernisation.
All utilities are available.
Tenure: Freehold
This property has the potential to offer a projected annual income of £9k+. Therefore, it will be a great investment property to buy outright. The buyer should expect to make a light investment in order to renovate the building to a modern standard to be able to achieve the maximum rental income.
EPC for both flat and shop floor will be commissioned at the point of application.
More images are coming soon.
Give us a ring to find out more about this excellent investment opportunity in Sheffield.
Disclaimer Complete accuracy cannot be guaranteed. Always check the details before agreeing to purchase, this includes checking on the existence of relevant permissions. We can assist, if requested. Tenure: The Agent has not had sight of the Title documents and therefore the buyer is advised to obtain verification from their Surveyor. Fixtures and fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. All measurements are quoted approximately. Plans/Sketches Representation is provided for general guidance and is not to scale. Council Tax You are advised to contact the local authority for details.
Property Features :
- Close to Local Amenities
- Off Road Parking