627 Ecclesall Road, Sheffield, South Yorkshire

For Sale
Property Type:
556 - 1,250 Sq Ft
For Sale £445,000 To Purchase
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About the Property

The premises are situated in a prime position fronting Ecclesall Road, Sheffield's premier suburban district centre, close to Hunters Bar. Other multiples in the immediate vicinity include Spar Retail, Mowgli restaurant, Juke & Loe as well as a series of very popular independent retail and leisure occupiers.

Ecclesall Road is an arterial route direct from Sheffield City Centre out towards the South Western residential suburbs, and is arguably Sheffield's prime suburban retail pitch, popular with both larger national occupiers as well as local independent traders.

The ground floor is a modern retail premises, with rear stores. The upper parts comprise a 3xbed residential flat accessed via the passageway and stairs up to the rear.

The residential was substantially upgraded recently to provide good quality, modern accommodation, including 2 WC's, kitchen and 3 good sized bedrooms.

The ground floor retail is let on a 10 year lease from 9th May 2016, therefore expiry 8th May 2026. The current passing rent is £16,500 per annum.

The upper parts are let on an AST commencing from 1st July 2021, expiry 30th June 2022 at an annual rent of £12,816 (£356 per month per person x 3). The Tenants pay their own utilities.

The property has not been elected for VAT, therefore VAT is not applicable to the purchase price.

Property Location

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