Property Information
Address:
238, 238a Abbeydale Road Sheffield, S7 1FL
, S7 1FL
Price: Property no longer available.
Size: 874 sq ft81 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH592565
Property Ref/Agent: 44-238-238a-abbeydale-road-sheffield
*Please use the agent ref when calling the agent directly.
Property description
Investment
Availability
For Sale
Size
874 sq ft
Freehold Price
offers in the region of £200,000
Business Rates
(based on rateable value of £7,000)
Energy Performance Rating
Upon enquiry
RESTAURANT / RESIDENTIAL INVESTMENT OPPORTUNITY
Location
Located on Abbeydale Road, which is one of the main arterial routes leading to and from Sheffield City Centre to the south western suburbs.
The area is located less than 2 miles south west of Sheffield City Centre, and is within a local suburb of largely independent retailers and restaurants within the Nether Edge area known as the ‘Antiques Quarter.’ The area has a high concentration of residential occupants and commercial operators including retailers, cafes, restaurants and hot food uses.
Nearby occupiers include Mr Pickles Yorkshire Food Emporium, Bragazzi’s, Mac & May, Amici & Bici, amongst others.
Key Points
Prominent location on Abbeydale Road within the popular ‘Antiques Quarter’
Located close to Mr Pickles Yorkshire Food Emporium, Bragazzi’s, Mac & May, Amici & Bici, etc
Ground floor restaurant let on a new lease at £11,000 per annum, with self-contained flat let at £6,600 per annum
Generating a total income of £17,600 per annum
Description
A mid-terrace three storey property compromising of a ground floor restaurant and a self-contained three bed room flat to the upper floors.
The ground floor provides a largely open plan restaurant space with a kitchen and WC facilities.
To the upper floor (which is accessed via the rear passage and staircase) is a self-contained flat. The accommodation comprises a kitchen, two living rooms, bathroom (shower, wash basin and WC) and three bedrooms.
Accommodation
Sq M
Sq Ft
Ground Floor Restaurant
Sales Area
50.06
539
Kitchen
31.11
335
WC
Total Net Internal Area
81.17
874
External access to separate living accommodation.
Residential Flat
First Floor
Front Living Room
4.81m x 3.83m
Rear Living Room
3.60m x 3.89m
Kitchen
4.93m x 1.88m
Second Floor
Bedroom 1
4.81m x 3.92m
Bedroom 2
3.75m x 2.66m
Bedroom 3
2.06m x 5.56m
Bathroom (including shower, wash basin, bath & WC)
Tenure
Long leasehold, 800 years from 29th September 1984.
Lease/Tenancy Details
The ground floor restaurant is let to individuals trading as ‘La Mama’ on a new six year lease on an effectively full repairing and insuring basis. The passing rent is £11,000 per annum with a rent review at the end of the year three. The lease provides a tenant option to break at the end of year two. La Mama’s have been trading from this location since September 2009.
The flat is let on an assured shorthold tenancy at a rental of £550 per calendar month.
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