Property Information
Address:
292 Ringinglow Road Sheffield, South Yorkshire, S11 7PX
, S11 7PX
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH602018
Property Ref/Agent: 68-292-ringinglow-road-sheffield
*Please use the agent ref when calling the agent directly.
Property description
Investment
Availability
For Sale
Size
0 to 614 sq ft
Freehold Price
£120,000
Business Rates
(based on rateable value of £5,400)
Energy Performance Rating
Upon enquiry
GROUND FLOOR RETAIL INVESTMENT
Location
This is a busy small local centre, and a butchers business has been established in this location for very many years.
Bents Green is a very popular residential area, and the
centre benefits from a good degree of local trade, including at lunch times bearing in mind the proximity of well regarded schools.
Key Points
Established tenant
Tenant willing to sign a new lease
Rental income of £10,000 per annum
Net initial yield of just under 8%
Description
This is an established butchers shop with ancillary accommodation, occupying the ground floor of a mid parade building.
The upper floor flat is in a separate ownership.
Accommodation
Ground Floor - 614 sq ft (57 sq m)
Tenure
Long leasehold, 800 years from 29th December 1930.
Lease Details
The current tenant has bene in occupation for many years, and is holding over on a effective full repairing and insuring lease at a rental of £10,000 per annum. The tenant has indicated a willingness to sign a new six year lease at the same rent.
Price Required
£120,000. This represents a net initial yield of a little under 8%.
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