Property Information
Address:
Alliance House, 9 Leopold Street & 20 Orchard Street, Sheffield, South Yorkshire
, S1 2GY
Price: Property no longer available.
Size: 2293 sq ft213 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH612341
Property Ref/Agent: 154
*Please use the agent ref when calling the agent directly.
Property description
Accommodation
Ground Floor:
Restaurant including kitchen and toilets – 108 sq m (1163 sq ft), recently fully fitted out.
Basement:
Office, and stores – 46 sq m (495 sq ft).
20 Orchard Street (Bookmakers Premises) - 59 sq m (635 sq ft), including retail area, counter, and public toilets.
Upper Floor: Each floor contains two well proportioned apartments.
Each apartment contains living area, kitchen, two bedrooms, each with ensuite shower/WC, full underfloor heating.
These apartments are exceptionally well fitted, the whole refurbishment was carried out to a high standard including air-source heat pumps.
Lease/Tenancy Details
9 Leopold Street (restaurant) - newly signed three year lease on an internal repairing basis at £23,500 per annum exclusive of rates.
Basement – the office is let on an informal tenancy at £2,500 per annum.
20 Orchard Street – let to William Hill Organisation Ltd for a term expiring in June 2021 at a rental of £21,000 per annum, exclusive of rates.
The residential accommodation has been let on assured shorthold tenancies, the majority on eleven month tenancies, and some on twelve months (schedule as detailed below).
Apartment No.
Monthly Rent
Tenancy Length
Annual Income
1
£1,200
11
£13,200
2
£1,200
11
£13,200
3
£1,300
12
£15,600
4
£1,200
11
£13,200
5
£1,300
11
£14,300
6
£1,100
11
£12,100
7
£1,300
12
£15,600
8
£1,200
12
£14,400
9
£1,300
11
£14,300
10
£1,200
12
£14,400
Summary of Income
Restaurant: £23,500, basement: £2,500, 20 Orchard Street: £21,000, residential: £140,300.
Total - £187,300
Location
The property fronts onto Leopold Street, within a few hundred metres of the the Town Hall.
The rear property fronts onto the pedestrianised Orchard Street.
The main shopping district of Fargate is close by, there are frequent public transport services, including Supertram etc.
Both Universities are within walking distance.
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