54 Campo Lane, Sheffield
, S1 2EG
Price: Sale Price: £450,000
Size: 5659 sq ft525 sqm Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH620106 Property Ref/Agent: 201
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 31, 2020
A semi-detached, mixed use, period building set within the conservation area. The property is predominantly office accommodation with a retail unit fronting Campo Lane. The accommodation is spread over 4 floors (lower ground to 2nd floor). The majority of the office space is let and income producing with several tenants currently holding over. A new 10 year lease has been agreed on the ground floor retail unit and part of the ground floor office space.
Lower Ground Floor
3 yrs from November 2017
10 yr lease from 1st Sept 2019.
Copies of tenancy agreements are available on request.
Offices on the ground floor are currently vacant and total 755 sq ft (70 sq m). These are available at a quoting rent of £10,500 pa.
The property is held on a 200 year lease from 25th March 1915.
Title Number - SYK416785
Passing rent of £38,300 pax. Based on an asking price of £450,000 (Four Hundred & Fifty Thousand) reflects a net initial yield of 8.15% after purchasers costs of 4.28%. When fully let the net yield would be up to 10.38% assuming the vacant space is let at £10,500 pa.
The subject property is located in central Sheffield in close proximity to Sheffield Cathedral.
It is within the heart of the traditional professional quarter of the city.
Campo Lane is home to many small and medium scale professional practices. Due to the proximity to the center of the city public transport links are excellent with the Supertram (Cathedral Stop) within a few hundred meters.
EPC for 54 Campo Lane, Sheffield
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