323-325 Abbeydale Road

Sheffield, S7 1FS

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Offers close 04/10/17
Property Type Office, Industrial, Retail, Land, Development, Land (residential), Investment, Restaurant
Availability For Sale
Size 4,411 sq ft
Freehold Price £335,000 335,000 offers in the region of

RETAIL & OFFICE INVESTMENT

Key Points

  • Ground floor trade counter, office and warehouse, plus car park. Let to Bang Tidy Clothing Ltd at £19,750 pa.
  • First and second floor let to Hedgerow Publishing Ltd at £5,500 pa.
  • Prominent corner position with frontage to A621.

The property has a frontage to Abbeydale Road (A621) and is at the corner of Aizlewood Road, from which there is access to the large rear car park.

Areas are on a net internal basis.



Sq mSq ft

Bang Tidy Clothing Ltd

Main building 145.181,563

Warehouse extension 141.001,518



282.803,081



Hedgerow Publishing Ltd

Ground floor entrance/store 14.67158

First floor offices and store 67.08 722

Second floor 45.28487



127.03 1,367

0.107 ha (0.26 acre)

323 Abbeydale Road (ground floor yard)

Let to Bang Tidy Clothing Ltd. Term: 5 years from 1 May 2014. Rent: £19,750 pa. Effectively full repairing lease within Landlord & Tenant Act 1954.



325 Abbeydale Road (upper parts)

Let to Hedgerow Publishing Ltd. Original lease dated 20 Jan 2006. Current lease for a term of 5 years from 10th Sept 2010 (tenant is currently holding over under the Landlord & Tenant Act 1954). Rent: £5,500 pa. Internal repairing lease, but the landlord can recoup costs associated with repairing the structure and common parts.



Copies of the leases in pdf format can be made available on request.



Potential to convert upper parts into residential use to increase income stream.

Potential for redevelopment given size of site, eg convenience store, apartments, mixed use scheme, etc.

Purchasers should make their own enquires.



Offers around £335,000 are invited. This would represent a gross initial yield of 7.5% based on the current income of £25,250 pa.

Please contact Mike Hull or Francois Neyerlin on 0114 281 2183, email: mike.hull@smcommercial.co.uk / francois.neyerlin@smcommercial.co.uk

The ground floor premises have been extended from the original pair of terraces with a series of offices, a trade counter and a steel framed warehouse.



The upper floors have a separate entrance from Abbeydale Road and comprise former residential space converted to office and storage use.



There is a large tarmac and brick paved rear car park/yard with security fencing.