Sold
£185,000
1,088 Sq Ft

49-49a Middlewood Road

Hillsborough, Sheffield, S6 4GW

Key Points

  • Located on the Middlewood Road, the main retailing centre in Hillsborough, Sheffield
  • Busy retail location close to Hillsborough Shopping Centre
  • Ground floor shop is let at £18,000 per annum (including landlord business items) and self contained flat is let at £5,720 per annum.
  • Total gross income of £23,720 per annum.
  • Long standing established tenants

Description

The property comprises a mid-terrace building of traditional brick and artificial slate construction. The property is split between retail to the ground floor and a self contained flat to the upper floors.

The ground floor and basement (commercial part) is occupied by 'EW Pearsons & Sons' who operate as a butchers. To the ground floor is a front sales area, rear preparation area, rear store and external detached store. There is further basement storage.

The flat (49a Middlewood Road) is accessed via a rear staircase which leads to external decking. The flat includes a bathroom (WC/shower/wash basin), kitchen, and living room to the first floor, and two attic bedrooms. The flat includes radiators, carpets, dormer windows with a boiler located in the hallway.

Location

The property is located on Middlewood Road in the main centre of the Hillsborough retail district, which is approximately 2 miles north of Sheffield city centre. Middlewood Road is serviced via a bus and supertram network. This area is a busy retailing area with many local and national retailers within a close proximity including Subway, Halifax, British Heart Foundation, B&M, Boots, Beres Sandwich Shop, and many others. Hillsborough is a popular Sheffield suburb with a mix of housing types within a short walk of the subject property.

Tenure

The property is offered for sale on a Freehold basis subject to the current tenancies stated within these details.

Freehold - Title Number SYK93351

Tenancies

The ground floor and basement at 49 Middlewood Road is subject to an existing lease (rent and business equipment), at a rent of £18,000 pa from 1st April 2019, rising to £19,000 pa from 1st April 2024, on a 10 year lease from 1st April 2019. The agreed includes landlord business items for the butchers shop.

The flat to 49a Middlewood Road is let on an assured shorthold tenancy (AST) producing a total income of £5,720 pa (£110 per week). A new AST from 9th June 2023.

Both tenants are long standing and have been in occupation for over 10 years.

The total current approximate income is £23,720 pa. Further details are available by request.

Price

£185,000. We understand VAT is not payable on the purchase price.

Identity Checks

In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser.

Enquire now

Enter your details and we will get back to you. Alternatively, get in touch below…

t: enquiries@smcbrownillvickers.com
e: +44 (0)114 273 8377

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