Retail premises for sale in City Road, Sheffield S2

For sale by online auction on Tuesday, 08 Oct 2024 ending at 13:18

Prime Investment Opportunity – Commercial Property with x2 Residential Properties

A great investment opportunity is now available on City Road, Sheffield. This mixed-use property features a commercial unit with a 3-floor, 2-bedroom property and a 2- floor apartment making it an ideal choice for investors seeking a blend of business and residential income.

The seller advises that the Ground Floor Commercial Unit is currently on a 2-year lease from October, and both properties are let including a long standing tenancy of 15 years, providing an immediate and secure income stream.

Both the residential properties have been upgraded with brand-new kitchens and bathrooms, as well as a new roof with a 25-year guarantee.

Situated in a prime location on busy City Road, this property benefits from excellent visibility, strong foot traffic, and proximity to local amenities, schools, and transport links. This property is an ideal investment for those looking to generate rental income from both commercial and residential spaces.

Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.