Guide Price: £125,000
Description
An inner terrace freehold investment property located in the heart of Hillsborough, comprising a high profile retail unit with residential accommodation above. The shop is let for 5 years 1st March 2025 at £700 whilst the flat is let by way of an established tenancy at £430 pcm, giving a useful overall income of £13,560 pa.
Location
Hillsborough is a popular residential area, well served by comprehensive facilities including parkland, sporting facilities and schools. The university and City Centre are within easy reach via Supertram and the nearby the A61 Penistone Road gives easy access to the Motorway network and a number of regional centres. Middlewood Road is the main road through the centre and the property is located close to the turning onto Taplin Road opposite the entrance to the shopping precinct.
Planning
Interested parties should consult directly with the Local Planning Authority: Sheffield City Council, Howden House, 1 Union Street, Sheffield, S1 2SH. Telephone: 0114 203 9183.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 29TH JULY AND CLOSES ON WEDNESDAY 30TH JULY.
3. The property is entered in the 2023 Rating List as "Shop & Premises" with a Rateable Value of £7,500. The Rateable Value (RV) is not the amount payable.
4. Energy Performance Certificate = C.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
Outside
There is access to the shop and flat from Taplin Road to a rear yard and small parking space.
Tenancy
The first floor flat is let by way of an established Assured Shorthold Tenancy at £430 pcm, the current tenant being in occupation since 2012.
The ground floor is let for a period of 5 years from 1st July 2022 at £700 pcm
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