investment property
for sale
GROUND FLOOR 292 RINGINGLOW ROAD SHEFFIELD S11 7PX
Approximately: 614 sq ft (57 sq m)
INVESTMENT PROPERTY
Established tenant. Tenant willing to sign new lease. Rental income £10,000 per annum. Net initial yield just under 8%.
Incorporating
HALE SAUNDERS
DESCRIPTION This is an established butchers shop with ancillary accommodation, occupying the ground floor of a mid parade building. The upper floor flat is in a separate ownership. This is a busy small local centre, and a butchers business has been established in this location for very many years. Bents Green is a very popular residential area, and the centre benefits from a good degree of local trade, including at lunch times bearing in mind the proximity of well regarded schools. RATING ASSESSMENT Rateable Value £5,400. LEASE The current tenant has been in occupation for many years, and is holding over on an effective full repairing and insuring lease at a rental of £10,000 per annum. The tenant has indicated a willingness to sign a new six year lease at the same rent. PRICE REQUIRED £120,000. This represents a net initial yield of little under 8%. ENERGY PERFORMANCE CERTIFICATE To be confirmed. FURTHER INFORMATION/VIEWING Viewing is strictly by courtesy of the tenant, and appointments should be made through SMC Chartered Surveyors on 0114 281 2183, email: [email protected] Prepared 10 August 2017
Saxton Mee Commercial Limited (SMC) for themselves and the vendor give notice that: 1 These particulars do not form, or form part of, any offer or contract. 2 They are intended to give a fair description of the property, but neither SMC nor the vendor will accept any responsibility for any error they may contain, however caused. Any intending purchaser therefore must satisfy himself by inspection or otherwise as to their correctness. 3 Neither SMC, nor any of their employees, has any authority to make or give further representation or warranty whatever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transactions.
54 Campo Lane, Sheffield, S1 2EG
Fax: 0114 276 2979 Web: www.smcommercial.co.uk [email protected] S075 Ravensworth 01670 713330
GROUND FLOOR 292 RINGINGLOW ROAD SHEFFIELD S11 7PX
Approximately: 614 sq ft (57 sq m)
INVESTMENT PROPERTY
Established tenant. Tenant willing to sign new lease. Rental income £10,000 per annum. Net initial yield just under 8%.
Incorporating
HALE SAUNDERS
DESCRIPTION This is an established butchers shop with ancillary accommodation, occupying the ground floor of a mid parade building. The upper floor flat is in a separate ownership. This is a busy small local centre, and a butchers business has been established in this location for very many years. Bents Green is a very popular residential area, and the centre benefits from a good degree of local trade, including at lunch times bearing in mind the proximity of well regarded schools. RATING ASSESSMENT Rateable Value £5,400. LEASE The current tenant has been in occupation for many years, and is holding over on an effective full repairing and insuring lease at a rental of £10,000 per annum. The tenant has indicated a willingness to sign a new six year lease at the same rent. PRICE REQUIRED £120,000. This represents a net initial yield of little under 8%. ENERGY PERFORMANCE CERTIFICATE To be confirmed. FURTHER INFORMATION/VIEWING Viewing is strictly by courtesy of the tenant, and appointments should be made through SMC Chartered Surveyors on 0114 281 2183, email: [email protected] Prepared 10 August 2017
Saxton Mee Commercial Limited (SMC) for themselves and the vendor give notice that: 1 These particulars do not form, or form part of, any offer or contract. 2 They are intended to give a fair description of the property, but neither SMC nor the vendor will accept any responsibility for any error they may contain, however caused. Any intending purchaser therefore must satisfy himself by inspection or otherwise as to their correctness. 3 Neither SMC, nor any of their employees, has any authority to make or give further representation or warranty whatever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transactions.
54 Campo Lane, Sheffield, S1 2EG
Fax: 0114 276 2979 Web: www.smcommercial.co.uk [email protected] S075 Ravensworth 01670 713330
