Key Property Features
Property Overview
LOCATION
The property occupies a prominent position on Bellhouse Road within the well-established suburb of Firth Park, approximately 4 miles north of Sheffield City Centre. The surrounding area is predominantly commercial and residential in nature, with Firth Parkbenefiting from a strong mix of national, regional and independent occupiers. The property benefits from good levels of passing traffic and footfall together with excellent public transport links and on-street car parking available nearby.
DESCRIPTION
The property comprises two ground floor retail units with ancillary upper floor storage space. The ground floor right hand side unit is occupied by Greggs and fitted out to a high standard. The left hand side unit is occupied by a longstanding takeaway operator and benefits from first floor storage space which is internally accessed and extends above Greggs demise. Externally, there is a small yard to the rear.
ACCOMMODATION (Approx Internal Areas)
31 - Ground Floor Takeaway 441 sq ft 41 sq m
31 - Upper Floor Storage 667 sq ft 62 sq m
31a- Ground Floor Shop 846 sq ft 78 sq m
Total Floor Area 1,948 sq ft 181 sqm
RATING ASSESSMENT
The Premises are assessed as follows.
31-Takeaway - RV £8,400
31a - Shop & Premises - RV £14,000
ENERGY PERFORMANCE CERTIFICATE
Copies of the EPC are available on request.
SALE
Offers in the region of £300,000 are invited for the Freehold interest, with which would reflect a net initial yield of approx. 8.5 %.
VAT will be charged on the purchase price.
TENANCIES
31 Bellhouse Road is let to a Private Individual at a rent of £13,000 per annum expiring in January 2031. 31a is let to Greggs PLC at a rent of £13,250 per annum on a lease that expired March 2026 and they continue to hold over on a statutory continuation tenancy.
MONEY LAUNDERING
In order to comply with Money Laundering Regulations, purchasers will be required to provide identification documentation together with confirmation of the source of funding. Further details on request.
LEGAL COSTS
Each party are to be responsible for the payment of their own legal fees in connection with this transaction