3 bed Flat For Sale £105,000
For sale by online auction: Terms and conditions apply
We are delighted to offer for sale this ideal investment property, This Four storey mixed use property is located on a prominent position on Bellhouse Road, Shiregreen, Sheffield. The property offers an investor or owner occupier an excellent opportunity to acquire freehold premises in a popular area with excellent links for nearby motorways. The building briefly offers a large retail/commercial unit to the ground floor - Currently in use as Hairdressers for over 15 years by the same tenant. To the second floor there is a self-contained two-bedroom flat, Which is in need of modernisation after a long term tenant moved out. To the fourth floor there is a second self-contained one-bedroom flat (Tenant in situ)
Great potential - Current annual passing rent £8,040 with potential of £14,040 per annum once fully occupied
The property benefits from a very large rear plot of land, that could be rented to generate extra income.
The building stands on busy Bellhouse Road, Shiregreen, Sheffield, S5. Located near a number of mix commercial and residential properties
Accommodation
shop
Two large rooms, including small toilet
6.230 x 8.407
flat 1
Kitchen 3.300 x 2.429
Lounge 2.517 x 3.330
Bedroom One 4.445 x 2.299
Bedroom Two 3.651 x 3.836
Bathroom 2.409 x 2.601
Toilet room 1.684 x 1.117
flat 2
Lounge / Kitchen 4.980 x 3.244
Bedroom 3.065 x 2.823
Bathroom 1.880 x 1.516
Tenancies
The tenancies are as follows Hairdressers pay £4140 (£345pcm) per annum and has been in the property for 15 years and expressed an interest in extending her lease when it expires in July 2022. One bedroom Flat gaining an annual rent of £3900 (£325pcm) Two bedroom Flat generating £5700 (£475pcm) until recently when the tenant moved out.
Site
No parking with the property however the retail units and tenants in the flats above have historically used parking spaces to the front of the building.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between £2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.
We are delighted to offer for sale this ideal investment property, This Four storey mixed use property is located on a prominent position on Bellhouse Road, Shiregreen, Sheffield. The property offers an investor or owner occupier an excellent opportunity to acquire freehold premises in a popular area with excellent links for nearby motorways. The building briefly offers a large retail/commercial unit to the ground floor - Currently in use as Hairdressers for over 15 years by the same tenant. To the second floor there is a self-contained two-bedroom flat, Which is in need of modernisation after a long term tenant moved out. To the fourth floor there is a second self-contained one-bedroom flat (Tenant in situ)
Great potential - Current annual passing rent £8,040 with potential of £14,040 per annum once fully occupied
The property benefits from a very large rear plot of land, that could be rented to generate extra income.
The building stands on busy Bellhouse Road, Shiregreen, Sheffield, S5. Located near a number of mix commercial and residential properties
Accommodation
shop
Two large rooms, including small toilet
6.230 x 8.407
flat 1
Kitchen 3.300 x 2.429
Lounge 2.517 x 3.330
Bedroom One 4.445 x 2.299
Bedroom Two 3.651 x 3.836
Bathroom 2.409 x 2.601
Toilet room 1.684 x 1.117
flat 2
Lounge / Kitchen 4.980 x 3.244
Bedroom 3.065 x 2.823
Bathroom 1.880 x 1.516
Tenancies
The tenancies are as follows Hairdressers pay £4140 (£345pcm) per annum and has been in the property for 15 years and expressed an interest in extending her lease when it expires in July 2022. One bedroom Flat gaining an annual rent of £3900 (£325pcm) Two bedroom Flat generating £5700 (£475pcm) until recently when the tenant moved out.
Site
No parking with the property however the retail units and tenants in the flats above have historically used parking spaces to the front of the building.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between £2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.
