Sold
Sheffield – Asset management opportunity comprising 26 prime located flats
8-24 High Street & 12-14 George Street, Sheffield, S1 2PF
Offers in excess of £1,850,000
- Property Type:
- Residential
- Sub Type:
- Multiple Flats
- Tenure:
- Long Leasehold
Lease Term
The property is held by way of a Head Lease for a term of 250 years from (and including) the date of completion, at a peppercorn ground rent.
The Freeholder is Vintage Capital (No.2) Limited. A copy of the Head Lease is available to view/ download from the data room.
Description
- Head leasehold (250 year lease to be executed on sale)
- Comprising 26 self-contained flats above ground floor retail
- 2 x studios
- 4 x one beds
- 20 x two beds
- Prime location on main Sheffield City Centre high street
- Asset management opportunity to significantly increase income
- Period property with attractive features and high ceilings throughout
- Estimated Rental Value (fully let): £183,600 per annum
- Gross Yield: 9.9% (based on ERV)