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)