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London Road, South Yorkshire S2 1 bed end of terrace house for sale
London Road, South Yorkshire S2
£500,000
London Road, South Yorkshire S2
£500,000
Our Summary
- COMMERCIAL INVESTMENT OPPORTUNITY - No offers below starting bid will be considered*Flats 1-5 & Shops 300 and 302, 298-302 London Road, SheffieldOverviewPresenting an exceptional investment opportunity on London Road, Sheffield—a thriving area known for its vibrant community and diverse amenities
- The property is being offered for sale through the modern method of auction, allowing potential buyers to bid transparently and secure this valuable asset
- £7,140 paTotal £39,420 paTenancy Information: All residential units are let on Statutory Periodic Tenancies (SPT), offering flexibility for rent reviews and potential for increased income
- Auction DetailsMethod: Modern Method of AuctionBidding: Now Open
- Auction Platform: Fees: Auction fees will apply to secure the property
- AUCTION CLOSING DATE 19-02-2025 at 11:30Viewing ArrangementsWe invite prospective buyers to arrange a viewing to fully appreciate the potential of this investment
- * AUCTION TERMS *Auctioneer Comments This property is for sale by the Modern Method of Auction
- This method of auction requires both
Description
This commercial investment opportunity presents a unique chance to acquire a mixed-use development on London Road, Sheffield, a thriving area with a vibrant community and diverse amenities. The property consists of five residential flats and two commercial units, generating a combined income of £55,420 per annum. The flats are let on Statutory Periodic Tenancies, offering flexibility for rent reviews and potential for increased income. The commercial units are currently operated as a general store and a restaurant and sports bar, with a combined income of £16,000 per annum. The property benefits from a prime location, strong rental demand, income growth potential, and diverse tenant mix. With easy access to public transport and major roads, this investment offers a solid return on investment and room for growth. The auction is open, and interested buyers can register online or schedule a viewing to fully appreciate the potential of this investment.