Property for sale

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Property for sale

Yew Lane, Sheffield, South Yorkshire
£2,500,000

Our Summary

  • Formerly operating as The Players Lounge, a private club and leisure venue (recently demolished), the site is now has planning consent (Ref:23/01850/Ful) for redevelopment into a single-storey care home (Use Class C2) comprising: 6 high-quality residential apartments A communal lounge, staff offices & training room Ancillary amenity and parking areasThe property will be let to Bespoke Care & Support Limited at £176,000 per annum on a new 30-year lease with RPI rent reviews every 5 years (with no cap or collar) and no lease break (example lease available on request)
  • Planning consent granted

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: The property, formerly a private club and leisure venue, is being redeveloped into a single-storey care home by Weiston Developments, with planned completion in October 2025. The property will be let to Bespoke Care & Support Limited on a 30-year lease, with a rent of £176,000 per annum and RPI rent reviews every 5 years. The tenant is a well-established care company specializing in transformative care for over 18-year-olds with severe learning disabilities or personality disorders, with a profit before tax of £831,000 in the last set of accounts. The property is being offered for sale at a price of around £2.5 million, reflecting a net initial yield of 6.64% after purchasers' costs of 6.08%.