Sheffield S7 1Nd
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RESIDENTIAL INVESTMENT OPPORTUNITY 8-46 (EVEN) SHARROW VIEW SHEFFIELD S7 1ND UNBROKEN FREEHOLD BLOCK COMPRISING 20 SELF-CONTAINED FLATS IN VERY POPULAR LOCATION SHEFFIELD RESIDENTIAL INVESTMENT OPPORTUNITY UNBROKEN FREEHOLD BLOCK COMPRISING SHEFFIELD 8-46 (EVEN), SHARROW VIEW, SHEFFIELD S7 1ND 20 SELF-CONTAINED FLATS IN VERY POPULAR LOCATION INVESTMENT CONSIDERATIONS • Unbroken Freehold block • Comprising 20 self-contained flats in total, all of which provide 2 bed accommodation • Located in the Sharrow area of Sheffield, to the south of the city centre • A 10 minute walk from Ecclesall Road, a popular shopping and dining area of the city • Current Rent Reserved: £141,840 per annum • Estimated Rental Value: £156,000 per annum • Excellent break-up opportunity RESIDENTIAL INVESTMENT OPPORTUNITY UNBROKEN FREEHOLD BLOCK COMPRISING SHEFFIELD 8-46 (EVEN), SHARROW VIEW, SHEFFIELD S7 1ND 20 SELF-CONTAINED FLATS IN VERY POPULAR LOCATION TENURE Freehold. LOCATION The subject property is located in Sheffield, South Yorkshire, which has a population of approximately 580,000. The city is located 38 miles east of Manchester, 42 miles south of Leeds and 45 miles north of Nottingham. It is a very well-connected city, with the M1 motorway running parallel to the city and within close reach, provides good access to the north and south of the country, as well as connecting to the M62 motorway in the north. Sheffield Train Station has regular, direct routes to various cities, including Leeds (40 minutes), Manchester (50 minutes) and Birmingham (1 hour 10 minutes). There is also a direct service to London St Pancras, taking approximately 2 hours 10 minutes. The city benefits from the SuperTram network, running throughout the city centre to Meadowhall and Rotherham in the east and Middlewood in the north. Sheffield has recently undergone a large regeneration scheme. The ‘Heart of The City’ project was completed in 2016, which included building the Sheffield Peace Gardens, transforming the Town Hall, improvements to the City Library and upgrading the ‘Theatre District.’ Following its success, the development of ‘Heart of the City II’ has now begun. This comprises a £469 million 7 hectare mixed use scheme designed to attract more workers, investment and visitors to the city. It will include the development of existing listed buildings, as well as introducing various new blocks. The property is located in the Sharrow area of Sheffield, which is 1.2 miles to the south-west of the city centre. The main road in the area is Ecclesall Road, which is home to a vast range of restaurants, bars, cafes and shops, many of which are independent, but with some high street names. The Sheffield Hallam University Collegiate Campus also runs along the road, which houses nursing, psychology and paramedics courses. The Sheffield Botanical Gardens are approximately 1 mile from the property, listed by the English Heritage as a site of special historic and architectural site. CONNECTIVITY The property is located on Sharrow View, which is 1.4 mile to the south west of the city centre and is a 10 minute walk (0.5 mile) from Ecclesall Road. The immediate area surrounding the property is residential, characterised by large detached and semi-detached houses. There is a bus stop a 3 minute walk away on Psalter Lane, providing routes to the city centre. © Crown Copyright, ES 100004106. For identification purposes only. RESIDENTIAL INVESTMENT OPPORTUNITY UNBROKEN FREEHOLD BLOCK COMPRISING SHEFFIELD 8-46 (EVEN), SHARROW VIEW, SHEFFIELD S7 1ND 20 SELF-CONTAINED FLATS IN VERY POPULAR LOCATION DESCRIPTION 8-46 Sharrow View is a stone built property, arranged over ground and three upper floors (including eaves) in the most part. In total, the property comprises 20 x two bedroom self- contained flats. We understand that flats are in tenantable order throughout, with modern fitted kitchens and white bathroom suites. Heating is via electric storage heaters, and flats benefit from timber framed double glazed windows. We understand there is no gas within the building. Six flats have separate entrances to a garden at the rear of the property and there is parking for 20 cars. TENANCIES AND CURRENT RENT RESERVED Currently, 19 out of the 20 flats are let subject to Assured Shorthold Tenancies, producing an income of £141,840 per annum. ESTIMATED RENTAL VALUE If fully let, the Estimated Rental Value for the property is: £156,000 per annum. ENERGY PERFORMANCE CERTIFICATES EPCs can be viewed/downloaded from the data room. Current EPC ratings are as follows: C x 13, D x 7 AML A successful bidder will be required to provide information to satisfy the AML requirements when Head of Terms are agreed. VIEWING INFORMATION We will be undertaking viewings during the course of marketing. If you wish to internally inspect, please register your interest with the office. FURTHER INFORMATION The following documents are available within the download section of the website: www.gellandsharrow.com • Detailed Accommodation and Tenancy Schedule • Sample AST • Energy Performance Certificates SHEFFIELD PROPOSAL Offers in excess of£2,300,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract. For further information or to arrange inspection, please contact: Jack Robson James Wilson William Shoebotham 07899 895262 07825 205 489 07747 720 863 [email protected] [email protected] [email protected] allsop.co.uk Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 05.20.