• 390 Richmond Road freehold ground floor shop for sale in Sheffield, by Lane Walker

INVESTMENT FOR SALE – 390 Richmond Road, Sheffield, S13 8LZ

408 Sq Ft
£100,000
  • Type: Investment
  • Availability: For Sale
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Property Features

  • For Sale
  • Price: £100,000 (plus VAT)
  • Size: Ground Floor Shop 408 sq ft.

Property Summary

The premises are a ground floor shop, located in a popular and convenient residential area.

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Full Details

Location
The premises are within a popular and convenient residential area with local shops, schools, public transport
and easy access to the city centre and motorway network. The premises which trades as Pejis 3 are located
adjacent to Richmond Fisheries with other occupiers in close proximity including The Co-Op, William Hill and
The Co-Operative Pharmacy.
Other local occupiers include and Asda Superstore, independent shops, bars, restaurants and sports facilities.
Crystal Peaks Shopping Centre and Drake House Retail Park are also close by and the whole area is served
well by excellent public transport.

Accomodation
The ground floor shop is arranged to provide the following approximate dimensions and net internal
floor areas:
Internal Width- 12" sq ft. (3.7 sq m)

Ground Floor Sales- 401 sq ft. (37.3 sq m)
Ground Floor Ancillary- 47 sq ft. (4.4 sq m)
Total- 408 sq ft. (41.7 sq m)

Tenancy
The premises are held freehold and the ground floor is let to Zeynal Demir on a 15-year FRI lease from 23rd
June 2012 at a passing rental of £9,000 per annum exclusive with upwards only rent reviews at 5 yearly
intervals.

Proposal
Our clients require a price of £100,000 plus VAT (if applicable) and subject to contract for this freehold
investment which we calculate shows a purchaser a net initial yield of approximately
8.9%.