289 Ecclesall Road, Sheffield, South Yorkshire, S11 8NX

Lot 28

COMMERCIAL INVESTMENT, FLAT INVESTMENT, RESIDENTIAL INVESTMENT

Sold After Auction

  • Substantial mixed commercial/residential investment
  • Comprises Pizza takeaway with 3 bed flat above
  • Ground floor let to Pappa John's (UK) Ltd on 15 year lease at £20,000pa on FRI terms
  • Flat let at £12,060pa
  • Total income £32,060 pa
  • High profile position on Sheffield's 'Golden mile'
Make an enquiry

Property Details

Mixed Commercial and Residential investment producing £32,060 pa.

Accommodation
Ground floor - 106.54 sqm (1,146 sq ft)
First floor - 46.34sqm (499 sq ft)
Second Floor 35.78 sqm (385 sq ft)

Tenancy details
The ground floor is let to Papa John's (GB) Ltd for 15 years from the 10th September 2013 on FRI terms at a rental of £20,000 pa. It should be noted that a 3 month rent free period has been agreed for the June quarter date but the tenant's right to a break clause has been waived.

The residential accommodation is let by way of an Assured Shorthold Tenancy at £12,060pa .

The property is listed as 'Restaurant & premises' in the current rating list and has a Rateable Value of £19,250

Joint Auctioneers
Lambert Smith Hampton

Viewing:

Viewing by appointment with Lambert Smith Hampton. - Max Williamson 07740 442565 MWilliamson@lsh.co.uk

Location of Property

Enquire about this property

* Indicates the form field needs to be filled in by you

Thinking of Selling a Property at Auction?

Speed and certainty at a competitive price!

  • Over 9,500 lots offered over 40 years – we have the experience!
  • Strong reputation and following - The auctioneers in the region
  • In excess of £50m sold in the last two years – Top price a record £1.61m
  • Specialists in dealing with empty unmodernised houses
Get in touch

Speak to an expert

Photo of Adrian Little

Adrian Little
FRICS
FNAVA

Senior Partner & Auctioneer
adrian@markjenkinson.co.uk

Or call: 0114 276 0151