297-299 Ecclesall Rd 3,648 SF 53% Leased Retail Building Sheffield S11 8NX £960,000 (£263.16/SF) 8.02% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominently located on Ecclesall Road
- Commercial and residential freehold
- Popular occupiers nearby
EXECUTIVE SUMMARY
The property comprises a mid-terrace retail unit with three separate self-contained two bed flats above. Offers are being sort in the region of £960,000 for the freehold
interest. A purchase at this level reflects an attractive net initial yield of 8.02% assuming usual purchaser’s costs of 5.72% and the retail unit is let at the quoting rent.
interest. A purchase at this level reflects an attractive net initial yield of 8.02% assuming usual purchaser’s costs of 5.72% and the retail unit is let at the quoting rent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,648 SF
Building Class
B
Year Built
1950
Price
£960,000
Price Per SF
£263.16
Net Initial Yield
8.02%
NOI
£76,992
Percent Leased
53%
Tenancy
Multiple
Number of Floors
4
Building FAR
1.40
Lot Size
0.06 AC
AMENITIES
- Security System
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
The available space accommodates a large open retail area throughout, with prominent timber framed bay windows to the front. The rear of the unit comprises of an office, store, kitchenette and WC. Outside, there is a small external yard accessed from fire door.
| Space | Size | Space Use | Position | Available |
| Ground | 1,268 SF | Retail | End Cap | Now |
Ground
| Size |
| 1,268 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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NEARBY MAJOR RETAILERS
