Property photos
Just added
Freehold
£300,000
(£230.24/sq. ft)
Office for sale
40A Bank Street, Sheffield S11,303 sq. ft
Local area information
Property location
Nearby amenities
- Sheffield 0.5 miles
- Netherthorpe Primary School 0.6 miles
- Astrea Academy Sheffield 0.6 miles
- Darnall 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sheffield to find out more about the local area.
Features and description
- Freehold
- Unique business centre investment
- Historic building comprehensively refurbished
- 7 studios - fully let
- Net income of £30,233 pa
- Competitive 10% yield
- Of interest to investors or owner occupiers
Description
40A Bank Street is a 2 storey refurbished building providing 7 studios, with shared WC and kitchenette facilities. The refurbishment has been recently completed and benefits from:
- Underfloor heating
- Fully redecorated
- New double glazing
- Lighting
- Feature entrance and staircase
- Communal internet
- Shared external courtyard
The property is accessed via a shared ginnel between 40 and 42 Bank Street.
Location
The property is located in the Cathedral Quarter in Sheffield city centre. The Cathedral Quarter has witnessed a renaissance in recent years with a number of substantial buildings being converted into private residences. The property is a stone's throw from Fargate and thus enjoys excellent transport links in terms of tram and bus stops. There is also on street and multi-storey car parking immediately nearby.
Tenure And Tenancy
The property is held freehold and is currently fully let to 7 separate tenants, all on short term contracts with 3 month notice (further details available on request).
The tenancies are all on an all exclusive basis (except business rates) and provide a total annual income of £32,280 pax. This provides a net annual income of £30,233 pax.
The Opportunity
The property is ideal for an investor seeking a well let small investment with management responsibilities. Alternatively it could appeal to a potential owner occupier.
Availability
The property is available to purchase freehold for £300,000 with the benefit of the existing tenancies. The property is not elected to pay VAT.
40A Bank Street is a 2 storey refurbished building providing 7 studios, with shared WC and kitchenette facilities. The refurbishment has been recently completed and benefits from:
- Underfloor heating
- Fully redecorated
- New double glazing
- Lighting
- Feature entrance and staircase
- Communal internet
- Shared external courtyard
The property is accessed via a shared ginnel between 40 and 42 Bank Street.
Location
The property is located in the Cathedral Quarter in Sheffield city centre. The Cathedral Quarter has witnessed a renaissance in recent years with a number of substantial buildings being converted into private residences. The property is a stone's throw from Fargate and thus enjoys excellent transport links in terms of tram and bus stops. There is also on street and multi-storey car parking immediately nearby.
Tenure And Tenancy
The property is held freehold and is currently fully let to 7 separate tenants, all on short term contracts with 3 month notice (further details available on request).
The tenancies are all on an all exclusive basis (except business rates) and provide a total annual income of £32,280 pax. This provides a net annual income of £30,233 pax.
The Opportunity
The property is ideal for an investor seeking a well let small investment with management responsibilities. Alternatively it could appeal to a potential owner occupier.
Availability
The property is available to purchase freehold for £300,000 with the benefit of the existing tenancies. The property is not elected to pay VAT.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
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