1. Property photo 1 of 13 Exterior
  2. Property photo 2 of 13 Picture No. 15
  3. Property photo 3 of 13 Shop

Fixed price

£500,000

End terrace house for sale
London Road, Sheffield, South Yorkshire S2

  • Auction
  • Freehold

Reeds Rains - Sheffield City Living

Logo of Reeds Rains - Sheffield City Living

About this property

  • Investor Opportunity

  • Retail and residential opportunity

  • 5 X flats - 4 are 1 bedroom 1 is 2 bedroom

  • 2 X shop premises below - currently let

  • No offers below starting bid will be considered

  • Annualised income currently £56,080

  • Reservation fees to secure will apply

  • Closing date for bidding 9AM Friday 28th Feb

Commercial investment opportunity - No offers below starting bid will be considered*

Flats 1-5 & Shops 300 and 302,298-302 London Road, Sheffield

Overview
Presenting an exceptional investment opportunity on London Road, Sheffield—a thriving area known for its vibrant community and diverse amenities. This mixed-use development consists of five residential flats and two commercial units, currently generating a combined income of £56,080 per annum. The property is being offered for sale through the modern method of auction, allowing potential buyers to bid transparently and secure this valuable asset.

Residential Properties
Flats 1-5,298 London Road
Flat 1: £595 pcm.£7140 pa.
Flat 2: Vacant but to be let at £ 625 pcm. £7,800pa
Flat 3: £850 pcm. £10,200 pa
Flat 4: £650 pcm. £7,800 pa.
Flat 5: £595 pcm. £7,140 pa
Total £40,080 pa

Tenancy Information: All residential units are let on Statutory Periodic Tenancies (spt), offering flexibility for rent reviews and potential for increased income.

Commercial Properties
Shops 300 and 302, London Road

Shop 300: Currently operated as a general store
Shop 302: Currently operated as a restaurant and sports bar
Current Commercial Income: £8,000 per annum each, totalling £16,000 per annum

Total gross rental £56,080

Key Benefits of Purchasing on London Road, Sheffield
Prime Location: London Road is a bustling thoroughfare in Sheffield, renowned for its diverse array of shops, eateries, and cultural venues. The area enjoys high foot traffic and is a popular destination for both locals and visitors.

Strong Rental Demand: The proximity to Sheffield city centre, universities, and hospitals ensures a steady demand for rental properties, both residential and commercial.

Income Growth Potential: With all residential units on spt tenancies, there is an opportunity for immediate rent reviews and income enhancement. The current rental income of £52,120 per annum offers a solid return on investment, with room for growth.

Diverse Tenant Mix: The commercial units cater to a variety of customer needs, enhancing the appeal of the location and providing a stable income stream.

Transport Links: The area is well-served by public transport, with easy access to major roads and public transport routes, making it convenient for residents and customers alike.

Auction Details
Method: Modern Method of Auction
Bidding: Now Open!
Auction Platform:
Fees: Auction fees will apply to secure the property.
How to Bid
To place a bid or for further information, you can:

Register online at
Speak to a member of our sales team who can assist you in placing your bid immediately.

Viewing Arrangements
We invite prospective buyers to arrange a viewing to fully appreciate the potential of this investment. Please contact our sales team to schedule a visit.

**** auction terms ****

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SCI240310/8

Kitchen Dining Room (4.6m x 3.8m (15' 1" x 12' 6"))

Bathroom 1 (3.9m x 3.48m (12' 10" x 11' 5"))

Bedroom 2 (4.37m x 2.3m (14' 4" x 7' 7"))

Lounge (1.32m x 3.89m (4' 4" x 12' 9"))

Living Room (4.34m x 3.84m (14' 3" x 12' 7"))

Hallway

Bathroom

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  • Tenure

    Freehold

  • Council tax band

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Property descriptions and related information displayed on this page are marketing materials provided by - Reeds Rains - Sheffield City Living. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Reeds Rains - Sheffield City Living for full details and further information.