4 and 6 Ridgeway Road, Manor Top, Sheffield, S12 2SS

  • Investments
  • 1,942 sq ft
  • For Sale
4 and 6 Ridgeway Road, Sheffield, Investments For Sale - WP_20181116_10_01_25_Pro.jpg
4 and 6 Ridgeway Road, Sheffield, Investments For Sale - 4 and 6 Ridgeway Road
4 and 6 Ridgeway Road, Sheffield, Investments For Sale - 4 and 6 Ridgeway Road
Property Type Investments
Availability For Sale
Size 1,942 sq ft
Freehold Price Long Leasehold Asking Price £295,000
Business Rates Lower Ground Floor - £4,600 Rateable Value, Ground Floor No 4 - £8,000 Rateable Value, Ground Floor No 6 - £9,000 Rateable Value and First Floor No 4A - £5,600 Rateable Value
Energy Performance Rating Upon enquiry

Long Leasehold Multi Tenanted Investment.

Key Features

  • Current Total Annual Rental Received - £26,000.
  • Vacant two bedroom flat.

Location

The property is situated to the west side of Ridgeway Road, approximately 50 yards away from its junction with City Road which provides good access to Sheffield City Centre. Sheffield City Centre lies approximately two miles to the west via the A616.

The property comprises a ground, lower ground and first floor multi tenanted investment property.  There is an Electronic Cigarettes outlet and a Florist to the ground floor and Taxi Office and flat to the first floor.

The secure yard to the rear is occupied by a vehicle breakdown contractor.

Accommodation

   SQ M SQ FT 
Lower Ground Floor    
Tenanted Yard - -
Ground Floor    
Number 4 - Mirage Cigarettes 52.2 562
Number 6 - Florist 53.6 577
First Floor    
Number 4A - Taxi Office 74.6 803
Number 6A - Two Bedroom Flat Not Measured

Services

We understand that all mains services are connected.

Tenancies

Mirage Cigarettes Limited occupy the ground floor of number 4 by holding over by way of a nine year underlease from 1 April 2009 at a current rent of £8,750 per annum.  Terms are agreed to extend this occupation for a further nine years.

The Florist occupies the ground floor of number 6 by holding over by way of a three year underlease from 7 February 2011 at a current rent of £7,850 per annum.

The Taxi office occupies the first floor of number 4A by way of a nine year underlease from 30 May 2012 at a current rent of £5,500 per annum.

The two bedoom flat to the first floor of number 6A is currently vacant, however, it was previously occupied by way of a 12 month Assured Shorthold Tenancy Agreement at a rent of £355.00 per month.

The secure yard to the lower ground floor is occupied by way of a three year underlease from 1 March 2016 at a current rent of £3,900 per annum.

Tenure

The property is for sale Long Leasehold for a term of 200 years from 25 March 1936 at a non-reviewable ground rent of £37.00 per annum.

VAT

We understand VAT is not payable in this instance.

File No - STE014/10066

Fernie Greaves Chartered Surveyors

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