Sheffield, S1 2DS
| Property Type | Investment / Offices |
| Tenure | For Sale |
| Size | 1,130 sq ft |
| Price | £300,000 |
| Energy Performance Rating | This property has been graded as A (25) |
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
- A EPC rating
The property is accessed via a shared ginnel between 40 and 42 Bank Street.
The spaces within the property comprise the following:
| Floor/Unit | Description | sq ft | Availability |
|---|---|---|---|
| Ground | Studio 1 | 240 | Let |
| Ground | Studio 2 | 160 | Let |
| Ground | Studio 3 | 80 | Let |
| Ground | Studio 4 | 90 | Let |
| 1st | Studio 5 | 230 | Let |
| 1st | Studio 6 | 160 | Let |
| 1st | Studio 7 | 170 | Let |
| Total | 1,130 |
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.
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 property is ideal for an investor seeking a well let small investment with management responsibilities. Alternatively it could appeal to a potential owner occupier.
