Sheffield, S1 2DS
| Property Type | Investment / Offices / Other |
| Tenure | For Sale |
| Size | 4,715 sq ft |
| Price | £120,000 - £740,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
The property comprises the following:
1. 32-34 Bank Street, which is currently split into a basement, 3 studios at ground and a further 4 studios at first floor. It also enjoys access to a shared internal courtyard. With the benefit of planning permission for residential conversion, it is currently vacant and suitable for conversion/renovation.
2. 36-38 Bank Street, which is a 3 storey listed building. Refurbished to a high quality, the ground floor space is currently let as artist studios with two 3-bedroom apartments on the 1st and 2nd floors. These are let via AirBNB. There is also a basement area currently used for storage.
The spaces within the property comprise the following:
| Floor/Unit | Description | Building Type | sq ft |
|---|---|---|---|
| Building | 32-34 Bank Street | Commercial Development | 2,204 |
| Building | 36-38 Bank Street | Office | 671 |
| Building | 36-38 Bank Street | Residential | 1,840 |
| Total | 4,715 |
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 fantastic transport links in terms of tram and bus stops. There is also on street and multi-storey car parking immediately nearby.
Below is a summary of the income generated by letting the property:
- Gross Annual Income = £72,315
- Net Annual Income = £52,760
Please see attached document for more information.
Further details are available upon request, which includes planning permission references, access information, a breakdown of sizes, AirBNB listing details, etc.
The properties are held freehold.
The properties are not elected for VAT.
Our client is willing to consider a sale of the whole or separately on terms to be agreed.
