Castle Square Kiosk, Castle Square

Sheffield, S1 2GF

Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1478.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1479.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1483.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1486.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1478.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1479.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1483.JPG
Castle Square Kiosk, Castle Square, Sheffield, Retail / Investment For Sale - IMG_1486.JPG
Investment
Property Type Retail / Investment
Availability For Sale
Size 325 sq ft
Price £140,000
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

A prime investment property in the heart of Sheffield City Centre

Location

The subject property sits in a prime location in the centre of Castle Square which is in the heart of Sheffield city centre. Adjacent to the tram stop, the unit benefits from a high level of passing trade.

The surrounding area is anchored by Sheffield Hallam University to the West and to the East is the rapidly transforming area of Castlegate, one of the most interesting places in the city centre.

Key Points

  • City centre retail kiosk
  • Prime location
  • A popular and busy occupier
  • Lease expiring - May 2025
  • Rent passing - £12,500 pax
  • Price - £140,000+VAT
  • Yield - 8.8% net of 1.5% costs & £360 SDLT

Available area

Floor/UnitDescriptionSq ftAvailability
Ground Retail and ancillary 325 Available

Description

The property comprises a detached, circular, single storey retail unit with a small ancillary store to the rear.

Viewings

Please contact Tim Bottrill using the details below.

Tenure

The property is held by way of a long leasehold interest:

- 125 yr lease from 23rd Dec 1993
- Peppercorn rent
- No review

A copy of the head lease is available on request.

Tenancy

The property is let on the following terms:

- Full repairing and insuring terms
- 10 yrs from 8th May 2015
- Rent passing - £12,500 pax
- Outstanding rent review - May 2020

The property is let to a private individual with a personal guarantee.
A copy of the sub-lease is available on request.

Availability

The property is available for sale on a long leasehold basis.