Freehold Garage With 3 Letting Apartments In Sheffield For Sale

Business description

Description:
A very long established FREEHOLD vehicle repair garage situated at the heart of one of Sheffield's most exclusive and affluent residential, business and shopping areas.

This extremely exciting and highly unusual opportunity comprises three separate letting apartments, with an open archway leading to the existing vehicle repair garage and a very spacious enclosed cobbled courtyard. This is incredibly rare for such a highly desirable location.

Most advantageously, there exists outline planning consent for the development of a further two bungalow style properties within the courtyard.

This is an incredible, realistically priced opportunity, which would suit either the forward thinking and profit-minded developer, or an investment entrepreneur seeking to acquire a thriving existing business with an allied property investment yielding a handsome monthly rental income.

THIS IS AN EXTREMELY RARE OPPORTUNITY NOT TO BE MISSED.

EARLY VIEWING IS VERY HIGHLY RECOMMENDED.

Premises Details:
The business and property consist of an extensive and imposing 14-room terraced house with frontage onto Pomona Street, with drive-through archway leading to a spacious enclosed cobbled courtyard at the rear.

The courtyard currently houses the single storey vehicle repair garage and admin office, and entrance access to two of the letting apartments. The third apartment can be accessed from pomona Street.

The property benefits from current outline planning consent to redevelop the courtyard into a further two bungalow/cottage style one bedroom dwellings, which would significantly increase the desirability and value of the site.

It may be possible, subject of course to the required consents, to revise the existing plans in order to further increase the scope of the development and extract maximum benefit from this most unusual opportunity.

It will be necessary for intersted parties to view the property in order to fully appreciate the scope and diversity of the opportunity on offer here.

Planning Consent:
As previously detailed, outline planning consent exists for the development onsite of two small residential units. It will of course be necessary for interested parties to complete their due diligence in respect of the suitability of this opportunity.

Property information

Property:

Freehold

Lease terms:

The property is virtual freehold, held on a lease of 800 years from 3rd September 1898, with an annual ground rent payable of just £15.00.

Location:

The freehold business and substantial property are quite superbly situated on Pomona Street, which runs parallel with Ecclesall Road, right at the very heart of the most popular, affluent and exclusive area of Sheffield.

This is a truly incredible location for such an exciting, diverse and potential filled opportunity, virtually impossible to find in modern times in such an advantageous and exclusive position.

Business Operation

Reasons for selling:

The opportunity ios now offered for sale due to the retirement of our clients. OUTSTANDING, INCREDIBLY RARE AND UNUSUAL OPPORTUNITY, WHICH MUST BE VIEWED.

Years established:

The business was established by our clients in 1984.