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70-72 Sheffield Road & 2A-2B Calvert Street 70-72 Sheffield Rd 4,000 sq ft Retail Property Hoyland S74 0DQ £395,000 (£98.75/sq ft) 10.33% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Five residential units and single retail unit all fully let
- Well located facing Sheffield Road, 1 mile to the west of the town of Hoyland and only ½ mile from J.36 of the M1 motorway.
- Prominent, well-located premises just off J.36 M1
EXECUTIVE SUMMARY
There is a current gross rental receivable of £40,800 per annum. A full tenancy schedule can be provided upon request. All tenants pay business rates / council tax directly to
the local authority and also pay for their own utilities.
Each residential letting is on an assured shorthold tenancy with the ground floor retail unit being held on a formal commercial lease. Copies of leases / tenancy agreements are available upon request.
the local authority and also pay for their own utilities.
Each residential letting is on an assured shorthold tenancy with the ground floor retail unit being held on a formal commercial lease. Copies of leases / tenancy agreements are available upon request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,000 sq ft
Costar Property Class
B
Year Built
1900
Price
£395,000
Price per sq ft
£98.75
Yield
10.33%
NOI
£40,800
Tenancy
Single
Number of Floors
2
Plot ratio
1.00
Total Plot Size
0.09 ac
Frontage
AMENITIES
- Bus Route
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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70-72 Sheffield Road & 2A-2B Calvert Street | 70-72 Sheffield Rd
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