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Investment property / Commercial shop for auction

Highfield, S2 - Get Access

1 bed

Description

An inner terrace sales shop occupying a high profile level on an exceptionally busy part of Sheffield's London Road. The property offers accommodation over four levels and requires a comprehensive scheme of restoration with most aspects requiring attention. Excellent potential is offered to renovate to meet individual needs, and interested parties may look at the possibility of residential accommodation to the upper floors. Accommodation comprises a ground floor of 34.09 sq m with a front room (16.04 sq m), inner lobby (3.11 sq m), and rear room (14.94 sq m); a first floor of 33.81 sq m with a front room (19.65 sq m) and rear bedroom (14.16 sq m); a second floor of 14.24 sq m featuring an attic bedroom; and a basement of 23.87 sq m including a front cellar (13.62 sq m) and rear cellar (10.25 sq m). The total net internal floor area is approximately 106 sq m (1,140 sq ft). Externally, the property benefits from a rear yard area. The site area is approximately 54 sq metres, and the property is held on a lease of 800 years from 29th September 1867.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,140 sq ft (Listing)

Valuing this four-level inner terrace mixed-use shop and accommodation on London Road involved examining nearby terrace transactions on the same thoroughfare. The property presents a fair overall condition with dated commercial fittings and interior decor requiring modernisation. The valuation floor area of 1,140 sq ft was used to establish baseline metrics.

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