£240,000
(£162.71/sq. ft)
Retail premises for saleUnits 6 & 7 Phase 2, Park Hill, South Street, Sheffield S2
1,475 sq. ft
EPC Rating: E
Leasehold
About this property
Unique investment opportunity
Income producing at an annual rent of £22,124
Part of Phase 2 of the highly regarded Park Hill regeneration
Let on a 5 yr lease from 12 October 2024
Ideal for private investor
Access provided from South Street
Location
Park Hill is like no other place. Iconic is an overused term, but it really does apply to Park Hill. Completed in 1961, the Grade II* Listed Park Hill (the largest Listed structure in Europe) is a landmark on the Sheffield skyline atop one of the city's seven hills. With the tram and train within a matter of minutes walk, it offers superb connectivity to public transport. Furthermore, a pay and display car park behind Park Hill offers parking for any staff and customers. Park Square Roundabout is just down the hill providing onward access to The Parkway and M1.
Tenancy
The property is let on an equivalent full repairing and insuring lease to Hero of Health Ltd for a term of 5 years, commencing on 12 October 2024, at an annual rent of £22,124 pax. A copy of the lease is available on request.
The property is held by way of a 250 year ground lease at a rent passing of 50p psf pa.
Copies of all the above documents are available on request.
Tenure
The property is available to purchase by way of long leasehold interest at a price of £240,000 plus VAT.
Park Hill is like no other place. Iconic is an overused term, but it really does apply to Park Hill. Completed in 1961, the Grade II* Listed Park Hill (the largest Listed structure in Europe) is a landmark on the Sheffield skyline atop one of the city's seven hills. With the tram and train within a matter of minutes walk, it offers superb connectivity to public transport. Furthermore, a pay and display car park behind Park Hill offers parking for any staff and customers. Park Square Roundabout is just down the hill providing onward access to The Parkway and M1.
Tenancy
The property is let on an equivalent full repairing and insuring lease to Hero of Health Ltd for a term of 5 years, commencing on 12 October 2024, at an annual rent of £22,124 pax. A copy of the lease is available on request.
The property is held by way of a 250 year ground lease at a rent passing of 50p psf pa.
Copies of all the above documents are available on request.
Tenure
The property is available to purchase by way of long leasehold interest at a price of £240,000 plus VAT.
Mortgage calculator
Monthly repayment
£1,200 per month
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