This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold (132 years remaining)
- Chain-free, 4th floor, city centre apartment
- Active tenancy until 7 October 2022
- £11,100 pa gross rental income (7.2% gross yield)
- Sold with tenants in situ
- Great investment opportunity / cash buyers only
- Two double bedrooms
- Two bathrooms (one en-suite shower room)
- Allocated parking
- Easy access to the shops, bars, restaurants and cafes within the city centre and beyond
- Excellent transport links - easy access to the train station, motorway and all major bus & tram routes
*CITY CENTRE OPPORTUNITY FOR CASH BUYERS / INVESTORS*
Situated in a prime position within Sheffield City centre, this two double bedroom, 4th floor apartment, with ensuite, separate bathroom and a private, allocated, parking bay is perfectly located for all the trappings and transport links Sheffield has to offer.
Being sold with tenants in situ and all furniture included, the property is currently tenanted until 7th October 2022, achieving a gross rental income of £11,100 pa or £925 pcm (7.2% gross yield). In addition, a further rental income of £960 pa / £80 pcm can be achieved for the allocated parking bay, increasing the gross yield further.
The property is only moments away from a number of the lively bars and restaurants within the area. Being just yards away, the ever popular Leopold Square is an excellent place to spend the evening with family and friends in a fantastic environment. For those requiring a little retail therapy the shopping areas of Orchard Square and Fargate are within a short walk.
Sheffield Theatres, the City Hall, the Winter Gardens and Millennium Gallery are all within close proximity as are excellent public transport links with bus, Supertram and Rail stations all close by. With both Universities along with the Hallamshire Hospital all being easily accessible.
In brief, the property comprises of an entrance hall, two storage cupboards, one of which houses the hot water cylinder and the other having plumbing for a washing machine, an open plan living area with a range of wall and base units, integrated appliances and a large double glazed window with sliding door, two double bedrooms, en-suite shower room and bathroom along with a Juliette balcony and secure allocated parking.
The seller has advised that all furniture and 'white goods' will be included within the sale of the apartment. Oven purchased in 2019. Extractor and hob purchased in 2021.
Other furniture includes; washing machine, fridge-freezer, sofa, dining table, 2 chairs, bed/mattress (x2).
Lease Remaining: 133 years
Ground Rent : £150
Service Charge : £2,844
Gross Rental Income: £11,100 pa
Gross Rental Yield: 7.2%
Current Tenancy Agreement end date: 7 Oct 2022
EWS1
Please note: As the building is over 18m and does have a form of cladding an EWS1 will be needed. As this is currently not in place this opportunity will only suit cash purchasers. An application has been made for BSF funding, however there is not yet confirmation of this being approved.
Rooms
Communal Entrance
Communal entrance gate and secondary inner door with a secure access intercom system opens into a communal stairwell and a foyer with lifts leading to the fourth floor.
Entrance Hall 14'0" x 7'11" (4.27m x 2.41m)
A door with spyglass opens into a bright reception hall. Doors lead off to the main living and kitchen area, two double bedrooms, bathroom, storage/cloak cupboard and a separate storage cupboard which houses the hot water heating cylinder. Dark wood-effect laminate flooring, electric heater.
Family room 12'7" x 15'5" (3.84m x 4.7m)
A bright and airy, open plan, living, kitchen area. Neutral decoration throughout, with dark wood-effect laminate flooring, electric heater, spotlights to the ceiling, TV point and a large double glazed window with sliding door and Juliette balcony providing ample natural light into the room. The kitchen area itself has a contemporary range of matching wall and base units. Integrated appliances include a newly installed electric oven, ceramic hob, extractor hood and dishwasher. Secure access controlled intercom.
Bedroom One 15'5" x 11'3" (4.7m x 3.43m)
Generous master bedroom with neutral decoration and carpet throughout. Spotlights to the ceiling. TV point. Electric heater. Aluminium, double glazed, window. Door leading to the adjoining ensuite shower room.
Ensuite Shower Room 6'7" x 9'8" (2.01m x 2.95m)
White three-piece suite comprising, floating WC, floating hand-wash basin and walk-in shower enclosure with mains-fed shower over. Fully tiled throughout, spotlights to the ceiling and extractor. White upright heated towel radiator.
Bedroom Two 8'5" x 11'3" (2.57m x 3.43m)
Neutral decoration and carpet throughout. Spotlights to the ceiling. Electric heater. Aluminium, double glazed, window. An excellent second double bedroom.
Bathroom 8'2" x 7'4" (2.49m x 2.24m)
White three-piece suite comprising, floating WC, floating hand-wash basin and panel bath with glass shower screen and mains-fed shower over. Fully tiled throughout, spotlights to the ceiling, extractor and white upright heated towel radiator.
Storage Cupboard 3'5" x 5'0" (1.04m x 1.52m)
Accessed from the entrance hall. Large storage area, perfect for hanging coats and other outerwear. Currently houses the washing machine, which is included within the sale.
Airing Cupboard 2'10" x 3'3" (0.86m x 0.99m)
Accessed from the entrance hall. Storage area which houses the electric hot water cylinder.
Parking
An allocated parking space within a gated location is including with the sale of this apartment.
Disclaimer
Haybrook Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Haybrook Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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