1 bedroom detached house for sale

Council tax band: TBC

An exceptional opportunity to acquire this impressive former Halifax Bank building, prominently positioned in the heart of Sheffield City Centre. Situated on the bustling high street and neighbouring major brands such as Wendy"s, Mcdonalds, Boots and Cafe Nero.

This substantial property benefits from outstanding footfall and visibility, making it ideal for a flagship retail or mixed-use investment.

The ground floor features an extensive glass frontage, creating a highly attractive retail presence suitable for national or independent occupiers. The space is presented in immaculate condition and ready for immediate occupation. The ground floor and large useable basement offer superb flexibility and are expected to achieve a rental income of approximately £70,000 per annum. There is also potential to subdivide the retail area into two separate units, subject to the necessary planning consents.

Above the retail accommodation are four upper floors which equate to 7,629 sqft, offering significant redevelopment potential. These upper levels could be transformed, subject to planning, into approximately 18 one-bedroom apartments, each benefiting from the city centres strong rental demand. With anticipated rents of circa £925 per apartment per month, coupled with £70,000 pa for the commercial space, the estimated annual rental income would be £265,000, delivering a potential gross development value (GDV) of circa £3,500,000 once completed.

The property enjoys excellent transport links, with the Sheffield tram stop located directly outside providing convenient access to Meadowhall Shopping Centre, and the train station is within easy walking distance. This combination of prime location, versatile accommodation, and significant income potential makes this property a standout investment opportunity in Sheffield's thriving city centre.

All measurements and apartment numbers are indicative only and based on preliminary assumptions. Purchasers should rely on their own investigations and professional advice, including formal measured surveys and architectural assessments.