16-18 Snig Hill

Sheffield City Centre, Sheffield, South Yorkshire, S3 8NB

The property is a five storey building of stone and brick construction under a pitched and hipped roof built in 1902. The building provides six retail units at the ground floor with 12 studios/apartments across three floors, some of which are let on a nightly basis, others are let or AST's. A small surface car park is located to the rear of the property.

Details

Type Investment Tenure Freehold £1,850,000 Location City Size 13104.00 Sq Ft ( 1217.4 Sq M)

Highlights

  • Gross rent when fully let - £177
  • 170 per annum. Purchase price at £1
  • 850
  • 000 reflects a yield net of costs when fully let of 9.0%.
  • Attractive historical building. Planning consent for conversion of part of building into 1 retail and 4 apartments.
  • Close to West Bar and Castlegate regeneration.
  • Asset Management Opportunity.
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