Chapel Walk – Investment Opportunity

Chapel Walk Sheffield S1 2PD
For SalePrice: £ 350,000 /OIRO
0 Bedrooms 0 Bathrooms

Description


*****  FANTASTIC INVESTMENT OPPORTUNITY TO PURCHASE 6 SHOPS  ****  OVER 15% YIELD ***** LONG LEASES *****

****  Cathedral Properties present this fantastic opportunity to purchase this block of commercial shops in great location, offering over 15% yield per year. All of the shops are on long lease and long term tenants ****

Net £53,076 per annum ****

Carpark at the rear included ****

 

**  TENANCY SCHEDULE **

Unit 42 – Element Games – 12 year term – Lease start date 25.08.2021 – Lease end date 24.08.2033 – Rent (pa) – £24,250 Rising to £27,250 (rising £750 each year) – Area sq ft 1,657

**** Unit 44 -Michelle Walton t/a Birds Yard – 5 year term -Lease start date 02.09.2021 – Lease end date – 01.09.2026 – Rent (pa) -£16,000 – Area sq ft 1,220

**** Unit 46 – Ocean Homeland Ltd t/a Iwan Bubble Tea – 5 year lease – Lease start date -06.06.2022 – Lease end date -05.06.2027 -Rent (pa) – £20,000 – Area sq ft 1,220

**** Unit 48 – Duc Minh Phat Ltd – 6 year lease – Lease start date – 01.05.2022 – Lease end date -30.04.2028 – Rent (pa) £22,000 Rising  to £24,000 year 2 onwards – Area sq ft 1,220

**** Unit 50 – Phoenix Nails and Spa – 6 year lease – Lease start  date 01.06.2021 – Lease end date – 31.05.2027 -Rent (pa) £22,000 Year 1-2 – Rising to £24,000 Year 3-4 – £25,000 Year 4-5 – Area sq ft 1,220

**** Unit 52 – Airwair International Ltd t/a Dc Martins – 5 year lease – Lease start date -11.03.2022 – Lease end date -10.03.2027 – Rent (pa) – £18,000 – Area sq ft 1,080

****  Total Rent (pa) – £122,250 Rising to £130,250 – Total Area sq ft 7,617 ****

 

 

 

 

Additional Details


  •  Great Location
  •  NEXT to busway
  •  Off Road Parking
  •  Storage
  •  Local Amenities
  •  6 Shops
  •  City Centre
  •  FANTASTIC INVESTMENT
  •  Car Park
  •  OVER 15% YIELD
  •  Net £53,076 per annum

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