Investment Properties for sale in Sheffield

View the "Investment Opportunity Proposed 9 Residential Properties" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £574,950 Price Reduced Turnover: £198,757
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Business Description
DEVELOPMENT

Hilton Smythe welcomes to the market this former MOT garage come large development opportunity. The garage is now being sold as an investment property with potential planning for 9 residential homes.

Currently the land has a large MOT garage and car park which holds approximately 14 cars. This garage was a family run business and was first established over 60 years ago. This was a thriving garage in this area, however, our clients are now selling due to the desire to take a well-deserved retirement. The garage has since closed and all of the garage equipment is included in the sale. The former garage was a great success and offered a generous range of services. We are advised that the business had a turnover in the region of £200,000 per annum. Receiving a large amount of custom from the heavy footfall and passing trade. This would be a great opportunity for a purchaser looking for a fully fitted garage.

However, this concern is now being offered to the market as a development opportunity. Our clients have been considering converting this plot of land into 9 residential homes and are currently pursuing planning permission. The owners have had an architect draw up some plans, which proposes 9 generous sized properties, with four on the main road and five within the cul-de-sac.

The houses briefly comprise of: -

1,2 and 3 - two storey properties with attic rooms.

4 – three storey property with a two-storey side extension.

5,6 & 7 – Row of terrace properties 2 ½ storeys with attic rooms.

8 & 9 – Two semi-detached houses, both two storeys with an attic room.

Each of the houses have generous sized front and back gardens.

This is a fantastic residential location, due to the close proximity to the City Centre of Sheffield. This is a sought-after location for those commuting to the City.

The investment property would be perfect for a purchaser with experience in development. Hilton Smythe highly advise early viewing, to take in the full potential of this premises.

LOCATION

This investment opportunity is located in Sheffield, South Yorkshire.

The land occupies a prominent corner position on a main road with heavy passing traffic, just on the outskirts of the City Centre. The land ideally faces a popular shopping parade and is situated within a heavily populated residential area.  

This area benefits from all amenities, such as a church, primary school, medical centre, library, social club as well as a variety of retail outlets. This is a great location to both live and work. The quiet cul-de-sac would be perfect for family homes, which planning has been put in for.

The land is minutes away from the busy A61, one of the main routes into Sheffield. Having a large corner plot makes this area extremely visible to passing trade.

GARAGE

The former garage has been well maintained and currently comes with a separate MOT bay with inspection pit.

The main garage is also well equipped with 4 post and 2 post ramps, body repair area, separate room with reference books and equipment.  

There is a well fitted workshop to the rear of the garage with Laithes, tools and a toilet facilities.

The upper level of the garage is a small mezzanine used as storage and staff canteen.

There is an extension to the main garage which hosted as the reception area. There is also a seepage office which has 3 desks

External

Roller shutter doors, alarm and cctv cameras around the building.  

TENURE

We are advised the property is being offered as a Freehold opportunity.

Tenure: Freehold

Listed by: Hilton Smythe
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