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Price History
Our Summary
- Freehold mixed-use investment opportunity
- Includes commercial unit with planning permission for residential
- The asset generates immediate income with clear scope for rental growth and value enhancement
- Current Income Profile Ground floor commercial unit (office): £250 PCM One-bedroom flat (located to the rear of the commercial unit): £580 PCM Two-bedroom upper floor duplex apartment: £925 PCM Total current rent: £1,755 PCM / £21,060 per annum Investment Highlights: - Freehold title - Three self-contained units - Immediate income-producing asset - Commercial unit benefits from planning permission for change of use to residential (plans available, valid for 3 years) - Reversionary potential across all units - Rear-positioned one-bed flat adds privacy and lettings appeal - Value-Add Opportunity There is clear scope to increase rents in line with local market levels: - One-bed flat: £600–£650 PCM - Two-bed duplex: £1100 PCM - Commercial unit: £300 PCM (or conversion to residential for further uplift) Projected income (midpoint): £650 + £1100 + £300 = £2050 PCM / £24,600 per annum Yield Analysis (at £300,000 purchase price) Current net yield: £21,060 ÷ £300,000 = 7
- 2% + potential net yield through active management Additional upside via commercial-to-residential conversion An ideal acquisition for investors seeking strong cash flow with clear upside potential
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Description
The property is a freehold, mixed-use asset located at South Road in Sheffield, comprising three self-contained units. The units extend to approximately 1518 sqft and include a commercial unit, a one-bedroom flat, and a two-bedroom upper floor duplex apartment. The current income profile is £1,755 PCM, with opportunities for rental growth and value enhancement.
The property has a commercial unit with planning permission for change of use to residential, as well as rear-positioned one-bed flat, adding privacy and lettings appeal.