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Detached house for sale
High Street, Sheffield, S1 2LE
£1,200,000
High Street, Sheffield, S1 2LE
£1,200,000
Our Summary
- 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
- This combination of prime location, versatile accommodation, and significant income potential makes this property a standout investment opportunity in Sheffield's thriving city centre
- Mixed Use Development Opportunity
Description
This impressive former Halifax Bank building in Sheffield City Centre offers a unique investment opportunity. Situated on a bustling high street, the property boasts outstanding footfall and visibility, making it ideal for a flagship retail or mixed-use venture. The ground floor, with its extensive glass frontage, is presented in immaculate condition and ready for immediate occupation, with a potential rental income of £70,000 per annum. The upper floors, totaling 7,629 sqft, offer significant redevelopment potential, with the possibility of transforming them into 18 one-bedroom apartments, each with a potential rental income of £925 per month. With an estimated annual rental income of £265,000 and a potential gross development value of £3,500,000, this property presents a standout investment opportunity in Sheffield's thriving city centre, with excellent transport links and proximity to major brands and attractions.