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20 bedroom block of apartments for sale
Apartments 1-8, Portabrook Apartments, 245 Broomhall Street, Sheffield, South Yorkshire, S3 7SP
£875,000
Apartments 1-8, Portabrook Apartments, 245 Broomhall Street, Sheffield, South Yorkshire, S3 7SP
£875,000
Our Summary
- The existing layout of the property does allow for conversion of the larger apartments into smaller ones to provide more separate units within the building
- We have been advised that historic conversations with the planning department with regards to development potential by adding an additional second storey to the building and whilst no planning permission was applied for or granted we have been advised the planning department did provide favourable feedback in this regard
- PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION
- TO BE SOLD BY PUBLIC ONLINE AUCTION ON 29TH OCTOBER 2025
Description
This freehold residential block of apartments is situated near the bottom of Ecclesall Road, within walking distance of several universities, hospitals, and the city center. The property has undergone recent renovations, featuring updated kitchens, bathrooms, flooring, and decor throughout its 8 apartments, which range in size from 2 to 4 bedrooms and have balconies. The apartments are let on fixed-term ASTs until June 2026, generating an annual income of £112,860. The property's layout allows for potential conversion of larger apartments into smaller units, and while no planning permission was applied for, the local planning department has provided favorable feedback on adding an additional storey to the building, potentially increasing its development potential.