£270,000
Retail premises for sale
Property photos
Leasehold
£270,000
(£101.69/sq. ft)
Retail premises for sale
Unit 1 Phase 3, Park Hill, Rhodes Street, Sheffield S22,655 sq. ft
Local area information
Property location
Nearby amenities
- Sheffield 0.2 miles
- Seven Hills School (SEN) 0.4 miles
- All Saints' Catholic High School 0.4 miles
- Darnall 1.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sheffield to find out more about the local area.
Features and description
- Leasehold
- Unique ground floor commercial space: Currently operated as convenience store
- Income producing at an annual rent of £25,000 pax
- Let on a 10 year lease from September 2021
- Part of Phase 3 of the highly regarded Park Hill regeneration
- Investment opportunity for sipp/private investor/owner or occupier
- Situated under Beton House - home to around 300 students
- Access provided by Rhodes Street
Description
Park Hill is being developed in phases with the property comprising a ground floor retail space. It is situated under Phase 3, with Beton House above being a modern purpose built student block. It is one of only a limited number of retail spaces at Park Hill. The current tenant has fitted out the space as a convenience store. Neighbouring business occupants include bloc Hairdressers.
Location
Park Hill is like no other place. Iconic is an overused term, but it really does apply to Park Hill. Completed in 1961, the Grade II* Listed Park Hill (the largest Listed structure in Europe) is a landmark on the Sheffield skyline atop one of the city's seven hills. With the tram and train within a matter of minutes walk, it offers superb connectivity to public transport. Furthermore, a pay and display car park behind Park Hill offers parking for any staff and customers. Park Square Roundabout is just down the hill providing onward access to The Parkway and M1.
Tenancy
The property is let on an equivalent full repairing and insuring lease to Crown Convenience Store Ltd for a term of 10 years, commencing on 10 September 2021, at an annual rent of £25,000 pax. The tenant has an option to break after 5 years. A copy of the lease is available on request.
The property is held by way of a 250 year ground lease at a rent passing of 50p psf pa.
Copies of all the above documents are available on request.
Tenure
The property is available to purchase by way of long leasehold interest at a price of £270,000 plus VAT.
Park Hill is being developed in phases with the property comprising a ground floor retail space. It is situated under Phase 3, with Beton House above being a modern purpose built student block. It is one of only a limited number of retail spaces at Park Hill. The current tenant has fitted out the space as a convenience store. Neighbouring business occupants include bloc Hairdressers.
Location
Park Hill is like no other place. Iconic is an overused term, but it really does apply to Park Hill. Completed in 1961, the Grade II* Listed Park Hill (the largest Listed structure in Europe) is a landmark on the Sheffield skyline atop one of the city's seven hills. With the tram and train within a matter of minutes walk, it offers superb connectivity to public transport. Furthermore, a pay and display car park behind Park Hill offers parking for any staff and customers. Park Square Roundabout is just down the hill providing onward access to The Parkway and M1.
Tenancy
The property is let on an equivalent full repairing and insuring lease to Crown Convenience Store Ltd for a term of 10 years, commencing on 10 September 2021, at an annual rent of £25,000 pax. The tenant has an option to break after 5 years. A copy of the lease is available on request.
The property is held by way of a 250 year ground lease at a rent passing of 50p psf pa.
Copies of all the above documents are available on request.
Tenure
The property is available to purchase by way of long leasehold interest at a price of £270,000 plus VAT.
Floor plans and tours
Floor plans (2)
2 floor plans available
View the floor plans to understand the space and layout of this property.
More information
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