Summary - 36-40, WAINGATE S3 8LB
1 bed 1 bath Commercial Property
**Standout Features:**
- Mixed-use property with strong rental income of £42,000 per annum.
- Ground floor retail unit leased to "Waingate Food & Wine", generating £18,000 annually.
- Two upper floor flats, each with two bedrooms, rented at £1,000/month.
- Prime city centre location near Haymarket, High Street, and Fargate.
- Potential for future growth with nearby regeneration projects.
**Summary:**
This substantial three-storey mixed-use property in the heart of Sheffield city centre presents a prime investment opportunity. The ground floor is a thriving retail space, currently housing a convenience store, ensuring consistent foot traffic and immediate income. Above, two two-bedroom flats cater to urban professionals and families, enhancing the property’s rental appeal. Given its bustling locale close to major retail corridors and essential amenities, this property is perfectly positioned for strong capital growth.
However, potential buyers should consider the property's location in a high crime area, which may raise concerns for some investors. The property is valued at £400,000, with a long leasehold and a promising gross income return. The vibrant surrounding neighborhood is indicated to be undergoing significant regeneration, suggesting the potential for future appreciation. Whether you're an investor or a first-time buyer seeking cash flow with growth potential, this property offers a solid foundation for your portfolio. Don’t miss this opportunity; properties like this in such a sought-after location are hard to come by!
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