Summary - 30-34, HIGH STREET S1 2GE
1 bed 1 bath Detached
Large city-centre redevelopment with strong rental upside and excellent transport links.
Freehold multi-storey retail block, circa 13,000 sqft overall
This substantial freehold retail block sits on Sheffield’s busy High Street, offering immediate retail presence with a large glazed frontage and excellent pedestrian footfall. The ground floor and basement are ready for occupation and expected to produce around £70,000 pa. The site benefits from direct tram access and proximity to major national names, supporting strong leasing demand.
Above the retail are four upper floors (circa 7,629 sqft) with clear redevelopment potential. Preliminary assumptions indicate conversion to around 18 one-bed apartments could help drive a combined ERV of approximately £265,000 pa and a GDV near £3.5m. The property’s size (circa 13,000 sqft) and city-centre position make it suitable for a flagship retail operator or mixed-use repositioning for rental housing.
Buyers should note material caveats: the income and GDV figures are indicative only and reliant on securing planning consents for subdivision or residential conversion. The building is offered vacant freehold, but upper-floor conversion will require architectural, survey and planning work. The immediate area records very high crime levels, which may affect lettings, insurance and management costs.
This is a value-add investment for a purchaser prepared to progress surveys, planning and refurbishment. With strong transport links, high footfall and a large usable footprint, the asset presents a clear redevelopment route for experienced investors seeking central Sheffield exposure.
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