214-216 Shoreham Street, Sheffield, South Yorkshire S1 4ST

Description

Description A substantial corner property occupying a high profile position close to Sheffield's inner ring road and Bramall lane football ground. The property comprises ground floor premises that have in the past being used as a sandwich shop and more recently a deli.

In addition there is spacious residential accommodation to the remainder of ground, first and second floor with 4 bedrooms, giving potential for a sizeable income.

Potential is offered for ongoing letting, possible conversion or own occupation Accommodation Ground Floor Commercial Takeaway Rear Kitchen and Preparation room Ground Floor Residential Sitting Room Dining Room Kitchen First Floor Residential Landing 3 Bedrooms Bathroom/WC Second Floor Attic Bedroom Outside Forecourt and rear yard Tenure Freehold

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £147,500.

HB estimated GDV: £136,000 low / £148,000 base / £159,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.