Lot
066
Auction: March 2024 Online Auction 27/03/2024 - Bidding opens Tuesday 26th March 10:00 AM

Flats 1-4, 50 Machon Bank, Nether Edge, Sheffield, South Yorkshire, S7 1GP

Property Details
Location
Description
A substantial inner terrace investment property located in this popular and convenient residential area off Abbeydale Road, comprising a long established conversion into 4 flats. 3 flats are currently let by way of 6 month tenancies and when fully let, the overall annual income is in excess of £20,000. Potential is offered for ongoing letting or future conversion back into a family house and the property benefits from a good size rear garden and pleasant open outlook
Location
Machon Bank runs between Abbeydale Road, at the junction with Empire Road and Moncreiffe Road in the long established residential area of Nether Edge, less than 2 miles to the south east of Sheffield City Centre.
Accommodation

Ground Floor 
Communal Reception Hallway
Flat 2Sitting Room, Dining Kitchen & Shower Room/WC
Lower Ground Floor
Meter Room
Flat 1 Bedsitting Room with shower, Kitchen & Rear Lobby with WC
First Floor
Landing
Flat 3

Living Kitchen, Bedsitting Room & Shower Room/WC

Second Floor
Landing
Flat 4Bedsitting Room & Shower Room/WC

Outside
Forecourt and good size rear garden with pedestrian access.
Tenure
500 years from 26th October 1909 at an annual ground rent of £7
Tenancy

FLATTermRental (pcm)
Flat 16m from 22nd March 2023£395
Flat 26m from 25th March 2023£395
Flat 3Currently vacant £450 (previous)
Flat 46m from 2nd March 2023£468
TOTAL
Current £15,096 (£20,496 fully let)

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

3. Energy Performance Certificate:
Flat 1 = D.
Flat 2, 3 & 4 = E.

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