Well-Let Office Investment – Long-Term Development Potential

Distinctive Building located in the Catherdral Quarter of Sheffield
Located on the edge of the City Centre opposite East Parade
Rent £24,500 pa
Yield 6.70% after purchase costs

Enquire

location

Sheffield is England’s fourth largest city with a population of just under 1m
within a ten-mile radius of the centre.

It is the regional centre of SouthYorkshire and is some 33 miles south of Leeds and 38 miles east of Manchester.

The city benefits from excellent road, rail and air links.

description

A very distinctive property mid-terrace property in the heart of Sheffield’s traditional professional district providing ground floor showroom, first and
second floor offices with basement storage and amenity space.

The building is of brick construction with decorative stone front elevations beneath a slate roof.

There is a single off-street car parking space to the rear which is accessed off St Peter’s Close.

accommodation

3,258 sq.ft over:

GF – Showroom & Office: 1,060 sq.ft
FF – 4 Offices, Kitchen: 715 sq.ft
SF – 5 Offices, WCs: 690 sq.ft
B/ment – Kitchen, Stores: 794 sq.ft

tenancy

The property is let under a 10-year FRI lease from February 8th, 2013 with provision for rent reviews at five yearly intervals. There are no break clauses in the lease.

The current rent passing is £24,500 pa and the 2018 rent review has not been triggered.

proposal

Sold