Merchant Workspace, Adwick Park, Rotherham S63 5AB
Adwick Park, Rotherham, S63 5AB, UK
4 621 mètres carrés
Descriptif
The property comprises a highly prominent fully let industrial / trade counter scheme extending to a total Gross Internal Area (GIA) of 37,839 sq ft, currently divided into 6 units. The units, located on an island site that extends to a gross site area of 3.17 acres benefits from above average parking and yard provision in addition to a large (0.5 acre) communal car park which has scope for future development (subject to necessary planning consents).
The site is strategically positioned between two arterial routes into Sheffield, Savile Street (A6109) to the north an Attercliffe Road (A6178) to the south, benefitting from outstanding prominence and visibility in an area of substantial traffic flow. The property is positioned approximately 1 mile to the north east of Sheffield City Centre and 2.5 miles south west of Junction 34 of the M1 motorway.
The property is held under a 999-year Long Leasehold (effective Freehold), with the option to purchase the Freehold in 2030 for £1.00.
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Attributs
Superficie du bâtiment nette
3 475 mètres carrés
Occupation
100 %
WAULT aux expirations
7.1 années
WAULT aux pauses
3.1 années
Média
Points forts de l'investissement
Current passing rent £300,700 per annum equating a low rate of just £8.04 per sq ft
WAULT of 7.1 years to expiries and 3.1 years to breaks
Significant scope for reversion in the short term with upcoming lease events across all tenancies within the next 18 months
Strong tenant lineup, including Screwfix & Halfords Autocentres
We are instructed to seek offers in excess of £4,700,000 (Four Million Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level equates to a net initial yield of 6.00%, assuming standard purchaser's costs of 6.58%
Contactez les courtiers
Savile Business Park, Attercliffe Road, Sheffield S4 7WW (0 Propriétés)
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Dernière mise à jour
12 nov. 2025
