Descripción

The property comprises a highly prominent fully let industrial / trade counter scheme extending to a total Gross Internal Area (GIA) of 37,402 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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Atributos

Superficie neta construida

3475 m²

Ocupación

100 %

WAULT a vencimientos

8.8 años

WAULT a los descansos

8 años

Alquiler Anual Total

372.261,38 €

Media

Aspectos destacados de la inversión

Current passing rent £319,215 per annum equating a low rate of just £8.53 per sq ft

WAULT of 8.8 years to expiries and 8.0 years to breaks

Strong tenant lineup, including Screwfix & Halfords Autocentres

We are instructed to seek offers in excess of £4,350,000 (Four Million Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level equates to a net initial yield of 6.89%, assuming standard purchaser's costs of 6.58%