£10.750.000
Confirmation
Multi-let Regional City Centre Office
Property Details
Broker
Deactivated
58,488 sq.ft.
5,434 m²Leasable area
183.80 £/sq.ft.
1,978 £/m²8.50 %
5
Freehold
Fees
Investment Overview
Sheffield is the commercial, administrative and retail centre of South Yorkshire with a City Region population of 1.80 million. Property is prominently situated within Sheffield’s CBD. Property comprises of a modern, high quality office building of 58,488 sq ft constructed in 2008 and comprehensively refurbished in 2015 at a cost of £1.3 million. Light, efficient and easily divisible floor plates, enabling the creation of optimal sized units to suit market demand. Multi-let to five tenants with an attractive WAULT of 5.8 years to expiries and 3.9 years to breaks. Rental income of £974,005 per annum (inclusive of vendor rental top ups and vacant guarantees on 3rd and 10th floors).
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