INVESTMENT / REDEVELOPMENT OPPORTUNITY

Key Points

• Office & Industrial Estate
• Producing approximatley £112,176 per annum
• Development potential / increase income
• M1 less than 3 miles away
• Site area 2.5 acres

Location

The property occupies a prominent position at the junction of Rotherham Road (B6066) and Retford Road (B6200) in the Handsworth area of Sheffield. It also has a direct frontage to Orgreave Road. It is adjacent to Dore House Industrial Estate and close to existing housing.

There is good access to Sheffield Parkway via the B6066 (approximately 1.4 miles), to junction 33 of the M1 motorway (approximately 2.9 miles) and to Sheffield city centre (approximately 5.8 miles). The Advanced Manufacturing Park is approximately 0.5 miles and a large housing development at Waverley approximately 0.5 miles away.

Description

The property has been used as administrative offices and a depot/works by the current owners since it was built, but is now mainly let to third parties. It comprises a 4 storey office block and a series of single storey workshops and storage buildings on a large site with extensive yard and parking areas.

Planning

In the adopted UDP and the draft Sheffield Plan, the site is mainly allocated for business/industrial purposes, with a part allocated as open space. Purchasers are advised to make their own enquiries to satisfy themselves that the property is suitable for their intended use.

Tenancy / Accommodation Schedule

Offices

  | Sq Ft | Tenant | Annual Rent | Lease
Ground | 2,250 | Part let to SYHA (below) |   |  
First | 2,250 | Vacant |   |  
Second | 2,250 | Vacant |   |  
Third | 2,250 | Vacant |   |  
Fourth | 2,250 | Hall Uk (Manufacturing)Ltd | £12,000 | From June 2014 - 6 year lease

Workshop Units



 
Sq Ft
Tenant
Annual Rent
Lease


Unit 1
8,071
Kitchen World
£19,200
Initial lease June 2012 (holding over)


Unit 2
2,525
SYHA
£47,500
April 2017 - 5 year lease (Plus yard & part of ground floor offices)


Unit 3
1,840
Concept Performance
£6,600
Initial lease July 2014 (holding over)


Unit 4
1,814
Vacant
 
 



Office Roof

  | Sq Ft | Tenant | Annual Rent | Lease
Roof |   | CTIL | £13,438.14 | December 2016 - 15 year lease with landlord break at end of year 5
Roof |   | Arquiva | £13,438.14 | Same as CTIL lease

 

Tenure

Freehold.

Additional Information

Further information, including title information, copy leases/tenancies, EPCs, topographical survey, etc are available from the agents.