Sheffield, S61 2DW
|Size||6,914 sq ft|
|Energy Performance Rating||This property has been graded as C (58)|
The property is in the region of 4 miles north east of Sheffield City Centre, and is part of a small development. One of its many advantages is the proximity of the M1 motorway, Junction 34 being literally within a few hundred metres. This gives ready access to the whole motorway network.
The property has been designed so that it could be occupied by four separate companies if desired. There is a central entrance area with toilet accommodation, and a lift giving access to the first floor, and then two wings each of which contains its own toilet and kitchenette, to both ground and first floors as well as the office accommodation. The majority is largely open plan, although there are partitioned offices and meeting rooms.
Net internal floor area is taken from the Valuation Office website.
Ground Floor - 323.29 sq m (3480 sq ft).
First Floor - 319.04 sq m (3434 sq ft).
Total - 642.33 sq m (6914 sq ft).
Outside ? 17 car parking spaces.
The entire property is let on a lease dated 20 September 2019 for a term of five years from 29 September 2019, effectively on full repairing and insuring terms. The rent is as follows:-
Year 1 - £46,000.
Year 2 - £48,000.
Year 3 - £50,000.
Year 4 - £52,000.
Year 5 - £54,000.
The tenant is Ecus Ltd (Company No. 0497099). Experian rates the company as low risk. Ecus have been in occupation of the vast majority of the building since it was constructed some ten years ago.
Date prepared 29/10/19
£595,000, which reflects a yield of 8.16% over the remaining years on the lease. We understand that VAT will be payable on the purchase price.