SMC have sold 3 Blackburn Road in Sheffield!
SMC Chartered Surveyors have disposed of the freehold interest of this purpose built office. The property is located very close to the M1 motorway junction 34 with easy access to Sheffield, Rotherham and surrounding towns and cities.
SMC acted on behalf of a number of investors and achieved a sale after an abortive transaction following the covid pandemic in 2020. The property is fully let on the remains of a five year lease from 2019 to Ecus Ltd. The tenant has been in occupation since the property was built over a decade ago. The investment is producing an average £50,000 pa rent over the term with a rent in year 5 at £54,000 pa.
The property has been sold to a local property investor.
Do you have a office investment you are thinking of selling? Please get in touch or call us on 0114 281 2183 for advice.