£6.250.000
Confirmation
Retail Park in Sheffield
Sheffield, United Kingdom
71%
Retail
#34642
Core+
27 Oct 2024
Property Details
Broker
Sold
53,019 sq.ft.
4,926 m²Leasable area
117.88 £/sq.ft.
1,268 £/m²9.50 %
Freehold
X
Fees
Investment Overview
Prominently situated on the A61, which is a major arterial route. Located adjacent to a B&Q Warehouse and amongst a cluster of other retail occupiers. Class E planning with limited restrictions. Two recent lettings demonstrate tenant demand and have increased footfall. Comprises 53,019 sq ft on a site of 4.46 acres showing a low site cover of 27%. Average passing rent of £11.92 psf. WAULT of 5.13 years to lease expiry and 3.60 to breaks. 70% of the income is secured to tenants with a Delphi Credit Assessment of Very Low Risk.
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