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Retail Park in Sheffield

Sheffield, United Kingdom

71%

£6.250.000

Retail

#34642

Core+

28 Oct 2024

Property Details

Broker

Sold

53,019 sq.ft.

4,926 m²

Leasable area

117.88 £/sq.ft.

1,268 £/m²

9.50 %

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

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.