Summary
INVESTMENT / REDEVELOPMENT OPPORTUNITY
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.
Office & Industrial Estate
Producing approximatley £112,176 per annum
Development potential / increase income
M1 less than 3 miles away
Site area 2.5 acres
Listed Features
- Storage
- Parking
- Development
