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Carbonomics 123 Mansfield Rd 22,197 sq ft Industrial Property Sheffield S26 2BR £1,820,000 (£81.99/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located less than a mile from Junction 31 of the M1
- The site extends to 1.02 acres, reflecting a site coverage of approximately 49.5%
- The lease will be contracted inside the Landlord & Tenant 1954 Act and subject to a schedule of condition
- The property comprises a detached industrial unit extending to 22,197 sq ft (2,062 sq m)
- The property will be leased to Carbonomics for a 15-year term upon completion of the sale, subject to a 10th year break option
- The property will produce a total passing rent of £155,379 per annum reflecting £7.00 per sq ft
EXECUTIVE SUMMARY
The property comprises a detached industrial unit with single storey office accommodation and staff welfare facilities to the front of the building. To the southern elevation is two extensions used for storage. The office accommodation is currently undergoing full refurbishment including the following works; new carpets and paintwork, new ceiling tiles and LED lighting, and addition of a further two small offices. The building is of steel portal frame with metal clad external walls. It was originally constructed in the 1970s and underwent external refurbishment in 2009. Internally, the warehouse accommodation is arranged over solid concrete flooring and has an eaves height of approximately 5.6m. There are two ground level loading doors to the side elevation. Externally, the site is bound by palisade fencing with access to the yard and staff car park provided via secure gates. There is additional visitor car parking to the side elevation of the building. The total site area is 1.02 acres, reflecting site coverage of approximately 49.5%.
PROPERTY FACTS
| Price | £1,820,000 | Costar Property Class | B |
| Price per sq ft | £81.99 | Total Plot Size | 1.04 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 22,197 sq ft |
| Yield | 8% | No. Floors | 1 |
| Sale Condition | Sale Leaseback | Year Built | 1970 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Eaves Height | 29 ft (8.84 m) |
| Property Subtype | Warehouse |
| Price | £1,820,000 |
| Price per sq ft | £81.99 |
| Sale Type | Investment |
| Yield | 8% |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 1.04 ac |
| Net Internal Area (NIA) | 22,197 sq ft |
| No. Floors | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Eaves Height | 29 ft (8.84 m) |
AMENITIES
- Courtyard
- Storage Space
- Smoke Detector
UTILITIES
- Lighting
- Water
- Sewer
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Carbonomics | 123 Mansfield Rd
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