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Riverside Exchange Bridge St 4,470 sq ft Retail Property Sheffield S3 8NH £750,000 (£167.79/sq ft) 6.27% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located within a prime Sheffield office area
- Let to a very strong 5A tenant
- Let on FRI Lease until 2029
- Close to the M1
- Passing rent of £47,000 per annum
EXECUTIVE SUMMARY
• Long Leasehold
• 4,500 sq ft (NIA) over ground floor
• Located within a prime Sheffield office area in the Riverside Exchange Sheme
• Let to ATOS IT Services UK Limited representing a very strong covenant with a 5A rating
• Offers in the region of £750,000
• Passing rent of £47,000 per annum exclusive
• A purchase at this price reflects a NIY of 5.95% assuming purchasers’ costs of 5.40%
• Recent Lease renewal until 2029 on FRI terms
• 4,500 sq ft (NIA) over ground floor
• Located within a prime Sheffield office area in the Riverside Exchange Sheme
• Let to ATOS IT Services UK Limited representing a very strong covenant with a 5A rating
• Offers in the region of £750,000
• Passing rent of £47,000 per annum exclusive
• A purchase at this price reflects a NIY of 5.95% assuming purchasers’ costs of 5.40%
• Recent Lease renewal until 2029 on FRI terms
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,470 sq ft
Costar Property Class
B
Year Built
2007
Price
£750,000
Price per sq ft
£167.79
Yield
6.27%
NOI
£47,000
Tenancy
Single
Number of Floors
1
Plot ratio
0.06
Total Plot Size
1.75 ac
AMENITIES
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- ATOS IT Services UK Ltd
- Health Care and Social Assistance
- 4,467 sq ft
- -
- Jul 2029
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| ATOS IT Services UK Ltd | Health Care and Social Assistance | 4,467 sq ft | - | Jul 2029 |
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Riverside Exchange | Bridge St
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