BNP Paribas uses cookies on this website. By continuing to use our website you accept the use of these cookies.
Please see our cookie policy for more information.

Distressed Assets - For sale - 1-9 President Way - Sheffield

1-9 President Way

President Park
Sheffield, S4 7UR

   

  • Sheffield is an established, high-end manufacturing and engineering hub in the UK in an excellent strategic location within one mile of junction 24 of the M1 and Meadowhall Shopping Centre.
  • Nearby occupiers include Sheffield Forgemasters International, Firth Rixon Limited and Doncasters Group.
  • Freehold Modern Industrial Estate of 4 Units totalling 85,197 sq ft.
  • Well let with WAULT of 4.9 years to lease expiry. Total income of £370,592.50 pax.
  • Seeking offers in excess of £4,400,000 (four million four hundred thousand pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.96% and a low capital value of £51.64 psf assuming purchasers costs of 5.8%.

Description

The property comprises a terrace of 3 modern factory/warehouse units, with a further self contained unit adjoining which was constructed at a later date.

The units are of steel portal framed construction, with brick and blockwork walls overclad with steel panels, under a pitched roof with circa 10% translucent roof lights. Good quality ancillary office accommodation is provided, predominantly over two storeys, including male, female, disabled w/c’s and kitchen facilities.

The units have a minimum eaves height of 8.0 metres, with roller shutter door access and benefit from large travelling cranes. The units were constructed from 1996/1997.

Ancon and Baldwin & Francis have installed significant production machinery within their units. The estate has the benefit of dedicated staff/customer car parking to the front of the buildings and a secure shared yard providing loading access to the rear.

Location

Sheffield is the fourth largest city in England and is the commercial and administrative capital of South Yorkshire. The city has a resident population of 551,800 (2011 Census) and a population of 2.1m living within an hours drive.
Sheffield is located approximately 56km (35 miles) south of Leeds and 67 km (42 miles) east of Manchester. London is 269 km (167 miles) to the south.

Sheffield has excellent communication links being served by junctions 31-34 of the M1 motorway to the east of the city, which provides access to the rest of the UK. There are direct and regular rail services to London St Pancras with a fastest journey time of 2 hours. Robin Hood (Doncaster) Airport also provides regular flights throughout Europe and is 32 km (20 miles) east of the city.

Sheffield has a strong industrial and manufacturing heritage as demonstrated by
the fact that Boeing and Rolls-Royce have both recently opened new state of the art production facilities at the Advanced Manufacturing Park. In recent years Sheffield has also diversified its economy attracting major financial institutions such as Aviva, Nationwide Building Society and HSBC which has based its European IT operations in Sheffield. Top national legal practices including Irwin Mitchell, Nabarro LLP and DLA Piper and major communication firms such as Sky, Plusnet and Virgin Media all have a major presence in Sheffield.

Key to the economy of the region is Meadowhall a 1.5m sq ft shopping centre, one of the largest in the UK attracting 25 million visitors per year. Sheffield has an unemployment rate for the period ending March 2014 of 3.8% which compares favourably with other major regional cities including Leeds and Manchester, which for the same period had rates of 4% and 4.2% respectively.

Additional information

We are instructed to seek offers in excess of £4,400,000 (Four million, four hundred thousand pounds) reflecting a net initial yield of 7.96%, and
a low capital value of £51.64 per sq ft, assuming purchasers costs of 5.80%.

A full EPC for each unit is available on request. The property has been elected for VAT.



Unit / Floor Size SQFT Description
Units 1 & 2 16,500 Sheffield Care Trust Lease Start Date: 31 March 2006 Lease Expiry Date: 30 March 2016 Next Review: 30 March 2016
Units 3 & 4 18,096 Ancon Limited Lease Start Date: 13 February 2013 Lease Expiry Date: 12 February 2022 Next Review: 13 February 2018
Units 5 & 6 17,556 Ancon Limited Lease Start Date: 13 March 2013 Lease Expiry Date: 12 February 2022 Next Review: 13 February 2018
Units 7 & 8 22,987 Baldwin & Francis Lease Start Date: 31 March 2006 Lease Expiry Date: 31 March 2016 Next Review: 26 August 2014
Unit 9 10,058 Motorhall Limited Lease Start Date: 1 August 2012 Lease Expiry Date: 31 July 2017 Next Review: N/A
Total 85,197  

Access
  • Parking : Not Known
  • Number of parking places : 0
  • Updated: 17/10/2014
    Reference: 758119
    Distressed Assets Industrial building: For sale, Leasehold
    10,058  min
    22,987  max
    £4,400,000 OFFERS IN EXCESS OF
    Arrange viewing Request details Download brochure
    Your contact

    Mr Guy Cooke
    Balm Green
    S1 2JA

    +44(0)114 263 9247

    Mr Tom Swallow
    Balm Green
    S1 2JA

    +44(0) 114 263 9208

    annuaire.fulldisplay.same.criteria.assets

    annuaire.fulldisplay.same.zona.assets


    International
    With a presence in 36 countries, BNP Paribas Real Estate has a global reach, offering our clients in Asia, Middle East and North America unparalleled European expertise.
    Carte implantations
      
     
     
     

    Latest News and Insights
    blogs square