Office for sale in Campo Lane, Sheffield S1

From £425,000 (£75.1/sq. ft)
Office for sale 5,659 sq. ft*
Interested in this property? Call +44 114 446 9322 * or Request Details

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Property description

Key Points

  • Income Producing
  • Long Standing Tenants
  • Central Location
  • Rent - £32,300 pa with potential to increase income by letting vacant parts
  • Oiro - £425,000
  • Description

    A semi-detached, mixed use, period building set within the conservation area. The property is predominantly office accommodation with a retail unit fronting Campo Lane. The accommodation is spread over 4 floors (lower ground to 2nd floor). The majority of the office space is let and income producing with several tenants currently holding over. A new 10 year lease has been agreed on the ground floor retail unit and part of the ground floor office space.

    Location

    The subject property is located in central Sheffield in close proximity to Sheffield Cathedral. It is within the heart of the traditional professional quarter of the city. Campo Lane is home to many small and medium scale professional practices. Due to the proximity to the center of the city public transport links are excellent with the Supertram (Cathedral Stop) within a few hundred meters.

    Terms

    Passing rent of £33,200 pa with potential to increase income once offices are fully let. Offers in the region of £425,000 (Four Hundred & Twenty-Five Thousand).

    Specifications

    • Electricity (single phase)
    • Gas
    • Water
    • Mains drainage
    • Fire alarm
    • Telephone
    • Broadband
    • Central heating

    Accomodation

    Floor | Sq M | Sq Ft
    Lower Ground Floor | 129.69 | 1,396
    Ground Floor | 143.99 | 1,550
    First Floor | 168.61 | 1,815
    Second Floor | 83.42 | 898
    Total | 525.71 | 5,659

    Tenancy Information

    Tenant | Rent | Lease Status
    Poetry Business | £4,000 | 3 yrs from November 2017
    bw Healthcafe Surveyors Ltd | £1,500 | 1 year from 3rd July 2020
    Mr Saxby | £12,500 | 10 yr lease from 1st Sept 2019.
    Smc | £8,000 | Holding over
    Mrs Hill | £2,100 | Holding over
    York Archaeology | £5,100 | Holding over
    Total | £33,200 |

    Copies of tenancy agreements are available on request.
    Offices on the ground floor are currently vacant and total 755 sq ft (70 sq m) as well as a first floor office.

    Tenure

    The property is held on a 200 year lease from 25th March 1915.
    Title Number - SYK416785

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    SMC Chartered Surveyors, S1 on +44 114 446 9322 * (local rate)

    Contact SMC Chartered Surveyors about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SMC Chartered Surveyors, and do not constitute property particulars. Please contact SMC Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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