Suitable for a range of Residential or Commercial uses (subject to necessary consents)A 70,654 sq. Ft. Building with a basement car park and 7 storey tower aboveFreehold Site Area 0.68 acres. Building footprint 0.34 acresProminent gateway site within the Cathedral Quarter, close to Kelham Island and the main retail and office centresPotential for a significant mixed-use tower development, or conversion of the existing structureFor sale with vacant possessionOffers invited for the freehold (or a virtual freehold) interest
Weston Tower comprises a substantial office building that has been vacant for a number of years.
The property sits on a site of circa 0.34 acres.
We believe that this presents an opportunity for either conversion of the existing building or a wholesale demolition and redevelopment.
The property is bound by Tenter Street, Queen Street, West Bar and Silver Street and occupies a gateway site within the Cathedral Quarter. It is close to Kelham Island and the main retail and office centres. New riverside walkways and bridges link the site to these popular destinations.
We believe the site has potential for redevelopment with an opportunity for significant increase in the height and massing of the built form, subject to a quality design being at the heart. Urbana Town Planning have carried out a planning assessment from which we are led to believe a residential development will be acceptable.
The document is available to download - see download section.
The opportunity is being offered by way of informal tender. Offers are invited on a subject to planning basis. However, unconditional offers may also be considered. Again, more details are available in the brochure.
Freehold registered under SYK637448.
Long leasehold registered under SYK300602.
Sheffield City Council own the freehold of the wider area as edged red, which includes part of the adjoining road, Westbar Green. The Council are interested in facilitating the development of the long vacant site and will work with the selected purchaser to reach agreement on a suitable new legal title arrangement.
The long lease interest held by Romiga West Limited, hatched blue, measures to 0.34 acres and is the minimum net developable area on offer. Following discussions with Sheffield City Council, we have agreed to front all offers regarding the freehold and long leasehold interests.
We are instructed to request bids for the freehold, or an effective freehold interest by way of a new long lease interest to be negotiated.
Interested parties are therefore encouraged to make their own assessment of the likely net developable area of the site assuming the existing ownership interests are merged.