Land for sale in Weston Tower, Sheffield City Centre, Sheffield S1

POA
Land for sale 0.3 ac*
Interested in this property? Call +44 114 488 9955 * or Request Details

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Property description

Key Points

  • 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 above
  • Freehold Site Area 0.68 acres. Building footprint 0.34 acres
  • Prominent gateway site within the Cathedral Quarter, close to Kelham Island and the main retail and office centres
  • Potential for a significant mixed-use tower development, or conversion of the existing structure
  • For sale with vacant possession
  • Offers invited for the freehold (or a virtual freehold) interest
  • Description

    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.

    Location

    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.

    Planning

    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 Sale

    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.

    Tenure/Proposals

    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.

    Property info

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

    Arrange Viewing

    For more information about this property, please contact
    Colloco, S1 on +44 114 488 9955 * (local rate)

    Contact Colloco about this property

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Colloco, and do not constitute property particulars. Please contact Colloco 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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