Office for sale in Bridge Street, Sheffield S3
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Property features
- Prime office investment for sale
- Let to a very strong covenant
- Tenant has a government contract since 2015
- Located in the Riverside Exchange in Sheffield
- Quoting £750,000
- Rental income of £47,000 per annum until 2029
- 4,500 sq ft ground floor office
Property description
• 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
The property is let to atos it Services on an Fri Lease and is utilised as a benefits assessment centre. The Lease has recently been extended to 2029 at a passing rent of £47,000 per annum. The tenant has the right to terminate on a 2 yearly rolling basis, the current Tenant have been in occupation since 2015. The service charge provisions from the Headlease are passed to the Tenant.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
LM1 Agency, LS17 on +44 113 482 6319 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by LM1 Agency, and do not constitute property particulars. Please contact LM1 Agency 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.