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

Non-quoting
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Land for sale

0.3 ac*

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. Further information for the site can be accessed within a data room.

    In terms of wider context, Heart of the City and West Bar are leading the way in terms of delivering a new product and changing the skyline of Sheffield. Heart of City is a £490m regeneration scheme delivering a truly mixed use heart to Sheffield City Centre including prime grade A office space, high quality apartments for sale, and Kangaroo Works a prime btr scheme. At West Bar, phase 1 of the development is underway which includes a 100,000 sq ft office building and 368 btr apartments and a multi storey car park, with supporting retail and leisure space on the ground floor.

    We therefore believe that Weston Tower 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. These popular destinations are linked to the Weston Tower site by riverside walkways.

    Availability_Text

    We are informed that the property comprises the following:

    Planning

    Our clients have obtained an ipan which its available (see "downloads" above).

    Method Of Sale And Timeframe

    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. Proposals need to be with Tim Bottrill at Colloco no later than 12 noon on 9th December 2022. Bidding guidance can be accessed in the data room.

    Tenure

    The property is currently held by way of long leasehold and freehold interest. Romiga West Ltd and Sheffield City Council are working in partnership and are able to offer the freehold interest to the market. The freehold interest will be offered subject to the following:

    - Subject to contact
    - Subject to planning for a private residential scheme
    - Subject to approval of both parties (Romiga West Ltd and Sheffield City Council)

    Please note that other uses will be considered including office. However, any student housing will not be considered.

    Viewings

    The site is easily viewed from the public highway but internal inspection can be made strictly by appointment through the agents. Prospective purchasers should be aware that inspections are made entirely at their own risk.

    Data Room

    Further information is available in a data room. Please contact Tim Bottrill at Colloco for more information.

    Joint Agents

    Colloco are instructed to market the property with Sheffield City Council (contact: Edwin Standbrook-Shaw).

    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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    Disclaimer

    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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