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Wharncliffe House 44 Bank St 2,458 SF 100% Leased Office Building Sheffield S1 2DS $403,617 ($164.21/SF) 6.67% Cap Rate



Investment Highlights
- Located within Sheffield City centre
- Excellent visibility within a high footfall area
- Strong transport links
Executive Summary
Opportunity to acquire the long leasehold interest of this investment property within Sheffield City Centre. The property is currently configured to provide a reception and seating area with customer WC's on the ground floor. There is further seating and kitchen area to the lower ground floor plus further office/storage space to the basement with ground level access to the rear of the property. The property is let on 4 year lease till October 2026, producing £20,000.00 per annum in rental income. The property is located within Sheffield City Centre on Bank Street close to its junction with Snig Hill. The Long lease from January 2016 for 999 years at a nominal non- reviewable ground rent.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Subtype
Office/Residential
Building Size
2,458 SF
Building Class
B
Year Built
1904
Price
$403,617
Price Per SF
$164.21
Cap Rate
6.67%
NOI
$26,908
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
410 SF
Slab To Slab
11’
Amenities
- Storage Space
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Wharncliffe House | 44 Bank St
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