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Riverside Exchange Bridge St 4,470 SF Retail Building Sheffield S3 8NH $1,023,472 ($228.96/SF) 6.27% Cap Rate
Investment Highlights
- Located within a prime Sheffield office area
- Let to a very strong 5A tenant
- Let on FRI Lease until 2029
- Close to the M1
- Passing rent of £47,000 per annum
Executive Summary
• Long Leasehold
• 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
• 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
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
4,470 SF
Building Class
B
Year Built
2007
Price
$1,023,472
Price Per SF
$228.96
Cap Rate
6.27%
NOI
$64,138
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.75 AC
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- ATOS IT Services UK Ltd
- Health Care and Social Assistance
- 4,467 SF
- -
- Jul 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| ATOS IT Services UK Ltd | Health Care and Social Assistance | 4,467 SF | - | Jul 2029 |
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Riverside Exchange | Bridge St
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