Share This Listing

Message

951 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Leopold Square Leopold St 57,372 SF 86% Leased Retail Building Sheffield S1 2JG $8,527,307 ($148.63/SF) 10.55% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Prime city centre location adjacent to £470m regeneration zone
  • Anchored by a 90-bed boutique hotel and national restaurant brands
  • Grade II listed buildings with modern glass extension

EXECUTIVE SUMMARY

Leopold Square presents a rare opportunity to acquire a landmark leisure investment in the heart of Sheffield city centre. This Grade II listed ensemble of Victorian school buildings, transformed into a vibrant hospitality destination in 2007, offers a compelling blend of architectural character and modern functionality. The scheme comprises six restaurant/bar units, a striking three-storey glass building housing two additional restaurants and a fully refurbished office suite, and is anchored by a 90-bed boutique hotel (sold off long leasehold).
Positioned adjacent to the £470 million ‘Heart of the City’ regeneration zone, Leopold Square benefits from exceptional connectivity, with the City Hall tram stop directly opposite and Sheffield’s mainline station just a short walk away. The property’s external terraces and public square foster a dynamic outdoor trading environment, aligning with Sheffield’s identity as the UK’s greenest city and a cultural hub for music, theatre, and festivals.
The asset generates a net rental income of £720,300 per annum, supported by rent guarantees on vacant units, and offers a WAULT of 9.9 years. Tenants include national operators such as Wagamama, Zizzi, and Pho, alongside successful independents like Cubana and Bamboo Door. With vacant units ready for occupation and further asset management potential, this acquisition offers both stability and upside. Offers are invited in excess of £6,400,000, reflecting a net initial yield of 10.55% after costs.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
57,372 SF
Building Class
B
Year Built/Renovated
1853/2008
Price
$8,527,307
Price Per SF
$148.63
Cap Rate
10.55%
NOI
$899,631
Percent Leased
86%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
0.90
Lot Size
1.46 AC
Frontage
277’ on Leopold Sq

AMENITIES

  • Energy Performance Rating - D
  • Storage Space
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Unit 5
  • 2,012 SF
  • Retail
  • In-Line
  • Now

The property is well presented and fitted to include a bar and seating area at ground floor, a large kitchen and WC’s at first floor level, and a large open plan dining area/ bar at second floor level, together with additional WC’s. The premises also benefit from a large outside seating area, overlooking the Square.

Space Size Space Use Position Available
Unit 5 2,012 SF Retail In-Line Now

Unit 5

Size
2,012 SF
Space Use
Retail
Position
In-Line
Available
Now

Unit 5

Size 2,012 SF
Space Use Retail
Position In-Line
Available Now

The property is well presented and fitted to include a bar and seating area at ground floor, a large kitchen and WC’s at first floor level, and a large open plan dining area/ bar at second floor level, together with additional WC’s. The premises also benefit from a large outside seating area, overlooking the Square.

NEARBY MAJOR RETAILERS

All Bar One
Costa Coffee
Caffè Nero
Sainsbury's
Tesco
Virgin Money
Bank Of Scotland
The Co-operative Bank
Metro Bank
Ask Italian
  • Listing ID: 37958253

  • Date on Market: 10/6/2025

  • Last Updated:

  • Address: Leopold St, Sheffield S1 2JG

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}