Offers in region of
£750,000
(£166.67/sq. ft)
Office for saleBridge Street, Sheffield S3
4,500 sq. ft
About this property
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
• 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
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.
• 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.
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