£270,000
(£101.69/sq. ft)
Property for sale1 Beton House, Park Hill, Rhodes Street, Sheffield, South Yorkshire S2
2,655 sq. ft
Available immediately
About this property
Single let retail investment
Annual income of £25,000
Ideal for the Private Investor / sipp
Let on a 10 year lease from September 2021
Part of Phase 3 of the highly regarded Park Hill regeneration
Park Hill Investment Opportunity
Perched high up overlooking Sheffield, Park Hill is visible from across City Centre. Accessible by every means of public transport, by foot and by pedal power, oh, and of course by car!
Situated immediately behind Sheffield Main Line Train Station and immediately off Park Square roundabout, accessibility could not be rivalled.
Park Hill is a Brutalist, concrete icon, and the largest listed building in Europe. Standing proudly at the top of hill overlooking Sheffield city centre Park Hill was a utopian vision, created in 1961 to create a new community for families. Fast forward to 2024, and Park Hill is that place once more, re-imagined, re-invigorated and regenerated.
Unit 1 is a commercial suite that is situated on the ground floor of Béton House. The space extends to 2,655 sq ft with access provided from Rhodes Street.
The property is currently let as a whole on a single occupation Tenancy to Park Hill Provisions Limited on a 10 year lease summarised as follows:
Lease Start Date: 10th September 2021
Lease Expiry: 10th September 2031
Headline Rent: £25,000 pa
Rent Review: 11th September 2026
The property is held by way of a 250 year ground lease at a rent passing of £1,327.50 pa.
The property is available to purchase £270,000 Long leasehold Interest. Reflecting: 9.02% Net Initial Yield, £102 psf cap val.
Perched high up overlooking Sheffield, Park Hill is visible from across City Centre. Accessible by every means of public transport, by foot and by pedal power, oh, and of course by car!
Situated immediately behind Sheffield Main Line Train Station and immediately off Park Square roundabout, accessibility could not be rivalled.
Park Hill is a Brutalist, concrete icon, and the largest listed building in Europe. Standing proudly at the top of hill overlooking Sheffield city centre Park Hill was a utopian vision, created in 1961 to create a new community for families. Fast forward to 2024, and Park Hill is that place once more, re-imagined, re-invigorated and regenerated.
Unit 1 is a commercial suite that is situated on the ground floor of Béton House. The space extends to 2,655 sq ft with access provided from Rhodes Street.
The property is currently let as a whole on a single occupation Tenancy to Park Hill Provisions Limited on a 10 year lease summarised as follows:
Lease Start Date: 10th September 2021
Lease Expiry: 10th September 2031
Headline Rent: £25,000 pa
Rent Review: 11th September 2026
The property is held by way of a 250 year ground lease at a rent passing of £1,327.50 pa.
The property is available to purchase £270,000 Long leasehold Interest. Reflecting: 9.02% Net Initial Yield, £102 psf cap val.
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£1,350 per month
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