Property Details
BACK Disposal

3-7 The Wholesale Market


location icon Parkway Drive , Sheffield , S9 4WN

Summary

  • Location
    Sheffield
  • Sector
    Industrial
  • Size
    40,386 Sq Ft
  • Tenure
    Leasehold
  • Tenant
    Sheffield City Council
  • Term
    2.56 Years
  • Passing Rent
    £268,483 Per Annum
  • Passing Rent
    £6.65 Per Sq Ft
  • Rent Reviews
    Annual Uncapped RPI
  • Price
    £3.734 Million
  • NIY
    6.75%
  • Capital Value
    £92 Per Sq Ft
HLP_R_180628_5053.jpg
HLP_R_180628_5055.jpg

More Information

  • Location Highlights

    Parkway Drive is within one of Sheffield’s dominant industrial areas, situated 2.2 miles west of Sheffield city centre.

  • Description Highlights

    Five terraces of industrial accommodation comprising the majority of Sheffield Wholesale Market. Sheffield Wholesale Market is the city’s principal wholesaling offer for groceries, plants, meat and packaging.

  • Lease Highlights

    Let to the undoubted covenant of Sheffield City Council with 2.56 years unexpired.

  • Rent Highlights

    Current passing rent of £268,483 per annum reflecting a low overall rate of £6.65 per sq ft. The rent benefits from annual rent increases linked to RPI uncapped.

  • Asset Management Highlights

    Multiple asset management opportunities including regearing the lease, letting the units individually or selling units to owner occupiers.

Maps

Disposal

Contact Us

Dom Sidoli
Director

+44 (0) 20 3418 2040

Natasha Sidoli
Advisor

+44 (0) 20 3418 2070

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. July 2019