Sheffield — 2-18 Fargate
Sheffield — 2-18 Fargate Prime City Centre Freehold Mixed-Use Investment Opportunity Sheffield — 2-18 Fargate Investment Summary ■ Sheffield is England’s 3rd largest metropolitan city with a primary catchment of 641,000. ■ Sheffield is one of the most prosperous cities in the North of England and boasts an economy worth in excess of £7.5bn. ■ The subject property is situated on Fargate, Sheffield’s premier pedestrianised retailing thoroughfare. ■ The property comprises an attractive block of eight retail units at ground floor with four floors of separately accessed office accommodation above. ■ The property is held Freehold. ■ Total current income of £1,303,300 pa. ■ Retailers in the immediate vicinity include Topshop, Boots, Caffè Nero, Next and Marks & Spencer. ■ The office uppers of 26,776 sq ft (2,488 sq m) provide a rare city centre opportunity to enhance value through alternative use conversion (STPP) or refurbishment. ■ There are a number of asset management initiatives available to the freeholder to enhance rental growth going forwards. ■ We are instructed to seek offers in excess of£17,000,000 (Seventeen Million Pounds) reflecting 7.47% NIY on the contracted retail income, assuming a capital value of £500,000 for the upper parts. Location Economy & Demographic Profile Retailing in Sheffield Sheffield is South Yorkshire’s principal administrative and commercial centre Retailing in Sheffield city centre extends to approximately 1.78 million sq ft and borders Derbyshire, the Peak District and the Pennines. The city is and stretches along a linear pitch from Castle Market in the north east to located approximately 33 miles south of Leeds, 38 miles east of Manchester, The Moor in the south west.
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