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Sheffield — 2-18 Fargate

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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. At the centre of this pitch is Fargate, the 100% 40 miles north of Derby and 175 miles north of London. prime pitch, where retailers include Marks & Spencer, Topshop, H&M, River Island, WH Smith, New Look and Next. In addition, John Lewis are located Road communications to and from Sheffield are excellent with the M1 to the southern end of Fargate, adjacent to one of the city centre’s busiest arterial motorway route skirting the northern and eastern fringes of the city. multi-storey car parks. The M1 in turn links directly to the M62 and M18 motorways providing quick access to the north east and north west of England. The city centre has only one shopping centre, the small Orchard Square, which is anchored by TK Maxx and Waterstones. A new shopping centre Sheffield benefits from modern transport infrastructure including a light has long been proposed and the council is currently seeking a development railway service, the Supertram, with three main routes travelling within the partner to deliverM6 the scheme, which is likely to be anchored by a new John city centre and connecting to the outer suburbs of Middlewood, Herdings Lewis store at Sevenstone. Park and Malin Bridge. A1(M) Morecambe Sheffield is well connected to London by train, with regular services to London Harrogate Kings Cross, the fastest journey time being approximately two hours. Sheffield York M6 Robin Hood Airport is located approximately 12 miles to the north east of the Leeds / Bradford Blackpool A1(M) M55 city, while to the north, Leeds Bradford International Airport is located within Bradford Leeds Blackpool M62 a one hour drive time, as is Manchester International Airport to the west. Preston Blackburn Halifax M65 M6 M61 M62 Huddersfield Bolton M66 Scunthorpe M180 M181 Humberside Sheffield is England’s third largest metropolitan authority and benefits from M58 M18 M60 Doncaster a primary catchment of 641,000 persons (Promis). The city has grown St Helens M62 Manchester SheieldM1 A1(M) from its industrial roots to encompass a wider economic base and build an M60 Stockport Liverpool economy worth in excess of £7.5 billion. Due to its industrial heritage, the Liverpool Manchester M53 M6 city has undergone significant population growth over the past century and M56 M1 Macclesfield Lincoln this is showing no sign of abating, with the population projected to increase Chesterfield Chester significantly by 2020 (welcometosheffield.co.uk). Mansfield Newcastle- Stoke- M1 Sheffield boasts a population of over 2.1 million people within a one hour under-Lyme on-Trent peak travel time. This catchment population is significantly boosted Nottingham by approximately 61,000 students at Sheffield’s two universities and as Derby M6 East Midlands a consequence, the city’s catchment population also benefits from a Stafford Burton upon Trent particularly high proportion of young adults. Shrewsbury M1 Telford M54 Tamworth Leicester International and domestic employers within the city including HBOS, M42 M6 Peterborough Wolverhampton Nationwide, Aviva, HSBC, Santander, BskyB, Eon and Plus Net. The public M69 West Bromwich Nuneaton sector is also a leading employer with Sheffield City Council, the Department Birmingham M1 Birmingham for Children, School & Families and Department for Work & Pensions M6 A1(M) Coventry Rugby represented (Source: PROMIS). M42 M45 M5 Royal Leamington Spa Northampton Worcester 5 R 1 9 C SHEFFIELD CATHEDRAL U T L E R S H A L C L O N F E R E N C CHURCH STREET E C E N T R E 5 R I V ( E W 2 R E T R I A S P E E ( E R L L 3 T R A H E F A L N R U T P D I M T H E L H E 5 & ( R T B B S F 8 O A E A H U L - A M N O I S 6 O P L 4 E H E E T O O N F S T S R E R 2 R OFFICE L A A A N & C O S M E L ) O A T T C C C R H H A 48 T O C S P O R & E A N ) R R 4 D 2 S A B F - D N 4 S S 8 E E & T C & A O O L B 3 L 8 U N U - G N 4 I 0 I N T L S S I S Y F Y T H ) 3 T 4 - 36 O S 32 N 30 2 8 26 20 - 2 Y 4 S F O 18 P 1 O C 6 R B A H O RM 14 O E A L H R O 1 S T U F 0 N ( SE A - 1 T 2 3 R K L B G S 8 O R AT 6 C G E E C 4 1 O T K - T 2 A ( 9 O E P E EDE I ST R L R D L IANS E EX S C 3 F 45 - 47 EP ( T P 41 - 43 37 35 AC 3 L C V O T 33 S E T S H S O 6.0 I R R 0 T P H P S M O - O 10 O AV E .0 T O 1 I 9 - 0A N M O 31 ) R T I R M C E N A E S E I A S I A L ) L EX S N 1 A 5 F J H C 13 G E P E L O 11 N O R E W S RY PAPERCHASE C O N T ES A O 9 E T K R M T V H R L E A S I L U S R L 2 A C N E E ) E 1 G C R 1 M P O C L P 4 A I - 6 - P T N EN E F H E G F 1 U F 5 T O F G M 8 L E W AGE UK D E N E E S R W L E D N CHARITY SHOP A S & S C I 8 E RAL A ` CATHED H K ST MARIE S A A 9 R MARK JENKINSON & SON S O ( ( 1 L O (TEMPORARY) 2 1 3 9 SURVEYOR P 4 K R - TRE R - 1 N COMMUNITY CE R 1 2 W E E 8 1 1 0 TOP NAILS SALON H E S C T 1 ( M 2 A ENTS O BEAUTY SALON ENT T T I V ( R R 2 A 1 A L 2 0 1 B 5 N 2 D E I F A R N F 3 I - 2 L F GUSTO - K I L A 2 E T O N E M 1 2 O S R T F R A O G 7 C E T AF T C A O 2 L I S H D 1 F L I 2 F 7 R L S I O L O M 4 4 R O M ( S F A F B 1 N X D FICE O O OF L U ) 9 L E A S F O V D S P 2 SAVILLS O R S E` L CLAIR E I E 1 1 E O L D R L O O S 8 HAIR S 6 O M R ` BY S P VANILLA L ACCES E S A & 2 I R S ) N N 1 S AIR MUNCHYS G A W H N A BARLO ) SAR S 2 L T T 6 C T 2 AKE A R CCESSORIZE ) C A 0 - K AWAY U A 1 2 E 2 M R S 8 S 8 L ACCES 3 S W DENT SURGY A R ENT N O A 2 Y B N T 3 5 0 A L 2 O Y NT N - 2 2 VACA THE WHITE ROOM H ) K 3 0 - 4 W A 2 P VACANT HERBAL L 4 I BRIDAL WEAR F L INN 2 A A R THPY X 7 NATU C 2 TRAS H 9 PHONE EX E ENT TEL I O P F M G 3 E I T Y E ENT 2 F 1 TW R N EAST F S T 3 2 F S H A T 6 E O A O H W I W T 3 I M W E C L T/A 3 P O R A T E S E O N R O FE P A CA 1 3 D N S R 7 0 E B R VACANT E R N A E N N T T 4 C W 3 B S R K A S 2 Situation S A U E T S F H - ( X T E T N P H 3 I P C IT C L O R 4 I L C E E E P O E D S H 3 R H 6 D S A S E I 1 C L C E V V N U T 2 E A O 2 3 A O P A The subject property occupies a prime retailing location on the O L 5 C G N S E C F 4 F T A pedestrianised pitch of Fargate, opposite the main entrance to R - V E H A F T N D 3 S C - & N I Marks & Spencer.
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