S6 Rawson Spring Way, Sheffield

HIGH YIELDING MULTI-LET INDUSTRIAL INVESTMENT - INDUSTRIAL UNITS IN A PRIME SHEFFIELD ARTERIAL LOCATION

The property comprises a self contained site extending to circa 2.20 acres with a single L-shaped warehouse building extending to circa 38,286 sqft, which has been split to provide seven units.

The unit is a constructed as a steel portal framed warehouse in three bays under a profile clad roof having a later extension of the third bay.

Adjacent to the warehouse is an ancillary two storey office building extending to 6,066 sqft known as Unit 1. Unit 1 is occupied by Clearline Holdings Limited as a sales office and units 2, 3 and 4 are occupied as warehouse, manufacturing and storage space.

Units 2a & 2b and units 3a and 3b are occupied by Sheffield Kitchen Outlet Limited and utilised as a kitchen showroom, sales office and warehouse.

Externally there is a substantial yard providing car parking and hardstanding areas utilised as further storage.

c. 38,286 sq ft warehouse accommodation plus 6,066 sq ft ancillary offices, arranged as seven units

Freehold multi-let industrial investment comprising a self-contained site of c.2.20 acres

Clear opportunities for asset management and rental growth

Passing rent of £256,771 per annum, reflecting low average rents with reversionary potential

WAULT of c.6 years to expiry (3 years to break)

Offers sought in excess of £3.22m, reflecting a 7.50% NIY and a low capital value of £73 per sqft

The property is accessed off the A61 Penistone Road which is the key arterial route for reaching the city centre and the main north-south corridor into the area. It connects the motorway network and Sheffield city centre directly to Hillsborough and continues toward the northern suburbs.

Rawson Spring Way sits in north-west Sheffield within the Hillsborough area, circa 3 miles from the city centre. It is a short cul-de-sac forming part of a small industrial estate just off Rawson Spring Road, and is characterised primarily by light industrial and trade uses.

Immediately surrounding the site, the environment transitions into a mixed urban area with nearby neighbourhoods such as Hillsborough and Owlerton. The wider area reflects a typical suburb, with accessible shops, supermarkets and leisure facilities close by.

Rental Income £256,771 pa

Site area 2.2 Acres