We have been instructed by Fund clients to market this prime city centre retail and leisure investment:
• Sheffield: England’s fourth largest city with two world recognised universities
• Strategic trading position within the central core leisure area and opposite the ‘Heart of the City’ project
• Substantial retail and leisure property totalling 28,945 sq ft
• Let to five retail/leisure tenants, with occupiers including JD Wetherspoon, Ask, Stonegate and Caffe Nero
• Weighted average unexpired lease term: 13 years
We are seeking offers in excess of £5,310,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7%, assuming standard purchaser’s costs.
Contact Giles Cooper or our joint agents FMX.
