54-56 Fargate, Sheffield, S1 2HE

Bought For £1,700,000

Sold For £2,000,000

Acquired from Prupim now known as M&G for £1,700,000 and sold for £2,000,000.

Prime City Centre Retail and Office Investment Opportunity.

  • Sheffield has a catchment population of 632,000 ranking the City 22nd in the UK (PROMIS) on this basis.
  • The property is situated in a 100% prime position on Fargate, adjacent to the entrance of Orchard Square Shopping Centre.
  • The property provides 566.3 sq m (6,096 sq ft) of retail and office accommodation arranged over ground, basement and five upper floors.
  • Freehold.
  • The retail element is let to Telefónica UK Ltd (t/a O2) until 19/11/2015 and provides 78.5% of the total income.
  • The property is let on five separate leases and provides a total income of £203,963 per annum.
  • The lease was re-geared to O2.

The property is situated in a 100% prime and highly prominent position at the stronger southern end of the pedestrianised Fargate, adjacent to the entrance of Orchard Square Shopping Centre and opposite Carmel House, a modern retail development that is let to the likes of Hennes & Mauritz, Footlocker and HSBC.

Back to key transactions portfolio