Investment.

Sheffield.

8/24 High Street & 12/16 George Street, S1 2GE

Map View

Status.

Under Offer

Price.

£3,175,000 (Subject to Contract and Exclusive VAT)

Service Charge.

£56,635

Location.

Sheffield is England’s fourth largest city and a regionally significant shopping, leisure and cultural destination as well as being the metropolitan borough and principle administrative centre within South Yorkshire. Bordering Derbyshire, the Peak District and the Pennines.

Sheffield has an extensive and varied retail offer, which providesan attractive and vibrant city centre shopping environment. Totalretail floor space is estimated at 1.69m sqft with prime retailingextending along a linear pitch from High Street via Fargate, BarkersPool and Pinstone Street to The Moor. Sheffield benefits froman array of national multiples with the likes of Marks & Spencer,Primark, TK Maxx, Boots, Next, H&M, New Look, and JD Sports alllocated within the city centre.

 

Description.

8/24 High Street provides a prominent and substantial parade of four attractive retail/restaurant units arranged over basement, ground and first floors providing modern, large retail floorplates.

The three floors of residential accommodation comprising 26 flats, above and to the rear along with the Curzon Cinema, are both accessed from George Street, and have effectively been sold off on long leases.

The property built in circa 1897 is Grade II listed and has an ornate sandstone facade under a pitched slated roof with a flat roof to the rear. The property was substantially re-developed behind the listed facade by Aviva in the late 1990’s.

Rent.

£338,001 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 10%.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

David Freeman.

Partner | Investment

Jonny Gooch.

Associate Partner | Investment

What Our Clients Say.

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abrdn

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La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

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DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

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