Rawson Spring Way, Sheffield, S6 1PG
Size
6,066 - 38,286
Tenure
Freehold
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Parking
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- Primary use
- Warehouse
- Other use(s)
- Light industrial
No floor / site plan
Key features
- 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
Description
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.
Location
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.
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Brochure
Rawson Spring Way, Sheffield, S6 1PG
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