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Sheffield Cold Stores, Roman Ridge Road, Sheffield, S9

£1,950,000

£43.42 per sq ft

Business rates & charges may apply

Crosthwaite Commercial Limited, Sheffield
SIZE AVAILABLE

44,910 sq ft

4,172 sq m

SECTOR

Warehouse for sale

Key features

  • Industrial / Office Investment For Sale
  • Asset Management Opportunities - Reversionary Asset
  • Part Income Producing - £248,575 Per Annum Inclusive
  • Totalling 44,910 sq ft (4,172 sq m)
  • Total Site Area Approx. 2.1 Acres
  • Offers Invited in the Region of £1.95 million

Description

LOCATION
The property is located on Roman Ridge Road on the established Roman Ridge Road Industrial Estate. There are excellent transport links with J34 of the M1 motorway approximately 0.5 miles to the east and Sheffield City Centre is some 3 miles to the south.

Other occupiers on the estate include Brook Bakery, Taskers UK, SCX and Dynamic.

DESCRIPTION
The building comprises a multi let office/indusial/workshop premises with accommodation of various sizes.
The premises extends to approximately 44,910 sq ft, the majority of which is ground floor space with the exception of some first-floor offices. The property is let to six tenants with one vacant warehouse, currently on the market.
Externally the premises has undergone recent refurbishment and benefits from new attractive cladding. The site extends to 2.1 acres and provides large gated yard areas.
There are asset management opportunities as well as future redevelopment potential, subject to planning.

ACCOMMODATION (Approx Gross Floor Areas)
Unit 1 111 sq ft 10.3 sq m
Unit 2 10,678 sq ft 992.0 sq m
Unit 3 9,929 sq ft 922.4 sq m
Unit 4 6,605 sq ft 613.6 sq m
Unit 5 7,417 sq ft 689.1 sq m
Unit 6 2,232 sq ft 207.4 sq m
Unit 7 7,938 sq ft 737.5 sq m
Total Floor Area 44,910 sq ft 4,172 sq m

PRICE
Offers of £1.95 million are invited for the freehold interest. VAT will be charged on the purchase price.

Low capital value of £43.42 per sq ft.

TENANCIES
There are currently six tenancies in place totalling a gross rent of £248,575 per annum. These rents are inclusive of business rates, service charge and utilities.

Unit 7 is currently on the market for £60,000 per annum.

Full Tenancy Schedule available on request.

ENERGY PERFORMANCE CERTIFICATE
The premises have an EPC Rating 'E'.

RATING
We understand that premises are currently rated as Cold Store and Premises with a 2023 Rateable Value of £84,000. There is currently one listing for the whole building.

MONEY LAUNDERING
In order to comply with Money Laundering Regulations, purchasers will be required to provide identification documentation together with confirmation of the source of funding. Further details on request.

LEGAL COSTS
Each party are to be responsible for the payment of their own legal fees in connection with this transaction.

Brochures

Sheffield Cold Stores, Roman Ridge Road, Sheffield, S9

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Meadowhall Station0.2 miles
  • Meadowhall South/Tinsley Tram Stop0.6 miles
  • Carbrook Tram Stop0.9 miles

About Crosthwaite Commercial Limited, Sheffield

Hawk Works, 105A Mary Street, Sheffield S1 4RT

Crosthwaite Commercial is an independant Sheffield based commercial property consultancy specialising in all aspects of retail, leisure, office and industrial agency as well as providing rent review/lease renewal, development and investment advice.

Martin Crosthwaite FRICS is a Chartered Surveyor with over 38 years experience, having spent the last 32 years living and working in Sheffield for two well known practices, Lane Walker, and J Trevor & Sons.

Notes

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