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AGENT'S DETAILS


54 Campo Lane

For sale: £450,000.00|5659 Sq Ft|Office, General Retail, Other, Offices, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£450,000.00
SIZE5659 Sq Ft
ADDRESS54 Campo Lane, Sheffield, S1 2EG
TYPEOffice, General Retail, Other, Offices, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON21st September 2020

DESCRIPTION

Key Points

  • Income Producing
  • Long Standing Tenants
  • Central Location
  • Rent - £32,300 pa with potential to increase income by letting vacant parts
  • OIRO - £450,000
  • Summary

    Multi-let office building in the centre of Sheffield with potential to increase income or occupy

    Description

    A semi-detached, mixed use, period building set within the conservation area. The property is predominantly office accommodation with a retail unit fronting Campo Lane. The accommodation is spread over 4 floors (lower ground to 2nd floor). The majority of the office space is let and income producing with several tenants currently holding over. A new 10 year lease has been agreed on the ground floor retail unit and part of the ground floor office space.

    Location

    The subject property is located in central Sheffield in close proximity to Sheffield Cathedral. It is within the heart of the traditional professional quarter of the city. Campo Lane is home to many small and medium scale professional practices. Due to the proximity to the center of the city public transport links are excellent with the Supertram (Cathedral Stop) within a few hundred meters.

    Terms

    Passing rent of £33,200 pa with potential to increase income once offices are fully let. Offers in the region of £450,000 (Four Hundred & Fifty Thousand).

    Specifications

    • Electricity (single phase) • Gas • Water • Mains drainage • Fire alarm • Telephone • Broadband • Central heating

    Promo

    PART-LET S1 INVESTMENT

    Accomodation

    Floor |  Sq M | Sq Ft Lower Ground Floor | 129.69 | 1,396 Ground Floor | 143.99 | 1,550 First Floor | 168.61 | 1,815 Second Floor | 83.42 | 898 Total | 525.71 | 5,659  

    Tenancy Information

    Tenant | Rent | Lease Status Poetry Business | £4,000 | 3 yrs from November 2017 BW Healthcafe Surveyors Ltd | £1,500 | 1 year from 3rd July 2020 Mr Saxby | £12,500 | 10 yr lease from 1st Sept 2019. SMC | £8,000 | Holding over Mrs Hill | £2,100 | Holding over York Archaeology | £5,100 | Holding over Total | £33,200 |   Copies of tenancy agreements are available on request. Offices on the ground floor are currently vacant and total 755 sq ft (70 sq m) as well as a first floor office. 

    Tenure

    The property is held on a 200 year lease from 25th March 1915. Title Number - SYK416785

    LOCATION

    Location: 54 Campo Lane, Sheffield, S1 2EG

    Sheffield (0.5 miles)

    Darnall (2.4 miles)

    Meadowhall (3.4 miles)

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