31, Catley Road, Sheffield, S9 5JF

Let to Firth Vickers Drilling Limited for a term of 15 years expiring 15th April 2039 (7 years and 4 months to the break option and 14 years and 4 months to lease expiry). Current passing rent of £140,000 per annum (£4.59 per sq ft) was agreed at the last rent review in July 2024.


The property is of steel portal frame construction with brick infilled walls to the lower elevation and insulated cladding above all beneath a pitched a clad roof incorporating skylights. The unit is well specified with detached office accommodation over two floors and a separate canteen/staff area to the rear of the office block. The site benefits from 24 car parking spaces. The site is secured by a metal swing gate, and the boundary is protected by a metal fence. The unit provides manufacturing space with an automated crane system throughout. The property benefits from 3 phase power supply and a mains gas supply.

Sheffield is located approximately 35 miles south of Leeds, 40 miles east of Manchester and 179 miles north of London. Other South Yorkshire towns nearby include Rotherham 9 miles to the east, Chesterfield 13 miles to the south and Barnsley 15 miles to the northeast. Sheffield benefits from excellent road communications being serviced by both the M1 and M18 motorways within 6 miles of the city centre, which provide direct links to the A1(M) and M62.

Sheffield main-line rail station provides regular links to London St Pancras with the fastest journey time of just under 2 hours. Major employers within Sheffield include the Advanced Manufacturing Research Centre (AMRC), with members including Boeing, Rolls Royce and McLaren Automotive. Aviva, BT Group, Capita, HSBC, Nationwide Building Society, Tata Steel, Virgin Media and B.Braun are also represented in the city.


Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT).

Please refer to the Local Authority for information on rates

An EPC has been undertaken for this property and a copy is available upon request.

The accommodation extends to 30,489 sq ft (2,832.76 sq m)

Eaves height of 7.33m

Site area of 1.58 acres (0.64 hectares)

Let to Firth Vickers Drilling Limited for a term of 15 years expiring 15thApril 2039 (7 years and 4 months to the break option and 14 years and 4 months to lease expiry)

Current passing rent of £140,000 per annum (£4.59 per sq ft)

Estimated ERV £5.50 per sq ft

OMRV rent review on the 16th April 2029 and every 5 years thereafter

Freehold

We are instructed to seek offers in the excess of £1,750,000 (One Million Seven Hundred and Fifty Thousand Pounds ) , subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.55% (assuming purchaser costs of 5.90%) and a reversionary yield of 9.04%. This provides a low capital value of £57 per sq ft.
( Agency Pilot Software ref: 53729 )