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For Sale by Auction on 25th January 2024, Freehold Retail Investment, The Arches, Victoria Quays, Sheffield, S2 5SY

6,732 Sq Ft / Retail / Investment

Withdrawn - Last updated: 26 January 2024

For Sale by Auction on 25th January 2024

The property comprises eight Grade II Listed stone built former railway arches overlooking the canal basin, now used mainly for pub/café and retail purposes and includes the arch interiors and exterior structure, including a paved walkway area and parapet wall at roof level.  Arches 11-14 & 16 are arranged at ground level whilst Arches 17-19 are split level over ground and basement.  The arches all benefit from services including water and electricity (aside from No.13 which isn't currently live as it's a new connection).  The Arches all benefit from good natural light and are well maintained.

Arches 15 and 20 are not held within the Seller's ownership. 

 

Location

Sheffield is the main administrative centre in South Yorkshire, located approximately 36 miles south of Leeds, 23 miles west of Doncaster, 7 miles south west of Rotherham and 38 miles south east of Manchester. Communications are excellent with the M1 motorway skirting the north and east side of the city, linking to the M62 transpennine motorway, just south of Leeds.

The property is situated to the north east of the city centre and forms part of the Victoria Quays waterside development. Victoria Quays is located on the edge of the city with superb road communication links including direct access onto the Sheffield Parkway. It is well located for public transport accessibility with the Supertram light rail system being close by, which links the city centre to Meadowhall, Crystal Peaks and Hillsborough, and within a 10 minute walk of the main central rail and bus stations. Occupiers at Victoria Quays include Lloyds Banking Group, Monaghan Partnership, Rank Group, Parexel and SSB Law. 

Accommodation

Arch 11 - 42.35 sq m (456 sq ft)

Arch 12 - 36.19 sq m (390 sq ft)

Arch 13 - 34.96 sq m (376 sq ft)

Arch 14 - 90.44 sq m (973 sq ft)

Arch 16 - 67.20 sq m (723 sq ft)

Arch 17 - 110.10 sq m (1,188 sq ft)

Arch 18 & 19 - 243.86sq m (2,625 sq ft)

Total  - 625.40 sq m (6,732 sq ft)

Terms

Guide Price - £430,000

Specification

  • Freehold retail investment
  • 8 former railway arches (6 units let, 2 units vacant)
  • Tenants include a cafe, bar and restaurant
  • Waterside location
  • Current rent £48,970 per annum (plus two vacant units)


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