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Collaborating in logistics, warehouse + industrial property

Address:Riverside No.2, Bridge Street, Sheffield, S3 8NR
Type: Investment
Size: 4500 Sq Ft
Price: £750,000
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Contact Details

0113 387 3378
07552 476 571
07960 708 544

Riverside No.2, Bridge Street, Sheffield, S3 8NR

About the property

  • Long Leasehold
  • 4,500 sq ft (NIA) over ground floor
  • Located within a prime Sheffield office area in the Riverside Exchange Sheme
  • Let to ATOS IT Services UK Limited representing a very strong covenant with a 5A rating
  • Offers in the region of £750,000
  • Passing rent of £47,000 per annum exclusive
  • A purchase at this price reflects a NIY of 5.95% assuming purchasers’ costs of 5.40%
  • Recent Lease renewal until 2029 on FRI terms

The property forms the ground floor unit of a multi storey building.
The property fitted out for the tenant’s specific needs benefits from natural light, air conditioning, suspended ceilings, disables WC and alternate male and female WC’s.
The property comprises approximately 4,500 sq ft on a Gross Internal Area basis (GIA)

The property is let to ATOS IT Services on an FRI Lease and is utilised as a benefits assessment centre. The Lease has recently been extended to 2029 at a passing rent of £47,000 per annum. The tenant has the right to terminate on a 2 yearly rolling basis, the current Tenant have been in occupation since 2015. The service charge provisions from the Headlease are passed to the Tenant.