Investment Summary
Distington House and Centre Court, Atlas Way, Sheffield, S4 7QQ
- High quality office development occupying a prominent position just 1 mile from Sheffield City Centre
- A total of 41,003 sq ft arranged over ground and two upper floors across the two buildings
- Total site area of 1.82 acres
- Freehold
- Total 'topped up' rent of £384,906 per annum
- ERV of £410,030 per annum
- AWULT to expiry of 3.4 years (2.1 years to break)
- Opportunity to significantly improve the existing income profile through letting of vacant accommodation
- We are instructed to seek offers in excess of £3,325,000 (STC),which reflects the following yield profile:-
- 10.87% NIY
- 11.58% Rev Yield
- Low capital value of just £81 psf
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