Units 1-3 Parkway Close, Parkway Industrial Estate, Sheffield S9 4WJ

Units 1-3 Parkway Close, Parkway Industrial Estate, Sheffield S9 4WJ

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  • Well located freehold warehouse investment

  • Located on Parkway Industrial Estate, 2 miles from Sheffield City Centre and directly adjacent to the A57 leading to Junction 33 of the M1

  • Comprising a terrace of 3 single storey industrial/warehouse units totalling 3,471 sq m (37,376 sq ft)

  • Site area of 0.43 hectares (1.06 acres), providing a site cover of 58%

  • Let to Granton Medical Ltd on an FRI lease for 10 years from the date of sale subject to a Schedule of Condition

  • Unit 1 is sub-let to Orchid Orthopedic Solutions Ltd

  • Total rent of £117,500 per annum (£3.15 psf)

  • Fixed uplift to £130,000 per annum (£3.47 psf) at the expiry of the fifth year

  • Seeking offers in excess of £1,550,000 (STC)

  • Attractive Net Initial Yield of 7.15%

  • Reversionary yield of 7.91%

  • Low capital value of £41.50 psf

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