Drake Business Park, Drake House Crescent, Sheffield S20 7HT

Drake Business Park, Drake House Crescent, Sheffield S20 7HT

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  • Multi-let business space investment

  • Prominently located off the A57 and 3 miles from junction 1 of the M1

  • Immediately adjacent to Drakehouse Retail Park and Crystal Peaks Shopping Centre

  • 2 standalone office buildings together with a hybrid industrial/office unit extending to 20,313 sq ft on a site of 2.19 acres

  • Modern accommodation constructed in 2005

  • Freehold

  • Total 'topped up' rent of £192,397 per annum, equating to just £9.47 psf

  • ERV of £197,537 per annum

  • AWULT to expiry of 8.2 years (3.5 years to break)

  • We are instructed to seek offers in excess of £1,500,000 (STC),which reflects the following yield profile:-

  • 12.10% NIY

  • 12.42% Rev Yield

  • Low capital value of just £74 psf

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