Co-Op Food, 849 Ecclesall Road, Sheffield S11 8SD

Sheffield, S11 8SD

Sold
Co-Op Food, 849 Ecclesall Road, Sheffield S11 8SD
Price £6,250,000
Rent (pa) £413,000
Yield 6.2%

Investment Summary

  • Sheffield is the commercial, administrative and retail centre of South Yorkshire with a City Region population of 556,500 (2021 census).
  • Sheffield’s central location within the UK provides excellent access to the national motorway network, with Junctions 31 to 34 of the M1 on the eastern fringe of the city.
  • Highly accessible location on the Ecclesall Road linking the property with the arterial ring road of Sheffield and City Centre (1 mile)
  • Extensive catchment with a 15-minute drive time population of 324,449 people with affluent private and student housing in the local area
  • Purpose built food store of 26,106 sq ft of accommodation with a parking ratio of 1:297 sq ft
  • Freehold site of 1.463 acres with a low site coverage of 41%
  • Let to Co-Op Group Food Limited (net assets - £1.96bn)
  • 25 year lease with effect from 27th June 2006, expiring 26th June 2031 (7.8 years unexpired).
  • Initial rent of £413,000 per annum (£15.82 psf)
  • Rent to be reviewed 5 yearly upwards only to the open market rental value (next review 27th June 2026)
  • Freehold
  • Strong alternative use potential for student, retirement or residential (STP)
Town Sheffield
Postcode S11 8SD
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