SIG Trading Limited, Nunnery Drive, Sheffield S2 1TA

Sheffield, S2 1TA

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SIG Trading Limited, Nunnery Drive, Sheffield S2 1TA
Price £2,625,000
Rent (pa) £175,000
Yield 6.27%

Investment Summary

  • Prime last mile distribution investment
  • 36,794 sq ft on a site of 1.67 acres, thereby providing a low site cover of just 45%
  • 1 mile from Sheffield City Centre on the Parkway, providing excellent access to the M1 Motorway
  • Freehold
  • Let to SIG Trading Limited on an FRI lease (Company Number 01451007)
  • 10 years from 30th November 2024 (4.25 years unexpired)
  • Current rent of £175,000 per annum (£4.75 psf)
  • ERV of £195,000 per annum (£5.30 psf)
  • Tenant owns the yard extension site adjacent on a Freehold basis
  • Offers in excess of £2,625,000 (STC)
  • 6.27% NIY
  • 6.98% Reversionary Yield
  • £71psf Capital Value
  • Purchase underwritten by strong owner occupier market
Town Sheffield
Postcode S2 1TA
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