This property is no longer on the market
Retail property (high street)
Property description & features
- Freehold retail investment
- 8 former railway arches (6 units let, 2 units vacant)
- Tenants include a cafe, bar and restaurant
- Waterside location
- Current rent £48,970 per annum (plus two vacant units)
- Online Auction on Thursday, 25 January 2024
The property comprises eight Grade II Listed stone built former railway arches overlooking the canal basin, now used mainly for pub/café and retail purposes and includes the arch interiors and exterior structure, including a paved walkway area and parapet wall at roof level. Arches 11-14 & 16 are arranged at ground level whilst Arches 17-19 are split level over ground and basement. The arches all benefit from services including water and electricity (aside from No.13 which isn't currently live as it's a new connection). The Arches all benefit from good natural light and are well maintained.
Arches 15 and 20 are not held within the Seller's ownership.
Location:
Sheffield is the main administrative centre in South Yorkshire, located approximately 36 miles south of Leeds, 23 miles west of Doncaster, 7 miles south west of Rotherham and 38 miles south east of Manchester. Communications are excellent with the M1 motorway skirting the north and east side of the city, linking to the M62 transpennine motorway, just south of Leeds.
The property is situated to the north east of the city centre and forms part of the Victoria Quays waterside development. Victoria Quays is located on the edge of the city with superb road communication links including direct access onto the Sheffield Parkway. It is well located for public transport accessibility with the Supertram light rail system being close by, which links the city centre to Meadowhall, Crystal Peaks and Hillsborough, and within a 10 minute walk of the main central rail and bus stations. Occupiers at Victoria Quays include Lloyds Banking Group, Monaghan Partnership, Rank Group, Parexel and SSB Law.
Online Auction on Thursday, 25 January 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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