Woodside Works, Rugby Street, Sheffield, S3

LOCATION
Neepsend, close to Sheffield City Centre, is an up and
coming location with a great mix of residential, leisure
and commercial developments bringing regeneration to
one of Sheffield's original industrial heritage areas.
Rutland Road (B6070), which is part of Sheffield's outer
ring road, leading directly onto Penistone Road (A61)
and Barnsley Road which leads to Meadowhall and the
M1. The premises offer easy access into Sheffield City
Centre and to the M1 at Junctions 34, 35 and 36.

DESCRIPTION
The site comprises of a three storey industrial premises
with adjoining yard benefitting from frontage onto
Rutland Road. The space has been apportioned
internally to provide good quality self-contained units
which are current let in accordance with the tenancy
schedule. The internal specification differs however all
units benefit from an eaves height of approximately 4
metres, concrete floor and roller shutter access.
The site is suitable for redevelopment subject to
planning.

ACCOMMODATION (All areas being approximate)
Lower Ground Floor 13,622 sq ft 1,265 sq m
Upper Ground Floor 14,450 sq ft 1,342 sq m
First Floor 16,107 sq ft 1,469 sq m
Total 44,179 sq ft 4,104 sq m
The overall site area is 0.9 acre.

TENURE
The Freehold shown edged red below is held under title
number SYK491211. The long leaseholds are held
under title numbers SYK273522 (edged orange) 200
years from 1920, SYK491212 and SYK511632 (edged
blue) 800 years from 1857.

PRICE
Offers in the region of £895,000 + VAT are invited for
the benefit of the freehold and long leasehold interest.

TENANCIES
There are five tenancies in place at the premises, which
equate to a total annual income of £58,088. Most
tenancies are holding over, therefore new leases can be
agreed if necessary.
A full breakdown of the tenancy schedule is available on
request.

ASSET MANAGEMENT POTENTIAL
The South Yorkshire light industrial market continues to
strengthen with strong levels of demand and a lack of
supply contributing to improving rents. We consider
there to be potential for substantial rental growth at
reversion. The mutual break clauses mean the units
could also have potential to be owner occupied.

PLANNING
The site is located within area allocated as Fringe
Industry and Business Area in the Sheffield Unitary
Development Plan, although considered suitable for
future residential development. Purchasers are advised
to make their own