Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Property Reference Number 100052079577
Building Area

Property Description

The property comprises four well configured retail units, situated over ground floor and basement. Unit 60-62 Pinstone Street, let to Co-Op Bank benefits from a glazed dual frontage on the ground floor. The unit has been recently re-fitted to include a large sales staircase and an ATM on the side return. 44 Pinstone Street, is the only unit that offers ground floor only. The upper floors have been sold off on a Long Leasehold to Elmdom Real Estate for a term until 2153, proving with 135 years unexpired, at a peppercorn rent.

Investment Highlights


  • England’s sixth largest city and a significant shopping, leisure and cultural destination
  • Located in Sheffield’s £500m redevelopment of 1.5m sq ft of land in the “Heart of the City”
  • HSBC set to occupy 160,000 sq ft in June 2019 bringing an addition 2,000 employees to the area
  • Prominently located on the high footfall location linking The Moor and Fargate
  • 2 recent lettings demonstrating occupier demand for Pinstone Street
  • Secured to national covenants of Co-Op Bank, Size and Tony & Guy
  • WAULT of 3.6 years to expiry and 8.6 years to breaks
  • Total rent of £189,450 per annum
  • Freehold

Last Updated Date: 23 Sep 2020
Frankie Maddox
Frankie Maddox
Associate Director- Retail Investment
Jonathan Heptonstall
Jonathan Heptonstall
Head of High Street Retail

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Last Updated Date: 23 Sep 2020

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