PROPERTIES

50 High Street, Sheffield S1 1QH

Price£4,000,000

PDF DETAILS

50 High Street, Sheffield S1 1QH

  • Price£4,000,000
  • SectorDevelopment
  • StatusAvailable
PDF DETAILS

City Centre Development Opportunity

Summary

  • The City of Sheffield is the principle commercial centre in South Yorkshire and lies approximately 35 miles (56 km) south west of Leeds and 39 miles (62.7 km) east of Manchester.
  • Located opposite the main Sheffield Hallam Campus in the heart of Sheffield city centre. The property is situated in a prominent position at the junction of the High Street and Arundel Gate.
  • The subject property benefits from a GIA of 99,782 sq ft (9,270 sq m) of existing accommodation at first to fourth floors.
  • Existing planning permission approved for the development of 121,796 sqft (11,315 sqm) GIA of student accommodation over basement, lower ground, ground and 6 upper floors.
  • Existing planning permission approved for the development of 121,796 sqft (11,315 sqm) GIA of student accommodation over basement, lower ground, ground and 6 upper floors.
  • Consent granted for 330 new student bed spaces (38 cluster and 63 studios) with communal, ancillary and access facilities.
  • New long leasehold interest of 250 years, with full vacant possession of the upper floors offered, (Subject to service charge).
  • Offers are invited in excess of £4,000,000 (FOUR MILLION POUNDS)for the long leasehold of the property, reflecting a low capital value of £45 per sq ft. Subject to contract and exclusive of VAT.