Units 1-5 Metis Building Scotland Street Sheffield South Yorkshire S3 7AT

Units 1-5 Metis Building
Scotland Street
Sheffield
South Yorkshire
S3 7AT

Prominent City Centre Office Investment

  • Comprises 5 self-contained modern office units
  • Fully let to tenants including BEST Limited, Clear Environmental Consultants Limited, W People Limited and AON Consulting (Benefits) Limited
  • Approximately 1,833.86 sq m (19,740 sq ft)
  • Popular university City
  • Nearby occupiers include Hampton by Hilton Hotel, HSBC offices and BMW
  • Currently Producing £133,556 p.a.x. (Subject to Note 6)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    32
  • Auction
    9th July 2015
  • Rent
    £133,556 per Annum Exclusive
  • Status
    Sold
  • Price
    £750,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prominent City Centre Office Investment

  • Comprises 5 self-contained modern office units
  • Fully let to tenants including BEST Limited, Clear Environmental Consultants Limited, W People Limited and AON Consulting (Benefits) Limited
  • Approximately 1,833.86 sq m (19,740 sq ft)
  • Popular university City
  • Nearby occupiers include Hampton by Hilton Hotel, HSBC offices and BMW
  • Currently Producing £133,556 p.a.x. (Subject to Note 6)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 32
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £750,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
6 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1 (Junction 33, 34)
Rail
Sheffield Railway Station
Air
Robin Hood Airport Doncaster/Sheffield
Situation

Sheffield is a popular university city and is the commercial and financial centre of South Yorkshire. The property is situated in a prominent corner position on the west side of the B5639 at its junction with Scotland Street and Solly Street. Nearby occupiers include Hampton by Hilton Hotel, HSBC offices and BMW.

Tenure

Long Leasehold. Held for a term of 250 years from 1st January 2004 at a peppercorn rent.

Location
Miles
6 miles south-west of Rotherham, 34 miles south of Leeds, 36 miles north of Nottingham
Roads
A61, A57, M1 (Junction 33, 34)
Rail
Sheffield Railway Station
Air
Robin Hood Airport Doncaster/Sheffield
Situation

Sheffield is a popular university city and is the commercial and financial centre of South Yorkshire. The property is situated in a prominent corner position on the west side of the B5639 at its junction with Scotland Street and Solly Street. Nearby occupiers include Hampton by Hilton Hotel, HSBC offices and BMW.

Tenure

Long Leasehold. Held for a term of 250 years from 1st January 2004 at a peppercorn rent.

Description

The property comprises ground and first floor office accommodation arranged as five separate units, which forms part of a larger building. The property benefits from suspended ceilings, raised floors, passenger lifts to larger units and a secure private car park for approximately 35 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground and first floor office accommodation arranged as five separate units, which forms part of a larger building. The property benefits from suspended ceilings, raised floors, passenger lifts to larger units and a secure private car park for approximately 35 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/(Reversion)
Unit 1 Ground
First
Office
Office
191.84 sq m
160.90 sq m
(2,065 sq ft)
(1,732 sq ft)
BEST LIMITED (1) 8 years from 14/09/2009 (2) £35,986 (13/09/2017)
Unit 2 Ground
First
Office
Office
8 Car Parking Spaces
130.53 sq m
76.74 sq m
(1,405 sq ft)
(826 sq ft)
CLEAR ENVIRONMENTAL CONSULTANTS LIMITED (3) 3 years from 05/07/2013 £21,000 (04/07/2016)
Unit 3 Ground
First
Office
Office
192.68 sq m
177.35 sq m
(2,074 sq ft)
(1,909 sq ft)
W PEOPLE LIMITED (4) 5 years from 04/09/2012 £24,000 03/09/2015
(03/09/2017)
Unit 4 Ground
First
Office
Office
380.33 sq m
261.42 sq m
(4,094 sq ft)
(2,814 sq ft)
TRUSTEES OF THE CHRIST EMBASSY 1 year from 07/06/2014 £30,000 (06/06/2015)
Unit 5 Ground Office
262.07 sq m
(2,821 sq ft)
AON CONSULTING (BENEFITS) LIMITED (5) 5 years from 11/11/2013 £22,570 (6) (10/11/2018)
Totals    
1,833.86 sq m
(19,740 sq ft)
    £133,556  

1) BEST Limited (Building Engineering Services Training Limited) is a leading UK training provider for the Building Services Engineering (BSE) sector, covering heating and ventilating, air conditioning, refrigeration, plumbing and electro-technical industries. Since 1990, BEST has successfully managed the training of over 7,000 apprentices and introduced them as skilled personnel into the building services industry. (www.best-ltd.co.uk)
(2)The lease provides for a tenant option to determine on 28th September 2015, subject to three months notice.
(3)For the year ending 31st December 2014, Clear Environmental Consultants Limited reported a turnover of £2,153,000, pre-tax profits of £404,000 and a total net worth of £2,416,000. (Source: www.riskdisk.com 11/06/2015)
(4)For the year ending 28th February 2014, W People Limited reported a total net worth of £1,046,151. (Source: www.riskdisk.com 11/06/2015)
(5)Aon Consulting (Benefits) Limited is ultimately owned by AON plc. Aon is the UK’s largest insurance broker (Insurance Times, August 2014) and provider of risk management services, number one insurance broker and a leading player in the UK’s human capital consulting market. Aon currently employs 6,000 people in 23 offices across the country. (www.aon.com)
(6)The current rent served under the terms of the lease is £19,750 p.a.x. The lease provides for a fixed increase in rent on 11th November 2015 to £22,750 p.a.x. The Seller has agreed to adjust the completion monies so that the unit will produce £22,750 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    16.06.15
    File Size
    53 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Dentons UKMEA LLP 21 Station Road
Watford
WD17 1HT
Matthew Hind 020 7842 3311matthew.hind@dentons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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