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50 Montgomery Terrace Road Sheffield, S6 3BU

40576 sq ft Investment

Freehold Property to buy in Sheffield

Opportunity to purchase a secure , long income foodstore investment.

Key points

  • Highly accessible location on the edge of the city centre, close to the A61, linking the property with the arterial ring road of Sheffield. Direct access to the super tram system providing rapid, city wide connectivity.
  • Purpose-built foodstore of 40,576 sq ft (3,770 sq m) landlord GIA with a superb parking ratio of 1:119 sq ft
  • Freehold site of 5.88 acres with a very low site coverage of 18%
  • Highly secure income to Tesco Stores Limited for an unexpired term of over 14.5 years.
  • Successful trading store with the tenant having recently entered into a 15 year reversionary lease in November 2018.
  • Minimum contractual rent of £560,000 per annum, reflecting a very low £13.80 per sq ft. Subject to an outstanding rent review where an uplift is expected.

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