Unit 3 Waterside Court, Bold Street, Sheffield, South Yorkshire, S9 2LR

Description

An opportunity to acquire a two storey modern office building of 8,288 sq ft on a securely gated site which includes a 23 space car park and landscaped garden area with former gymnasium/well being relaxation room. A two storey modern office building of 8,288 sq ft on a securely gated site which includes a 23 space car park

Accommodation / Key Property Details

• Previously used as a high end Casino/Members Club
• Finished to a high standard throughout An opportunity to acquire a two storey modern office building of 8,288 sq ft on a securely gated site which includes a 23 space car park and landscaped garden area with former gymnasium/well being relaxation room.
• 1.25 miles west of J34/M1/Meadowhall Shopping Centre
• A short distance from the heart of Sheffield City Centre
• Off Bold Street, surrounded by similar modern office buildings
• Comprising a modern pavillion style office building (circa 2001)
• Securely fenced and gated site with a 23 space car park
• Previously used in part as a high end Casino/Members Club
• The subject of an expensive high quality fit-out throughout

Location

Unit 3 Waterside Court, Bold Street, Sheffield, South Yorkshire, S9 2LR

Tenure

Leasehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Development / Planning

Would suit conversion to offices or as Leisure use throughout

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

HB desktop allowance: £66,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases/licences, rent collection, repairing obligations, VAT/business rates, service costs, covenant strength, access and title. ERV is not the same as achieved rent.

Maximum Bid Indicator

Capitalise verified sustainable income at an appropriate yield and deduct buyer premium, works, legal/professional, finance, holding, contingency and required return. SDLT/tax treatment is buyer-specific.

Strategy Recommendation

Income hold/value-add where passing rent and covenant support it; redevelopment only where planning/title evidence supports the alternative use.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★☆☆ | Development: ★★☆☆☆

Key Risks

Planning/consent conditions and implementation status; Lease length, ground rent, service charge and lender acceptability; Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.