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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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

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.