Units 5 & 6 Parkhouse Lane Sheffield South Yorkshire S9 1XA

Units 5 & 6 Parkhouse Lane
Sheffield
South Yorkshire
S9 1XA

Freehold Industrial Investment

Let on a new 10 year lease to Panoramic Doors (UK) Limited (subject to option)
Established industrial/warehouse area adjacent to the M1 Motorway
Nearby occupiers include Yodel Couriers, Batley’s Cash & Carry and Fresh Island Foods
On-site parking for approximately 12 cars
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
43
Auction
23rd March 2016
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£685,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund Manager

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Freehold Industrial Investment

Let on a new 10 year lease to Panoramic Doors (UK) Limited (subject to option)
Established industrial/warehouse area adjacent to the M1 Motorway
Nearby occupiers include Yodel Couriers, Batley’s Cash & Carry and Fresh Island Foods
On-site parking for approximately 12 cars
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 43
Auction 23rd March 2016
Rent £65,000 per Annum Exclusive
Status Sold
Price £685,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 3 miles south-west of Rotherham, 4 miles north-east of Sheffield city centre, 35 miles south of Leeds
Roads: M1 (Junctions 33, 34), A631, A630
Rail: Meadowhall Rail
Air: Doncaster Sheffield International Airport (Robin Hood)

Situation

The property is located in a well established industrial warehouse area in Tinsley, 4 miles east of Sheffield city centre. The property is situated at the northern end of Parkhouse Lane, less than 1 mile from Junction 33 of the M1 Motorway. Nearby occupiers include Yodel Couriers, Batley’s Cash & Carry and Fresh Island Foods.

Tenure

Freehold.

Location

Miles: 3 miles south-west of Rotherham, 4 miles north-east of Sheffield city centre, 35 miles south of Leeds
Roads: M1 (Junctions 33, 34), A631, A630
Rail: Meadowhall Rail
Air: Doncaster Sheffield International Airport (Robin Hood)

Situation

Tenure

Freehold.

Description

The property comprises a detached two bay industrial/warehouse unit arranged over ground and first floors. The property benefits from loading bays, secure service yard and parking for approximately 12 cars.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Industrial Industrial	1,552.5 sq m 117.5 sq m	(16,711 sq ft) (1,265 sq ft)	PANORAMIC DOORS (UK) LIMITED (1)	10 years from 14/12/2015 until 13/12/2025 on a full repairing and insuring lease (2) (3)	£65,000	14/12/2020
Totals		1,670.0 sq m	(17,967 sq ft)			£65,000

(1) Panoramic Doors UK are a multi award winning door systems company who have seen phenomenal growth in the U.S in the last five years. Their products are now manufactured and available in the U.K with their showroom and factory also in Sheffield. (Source: www.panoramicdoors.co.uk 23/02/2016)
(2) The lease provides an option for a tenant option to determine on 13/12/2020.
(3) The lease is subject to a schedule of condition.