liverpool@masonowen.com
T: 0151 242 3000

Mason Owen
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Liverpool L3 9AG

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liverpool@masonowen.com
T: 0151 242 3000

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Investment

Food Store Investment, Iceland, Elm Lane

Sheffield
Location
9,276 sq ft
Size
Food Store Investment For Sale
Availability
Offers in excess of £1,400,000
Price
Description
Sheffield is located 30 miles south of Leeds and 33 miles east of Manchester. The M1 motorway (Jct’s 31,33 & 34) is to the east of the city and the A57 provides east/west links. Sheffield Rail Station provides services to London St Pancras (2hrs), Manchester, Leeds and Liverpool

The property is situated on the northern side of Elm Lane at the junction with Barnsley Road (A6135) which has an Annual Average Daily Flow of Traffic (AADF) of 11,346 vehicles.

The surrounding area is predominantly residential, with nearby national occupiers including KFC, Betfred and Greggs Outlet. There is very limited food store competition within a 5 minute drive time of the subject property.
The property provides a purpose built supermarket benefitting from a rear service yard and separate car parking to the rear for approximately 50 vehicles.

The total site area is approximately 0.375 ha (0.926 acres).
The premises are let in their entirety on Full Repairing and Insuring Terms to Iceland Foods Limited (Co. No: 01107406) by way of a reversionary lease expiring 18 September 2034. The rent has been rebased to £125,000 per annum and there is a fixed rent increase to £135,000 per annum from 18 September 2029.

The accommodation provides approximately 861.80 sq m (9,276 sq ft). The premises benefit from a rear service yard and customer car parking providing 50 car spaces.

Part Freehold & Part Long Leasehold. 2 long leases from The Most Noble Bernard Marmaduke Duke of Norfolk: 200 years from 25.03.1929 at an annual ground rent of £31 and 13 shillings, 183 years from 25.03.1946 at an annual ground rent of £38 and 10 shillings.

Property Agent

Andrew Scott image black and white

Andrew Scott

Email: andrew.scott@masonowen.com

07786171406

Andrew is an experienced Chartered Surveyor and Registered Valuer, who has been a valuable member of the Mason Owen team since joining in 2004.  With years of experience in the industry, Andrew has a wealth of knowledge and expertise in the commercial property market.

Andrew is passionate about his work and is dedicated to providing our clients with exceptional service that consistently exceeds their expectations.  He is highly skilled in negotiation, communication and problem solving which allows him to effectively manage client relationships and navigate complex situations.  His in-depth market knowledge, coupled with his strong work ethic and attention to detail ensures our clients receive accurate and reliable advice that meets their specific needs.

Andrew Scott

Contact Details