St. James’ House, Vicar Lane, Sheffield, S1 2EX

Office Investment For Sale

Rob Darrington

  • Landmark multi-let office building totalling 56,984 sq ft (5,294 sq m). Situated in a prime location within the Sheffield City Centre, with excellent public transport links.
  • Average passing rent on the occupied office space within St James House is just £11.22 psf, offering unrivalled rental growth potential. Vacancy of just 5,310 sq ft (493 sq m).
  • Current contracted gross rental income is £595,976 per annum (£674,376 with 12 months’ rent guarantee on the vacant space at £15.00 psf).
  • We are instructed to seek offers in excess of £6,700,000 (Six Million Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT. Allowing for usual purchaser’s costs of 6.64%, this reflects an attractive net initial yield of 9.44% (with 12 month rent guarantees on the vacant space) and a modest capital value of £118 psf.

« Back to Investment Sales