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16 Fargate Sheffield, S1 2HE

£ 40,000 pa / 1,658 sq ft
16 Fargate, 2 - 18 Fargate Street, Shefford - Picture 2024-03-20-12-24-24
Use Class

Use Class

E

Size

Size

1,658 sq ft

Rent pa

Rent pa

£40,000

Sheffield is UK’s 5th largest City with a population of over 1.5m people, and has an economy worth in excess of £7 billion per annum.

The subject property occupies a prime retailing location on the pedestrianised thoroughfare of Fargate. National multiple retailers in close proximity include Boots, M&S, Caffe Nero, McDonalds, Superdrug, Tesco and GDK. Situated at the busy junction of High Street, Church Street and Fargate, opposite the Cathedral Tram Stop, the property benefits from high footfall from students, shoppers and office workers. Orchard

Square is anchored by TK Maxx as well as a new and extensive food offer increasing the number of shoppers at lunchtime. The Heart of the City investment scheme in Sheffield City Centre aims to repurpose large parts of the City Centre to offer a variety of newly configured retail, leisure and hospitality space, enhancing the existing City Centre facilities. Sheffield and specifically Fargate has been designated £15.8 million from the Governments Future High Streets Fund. This investment will be delivered by March 2024 and look to introduce more co-working space, better public realm and exhibition space.

  • 5th largest city in the uk with a population of 1,570,000 people

  • The 6th largest youthful population in the uk, with over 62,00 university students

  • Heart of the city investment programme will see £1.5m ft² of development

  • 35 mile tram network throughout the city

  • 7,00 new jobs in the city centre by 2030

  • Fargate receiving £15.8m from the government future high streets fund

Key Information

Further Infomation

Terms and conditions

The Insurance charge for the current financial year is available upon request.

Accommodation

1,658 Sq.Ft

The property comprises the following approximate internal floor areas:

Areas
Sq.Ft
Sq.M
Ground Floor
917
85
Basement
741
69

Financial

Rent

£40,000 per annum.

Costs

Each party is to be responsible for its own legal costs incurred in connection with this letting.

Service charge

The service charge for the current financial year is available upon request.

Tenure

Leasehold - Leasehold term to be agreed

Business Rates

The Tenant will be responsible for the payment of business rates to the Local Authority. The premises have been assessed for rating purposes as follows: Rateable Value (2023) £60,000. UBR (2023/2024) 51.2p. Rates Payable (2023/2024) £30,720.

Rates

Rateable Year:
2023
Rateable Value:
£60,000.00
Rates payable:
£30,720.00
UBR:
51.2p/£

Sustainability

Available upon request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 18/04/2024