Retail premises for sale

33-35 Fargate, Sheffield S1

Description

33-35 Fargate is a prominent mixed-use investment occupying a prime pedestrianised position in the heart of Sheffield's principal retail thoroughfare, directly opposite the Cathedral Supertram stop. The freehold building comprises a self-contained ground floor retail unit, let to Superdrug Stores plc, together with four self-contained office suites across the upper floors, branded 'Ratoon', totalling approximately 18,627 sq ft (1,730.1 sq m) NIA.

The offices have been comprehensively redeveloped to a high specification, with a dedicated ground floor reception, two passenger lifts, vrf air conditioning, private showers and lockers, secure basement bike storage, a feature light well and roof lantern, and a communal rooftop terrace with views across the city centre. The property currently produces a total gross income of £380,004.25 per annum, with three of the four office suites let since redevelopment and a final suite available, offering clear asset management potential to increase net income to approximately £446,133 per annum.

Location

Fargate connects the High Street to Barkers Pool and benefits from some of the highest footfall in the city centre, anchored by a strong mix of national multiples, food and beverage operators and leisure occupiers, including neighbouring Marks & Spencer, Boots, Starbucks, Greggs, Caffè Nero and Burger King. The street continues to benefit from significant investment through the £15 million Fargate regeneration programme, which has delivered new paving, seating and pocket parks, alongside a new c.20,000 sq ft Events Centre at 20-26 Fargate, due for completion in late 2026, which will further strengthen footfall in the immediate vicinity. Sheffield itself is England's fourth largest city, providing a strong resident and consumer base to support the wider retail pitch.