DEAL COMPLETED FOR SHEFFIELD INDUSTRIAL PROPERTY
February 16th, 2023
A north Sheffield industrial scheme has changed hands in a deal brokered by Commercial Property Partners (CPP).
The self-contained terrace units at 218-228 Newhall Road were purchased by Chesterfield-based property investor Holland Trinity Ltd.
The 21,381 sq ft property, most recently having been occupied as a single unit, sits on a 0.85-acre site and comprises of industrial and warehouse units with ancillary office accommodation.
Two thirds of the property will be occupied by SDL Minorfern, a distributor of replacement parts for cars and vans. The remaining 6,500 sq ft unit will become available to let following the completion of redevelopment works.
CPP director Ed Norris said: "The sale of the Newhall Road scheme shows that there is still strong demand for freehold commercial units in Sheffield and, further afield, across South Yorkshire.
"Purchasers and investors are still looking for those opportunities in locations with the right transport links and access to a skilled and available work force, two of Sheffield's key strengths."
Knight Frank Sheffield was the joint agent.