Weston Tower, Sheffield City Centre

Sheffield, S1 2DA

Weston Tower, Sheffield City Centre, Sheffield For Sale - Weston - Image 1.jpg
Weston Tower, Sheffield City Centre, Sheffield For Sale - Weston - Aerial View.jpg
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Weston Tower, Sheffield City Centre, Sheffield For Sale - Weston - Image 1.jpg
Weston Tower, Sheffield City Centre, Sheffield For Sale - Weston - Aerial View.jpg
Weston Tower, Sheffield City Centre, Sheffield For Sale - Weston - Image 3.JPG
Weston Tower, Sheffield City Centre, Sheffield For Sale - Weston - Image 2.JPG
Bids: 9 December 2022
Property Type
Tenure For Sale
Size 0.34 Acres
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Prime development opportunity on the gateway to Sheffield City Centre. For sale by way of tender - bids requested by 12 noon on 9th Dec

Key Points

  • Suitable for a range of Residential or Commercial uses (subject to necessary consents)
  • A 70,654 sq. ft. building with a basement car park and 7 storey tower above
  • Freehold Site Area 0.68 acres. Building footprint 0.34 acres
  • Prominent gateway site within the Cathedral Quarter, close to Kelham Island and the main retail and office centres
  • Potential for a significant mixed-use tower development, or conversion of the existing structure
  • For sale with vacant possession
  • Offers invited for the freehold (or a virtual freehold) interest

Description

Weston Tower comprises a substantial office building that has been vacant for a number of years. Further information for the site can be accessed within a data room.

In terms of wider context, Heart of the City and West Bar are leading the way in terms of delivering a new product and changing the skyline of Sheffield. Heart of City is a £490m regeneration scheme delivering a truly mixed use heart to Sheffield City Centre including prime grade A office space, high quality apartments for sale, and Kangaroo Works a prime BTR scheme. At West Bar, phase 1 of the development is underway which includes a 100,000 sq ft office building and 368 BTR apartments and a multi storey car park, with supporting retail and leisure space on the ground floor.

We therefore believe that Weston Tower presents an opportunity for either conversion of the existing building or a wholesale demolition and redevelopment.

Available area

We are informed that the property comprises the following:

Floor/Unit Description Size
Ground Site 0.34 Acres
Building Parking 12,917 sq ft
Ground Parking/Loading/Office 12,917 sq ft
1st Office/Shell 12,917 sq ft
2nd Office/Shell 12,917 sq ft
3rd Office/Shell 2,713 sq ft
4th Office/Shell 2,713 sq ft
5th Office/Shell 2,713 sq ft
6th Office/Shell 2,713 sq ft
7th Office/Shell 2,713 sq ft
8th Office/Shell 2,713 sq ft
9th Office/Shell 2,713 sq ft
Ground Total Building 70,654 sq ft

Location

The property is bound by Tenter Street, Queen Street, West Bar and Silver Street and occupies a gateway site within the Cathedral Quarter. It is close to Kelham Island and the main retail and office centres. These popular destinations are linked to the Weston Tower site by riverside walkways.

Planning

Our clients have obtained an IPAN which its available (see "downloads" above).

Method of Sale and Timeframe

The opportunity is being offered by way of informal tender. Offers are invited on a subject to planning basis. However, unconditional offers may also be considered. Proposals need to be with Tim Bottrill at colloco no later than 12 noon on 9th December 2022. Bidding guidance can be accessed in the data room.

Tenure

The property is currently held by way of long leasehold and freehold interest. Romiga West Ltd and Sheffield City Council are working in partnership and are able to offer the freehold interest to the market. The freehold interest will be offered subject to the following:

- Subject to contact
- Subject to planning for a private residential scheme
- Subject to approval of both parties (Romiga West Ltd and Sheffield City Council)

Please note that other uses will be considered including office. However, any student housing will not be considered.

Viewings

The site is easily viewed from the public highway but internal inspection can be made strictly by appointment through the agents. Prospective purchasers should be aware that inspections are made entirely at their own risk.

Data Room

Further information is available in a data room. Please contact Tim Bottrill at colloco for more information.

Joint Agents

Colloco are instructed to market the property with Sheffield City Council (contact: Edwin Standbrook-Shaw).