Savills | Dunston House, Sheepbridge Works, Dunston Road, Chesterfield | Property for sale
16,072 sq ft(1,493.14 sq m)
Excess of £850,000

Dunston HouseSheepbridge Works, Dunston Road, Chesterfield

  • Under offer
  • Freehold

Key features

  • Established office location with excellent road connectivity to the M1 J29.
  • Prominent and attractive Grade II Listed building.
  • Freehold.
  • High occupancy level.
  • Suitable for alternative uses (subject to planning permission).
  • Excellent on site car parking provision.

Period Office Investment For Sale

About this property

  • Dunston House, formerly the headquarters offices for Sheepbridge Works, comprises a substantial Grade II Listed office building having been reconfigured to provide a comprehensive business centre with sixty four suites, plus three storage rooms. The suites have been recently upgraded, incorporating suspended ceilings, modern lighting and are fully internet enabled. The property benefits from an attractive reception and communal areas, conference/meeting room. Other amenities include four fully equipped kitchens, WCs, shower room, and an extensive onsite car parking provision.

Local information

  • The property occupies a prominent position with extensive linear frontage to Dunston Road (B6050) within the Dunston area of Chesterfield. Dunston Road is easily accessible from the A61 (Sheffield Road) the main arterial route providing access into Sheffield and out to the M1 at Junction 29.
  • The surrounding area is an established commercial location home to well-known occupiers including Proact IT UK Ltd, Tennant Metallurgical Group Ltd and Rillatech Ltd.

Additional information

  • The property is let to regional tenants, approximately fifty in number, of varying covenant strength.
  • Terms generally are for an initial twelve months with a three to six month notice period thereafter.
  • A bond equivalent to three months rental is charged prior to occupation and repayable on departure subject to any costs being incurred by the tenant.
  • Business Rates are the responsibility of the tenant.
  • Currently the property produces a total gross rental income of £177,000 per annum, derived from a minimum rental of £12.00 per sq ft and a current average rental of £11.19 per sq ft.
  • Net operating income (NOI) is £70,000 per annum.