Price tag of more than £4.8m for listed city centre building

A prominent Grade II listed building in central Sheffield has been put on the market for an asking price of more than £4.8m.

Parade Chambers is a 28,776 sq ft property in the city’s Cathedral Quarter, fronting onto the High Street.

It hosts Lloyds Bank on the ground floor and office accommodation on the upper floors. There is also parking at basement level, providing 16 spaces.

The agents marketing the site, Commercial Property Partners, said the total current rental income from the building, including a rental guarantee on the top floor, is £388,770 per annum.

Offers of more than £4,865,000 are being sought for the premises, subject to contract and exclusive of VAT.

Richard Wright, Partner at Commercial Property Partners, said: “Parade Chambers offers a fantastic opportunity to purchase a highly reversionary, mixed-use property in Sheffield city centre.

“Furthermore, the location of the property makes it a highly desirable for prospective tenants, being situated close to a number of transport links, such as multiple tram stops, bus routes, and situated within close proximity to Sheffield Railway Station.”