BuiLding 5

Smithywood Business Park,

Sheffield S35 1QN
Office Investment Sale
Building 5
four other international airports within 1 hours drive at Nottingham Accommodation
East Midlands, Leeds Bradford, Manchester and Humberside. The property has been measured in accordance with the RICS Code
of Measuring Practice (6th Edition) and provides the following net
Situation
Smithywood Smithywood Business Park is situated approximately 0.6 miles
(1 km) from J35 of the M1 Motorway. The main entrance to the
internal floor areas:

Accommodation Sq. M Sq. Ft

Business Park
scheme is located off Nether Lane, which links the A629 (Cowley
Hill) with the A6135, one of the main arterial routes south to Ground Floor 463.96 4,994
Sheffield.
First Floor 485.15 5,222

Sheffield Smithywood Business Park offers brand new, high profile office
accommodation within a landscaped setting extending to a total
of 20 ha (50 acres). The first phase of the office park consists of 6
Total 949.10 10,216

S35 1QN
Investment Summary
◆ Located next to J35 M1 motorway and 6 miles (10 km) from
Sheffield city centre.
◆ Situated on a new high profile business park.
◆ Grade A, air conditioned office, comprising approximately
10,216 sq ft, arranged over two floors.
◆ 38 car parking spaces providing an excellent ratio of
1:269 sq ft.
◆ Let to Arthrex Ltd with a strong parent company guarantee until
July 2019.
◆ Current Passing rent of £129,500 per annum reflecting
£12.68 per sq ft.
◆ Offers sought in excess of £1,360,000 reflecting a net initial
yield of 9.00% assuming purchaser’s costs of 5.725%.
Location
Sheffield is the principal financial and commercial centre of South
Yorkshire and is the fourth largest city in England with a district
population of just over 530,000 and two highly rated universities
housing around 45,000 students. The city is located approximately
170 miles (273 km) north of London, 35 miles (56 km) south of
Leeds and 35 miles (56 km) east of Manchester. Sheffield benefits
from a central location within the UK, at the hub of the country’s
motorway network, with the M1 Motorway passing to the east of
the city, with access provided by Junctions 31 – 36.
Sheffield City Railway Station provides mainline services
throughout the UK with a journey time to London St Pancras of
approximately 2 hours 10 minutes.
Robin Hood (Doncaster/Sheffield) Airport is approximately 35
miles (56 km) to the north east. Elsewhere in the region there are
detached, 2 storey buildings providing modern, open plan, energy
efficient accommodation with excellent car parking provision to
meet the demands of modern business.
Tenure
Long Leasehold for a term of 150 years from 17th April 2009 at a
rental of £1 per annum.
Occupiers already committed to the scheme include Konica Tenancy
Minolta, Medilink and Athrex. The entire property is let to Arthrex Ltd under a lease commencing
30th July 2009 and expiring on 29th July 2019. The lease is drawn
Chapeltown to the north west and Ecclesfield to the south provide on full repairing and insuring terms and benefits from a rent review
local amenities. on 30th July 2014.
Description The current passing rent of £129,500 per annum equates to £12.68
The property comprises a new detached office building arranged per sq ft.
over ground and first floors.
There is a tenants option to determine on the 7th anniversary of
The internal specification benefits from: the start of the contractual term, subject to not less than 6 months
notice.
◆ VRV Air Conditioning (heating and cooling)
The lease is guaranteed by the parent company, Arthrex
◆ 8 person passenger lift
Medizinische Instrumente GMBH.
◆ Raised access floors with 175mm clear void
◆ Flexible open plan space
◆ Solar shading to windows
◆ “Secured by Design” (Accredited by South Yorkshire Police)
◆ BREEAM “Very Good”
◆ Meets objective 1 / Yorkshire Forwards “Better Places to Work”
principles
◆ Clear floor to ceiling height of 2.7m
◆ Fully D.D.A. compliant
The property benefits from 38 car parking spaces providing an
excellent ratio of 1:269 sq ft.
Covenant Indicative Layout
The Arthrex Group focus on providing over 3,000 products for
arthroscopic and minimally invasive orthopaedic surgical
procedures. The company is currently based in over 12 countries
with its products being distributed throughout 60 countries
worldwide.
The latest accounts for Arthrex Ltd and the German parent
company are as follows:

Arthrex Limited 30/06/2008 30/06/2007 30/06/2006

GBP GBP GBP
Turnover 7,988,233
Profit / (Loss) Before 191,583
Taxes
Net Tangible Assets 1,988,460 1,880,453 1,564,326
(Liabilities)
Shareholders Funds 1,988,460 1,880,453 1,564,326

Arthrex 30/06/2008 30/06/2007

Nedizinische ‘000 EUR ‘000 EUR
Instrumente GMBH
Operating 129,911 95,743
Revenue/Turnover
Profit/(Loss) Before 8,527 1,956
Taxes
Net Current Assets 24,452 22,512
Shareholders Funds 28,385 35,440

VAT
We understand that the property is elected for VAT. Subject to
meeting the appropriate requirements it is anticipated that the
sale will be treated as a Transfer Of a Going Concern (TOGC).

Proposal
We are instructed to invite offers in excess of £1,360,000 (one
million three hundred and sixty thousand pounds) exclusive of
VAT for our clients long leasehold interest subject to contract,
reflecting a net initial yield of 9.00% assuming standard
purchaser’s costs of 5.725%.
 Further Information
Please contact:
Andrew J Harrison
Knight Frank LLP
St Peters House
Hartshead
S1 2EL
Tel: 0114 272 9750
Mobile: 07795 316020
Email: andrew.j.harrison@knightfrank.com
Henrie Westlake
Knight Frank LLP
9 Bond Court
Leeds
LS1 2JZ
Tel: 0113 246 1533
Email: henrie.westlake@knightfrank.com

Jeremy Robinson
Fowler Stanford
8 St James Street
Sheffield
S1 1XN
Tel: 0114 275 1441
Email: jeremy.robinson@fowlersandford.com

Subject to Contract
Exclusive of VAT

Important Notice
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the
property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the
agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any
reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these
matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Photographs dated September 2009. Particulars dated October 2009.
Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of members’ names.

0114 272 9750

KnightFrank.co.uk
St Peters House, Hartshead S1 2EL