POSTED: 05 January 2012.
Maggie May's Comes to Town!
Crosthwaite Commercial have let the former Alibi Bar on the corner of Trippet Lane and Holly Street in Sheffield city centre, at an initial rental of £55,000 per annum.
The bar comprises a ground floor area of around 4,340 sq ft with basement cellars of 450 sq ft and was let to local DJ Gary Sinclair who has re-opened the bar as Maggie May's, specialising in music from the 1950s - 1980s.
Anglo Works is a Listed building which once housed Walter Trickett & Co, the noted Sheffield cutlery manufacturers. In recent years, having fallen into an almost derelict state, the building has been rebuilt by Towers Investments to provide a ground floor bar with student beds above.
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POSTED: 03 December 2011.
Crosthwaite Commercial acquire Portland Square, Bakewell
Crosthwaite Commercial have acquired the freehold investment of Portland Square in Bakewell on behalf of a private investor.
This courtyard shopping scheme occupies a central position in the heart of this popular Peak District town and comprises 13 shops and 8 office suites, let to a variety of national and local tenants.
A price in excess of £2.3m was paid, reflecting a net initial yield of around 8.75%.
Crosthwaite Commercial are now looking for similar investments in the region for a number of private investors.
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POSTED: 11 October 2011.
Telephone House, Sheffield
Rreef UK have sold Telephone House on Charter Row in Sheffield to a consortium led by Ace Liberty and Stone plc for an undisclosed sum. The building occupies a prime city centre site adjacent to Hammerson’s proposed Sevenstone retail development, where CPO notices have now been served.
Telephone House occupies an island site and comprises 90,000 sq ft of offices let to BT until 2013, a 456 space multi storey let to NCP, together with a nightclub, bar and showroom. The total rental income is around £890,000 per annum.
Sheffield based Crosthwaite Commercial acted for Ace Liberty & Stone along with Maybridge Commercial and Knight Frank represented Rreef.
Commented Martin Crosthwaite “This is a landmark building in Sheffield city centre, virtually surrounded by one of the largest new retail schemes in the north of England, and offers our clients enormous asset management opportunities. It is not often that substantial properties such as this become available in the city and we are pleased to have been in a position to introduce this investment to Ace Liberty & Stone and negotiate the purchase.”
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POSTED: 11 October 2011.
Yorkshire Bank Investment For Sale
Crosthwaite Commercial have been instructed by Irish Investors to market the freehold investment of 446/448 Firth Park Road at Firth Park in Sheffield. The property is let to Clydesdale Bank plc trading as Yorkshire Bank plc until March 2015 at a rental of £24,000 p.a. exclusive. Offers in the region of £330,000 are required reflecting a net initial yield of 6.95%.
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POSTED: 10 October 2011.
Another Investment to sell on Sharrow Vale Road
Following the sale of three investment properties on Sharrow Vale Road a couple of years ago, Crosthwaite Commercial have been instructed to sell the freehold investment of no 363 which is currently occupied by local chef Jonty Cork, trading as Made by Jonty. Forming a re-gear of the lease, the property will be let on completion to Made by Jonty Ltd for a term of 10 years at a rental of £16,000 p.a. exclusive. Offers in the region of £245,000 are invited for this investment representing a net initial yield of 6.35%.
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POSTED: 10 October 2011.
Another Prime Freehold Retail Investment For Sale
Crosthwaite Commercial are selling this investment in the popular Hillsborough district centre. Potential for residential conversion of upper floors and let to 2014. 7.68% net initial yield.
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POSTED: 18 August 2011.
Varying sizes of Industrial/Warehouse Units to Let
Crosthwaite Commercial are letting various units (1, 2, 5 & 9) on a small industrial estate with easy access to M1 & Sheffield City Centre.
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POSTED: 18 August 2011.
Shop to Let in Busy Peak District Tourist Location
Crosthwaite Commercial are joint letting agents for this 2 storey shop (1,148 sq ft). Rent on application and available To Let on a new lease.
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POSTED: 12 August 2011.
Self-Contained Office Building in Conservation Area To Let
Crosthwaite Commercial are letting this attractive self-contained office building which is situated close to the Fulwood & Broomhill suburbs in Sheffield. A flexible lease is available for £6,500 pa (VAT not charged).
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POSTED: 24 July 2011.
Lloyds Bank Investment Comes To Market
Crosthwaite Commercial are now marketing a second prime investment in the Banner Cross area of Sheffield, a bank let to Lloyds TSB until 2019.
The current rent is £25,250 pa and offers around £475,000 are invited.
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POSTED: 24 July 2011.
Modern Warehouse To Let In Chesterfield
Crosthwaite Commercial are bringing to the market a modern 7,234 sq ft warehouse unit on the popular Broom Business Park on Bridge Way, just off Broombank Road and visible from the Dronfield By-Pass.
The unit has a small office content and ample car parking and is available to let on a new lease.
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POSTED: 20 July 2011.
Weston House Development Opportunity
Crosthwaite Commercial have been instructed to market Weston House and Tower, a substantial former office/warehouse building in central Sheffield. The building comprises over 60,000 sq ft on an island site close to the new inner ring road and offers an excellent development/refurbishment opportunity in the central business district.
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POSTED: 13 April 2011.
Yet Another Shop To Let on Ecclesall Road!
Crosthwaite Commercial have been instructed to let another shop on Ecclesall Road, following the recent letting of 401 Ecclesall Road to Sugar Splash.
No 268 is the former festival of Fun Fancy Dress Store and provides a sales area of 602 sq ft with basement storage.
The shop is adjacent to the new Marks & Spencer Simply Food outlet and available at a rent of £22,000 per annum.
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POSTED: 20 March 2011.
Licensed Waste Transfer Station Available To Let
Crosthwaite Commercial have been instructed to let a warehouse and yard at Tinsley Park Road in Sheffield. The site is just over a quarter of an acre with a building of around 4,730 sq ft and has the benefit of a Waste Transfer Licence.
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POSTED: 20 March 2011.
Rare Takeaway Consent Granted in Ecclesall Road
Crosthwaite Commercial are marketing 280 Ecclesall Road which has recently received planning consent for use as a fast food takeaway. The shop is in a very busy position next to the Nursey Tavern, opposite Menzels Wine Bar.
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POSTED: 15 March 2011.
Large Yard with Offices & Workshop in Attercliffe For Sale
Crosthwaite Commercial have been instructed to sell the former Cox Transport yard and premises on Trent Street in Attercliffe, Sheffield. The yard comprises around 0.25 acre and is approached off Washford Road, whilst the offices and workshops are around 4,400 sq ft with a frontage to Trent Road. The freehold is available and offers in the region of £245,000 are required.
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POSTED: 12 March 2011.
Rare Self-Contained Office Building To Let off Ecclesall Road
Crosthwaite Commercial are now marketing a superb small 2 storey office building on Denham Road, adjacent to Ecclesall Road. The building provides around 640 sq ft of well lit office/studio space together with a single car parking space and offers a great opportunity for a design company, beauty salon, or similar to get representation with signage easily visible from this busy shopping thoroughfare.
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POSTED: 04 January 2011.
Peel House Offices Available at Competitive Rents!
Crosthwaite Commercial have been appointed by Threadneedle Asset Management to act as joint agents on the remaining available office space at Peel House on West Bar in Sheffield.
Almost 18,000 sq ft of refurbished space is available with individual suites from 3,700 sq ft, however smaller areas can be made available.
3 year deals are on offer at rents starting at £5.00 per square foot meaning Peel House now offers some of the most cost effective office space in central Sheffield, close to the Law Courts.
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POSTED: 01 January 2011.
West Bar Office/Retail Building Comes To Market
Crosthwaite Commercial are offering a large former office building for sale or to let on West Bar, close to its junction with Shalesmoor.
The building comprises around 2,900 sq ft in total over ground, first, second and third floors and has been recently refurbushed to provide good quality offices throughout.
Alternative uses, such as showrooms, trade warehouse, retail, restaurant and others are possible.
The building is available to let on a new lease at a rental of £11,500 per annum or the freehold can be bought for a figure in the region of £140,000.
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POSTED: 30 November 2010.
Indian Restaurant in Askern For Sale
Crosthwaite Commercial have been instructed to market the freehold of the former Mirchi Indian Restaurant at 1 High Street, Askern near Doncaster.
The property has a ground floor of around 1,670 sq ft with a self contained 2 bedroom flat above. To the rear is a small yard/car park.
Offers around £130,000 are required for the freehold interest.
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POSTED: 25 November 2010.
Studio Units Sold at Hawk Works in Sheffield
Acting on behalf of Kinloch Estates, Crosthwaite Commercial have sold 3 light industrial/studio units in Hawk Works on Mary Street, on 130 year ground leases.
The units provide unique workspace premises of 1,907 sq ft, 690 sq ft and 443 sq ft and were sold to local investors/occupiers at capital values of up to £83.50 per square foot.
2 further units of 1,100 sq ft and 1,806 sq ft remain and are being marketed by Crosthwaite Commercial at prices of £87,500 and £142,500 respectively.
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POSTED: 06 August 2010.
West One Retail Unit Available
Crosthwaite Commercial have been instructed to find a tenant for the former Prego unit in the West One shopping plaza at the top of Devonshire Green.
The unit provides a total of 2,220 sq ft on ground and mezzanine levels with extensive glazed frontages to both the Plaza and Cavendish Street. Further details are available on request.
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POSTED: 03 August 2010.
City Centre Chippy To Let!
Crosthwaite Commercial are looking for a tenant to take over a fully fitted fish and chip shop on Union Street in the heart of Sheffield city centre, opposite Sheffield Council's main administrative offices and just around the corner from Pinstone Street and The Moor.
The unit is read to move into and start trading immediately, and further details and viewing arrangements are available on request.
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POSTED: 01 July 2010.
Crosthwaite Commercial Celebrates 1st Birthday!
After rising from the ashes of Lane Walker Ltd, Crosthwaite Commercial celebrated their first year of trading on 1st July. An extremely busy but successful year has seen Crosthwaite Commercial boards spring up across the city on a wide range of office, industrial, retail and investment properties.
Notable successes during the first year include the letting of the 61,500 sq ft HeadQuarters office building to Capita and the subsequent sale of the investment to Ediston Opportunity Fund.
Crosthwaite Commercial are now building on this successful start and with the help of our excellent client base, we hope to continue this success throughout this second year.
Grateful thanks go out to all our clients, customers and friends who have supported us over the last 12 months!
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POSTED: 04 June 2010.
Crosthwaite Commercial 3rd in Sheffield League Table
Crosthwaite Commercial, in their first year of trading, have achieved 3rd place in the Estates Gazette's Sheffield agents league table, behind Knight Frank and BNP Paribas Real Estate, but in front of Lambert Smith Hampton, CB Richard Ellis and Savills. Martin Crosthwaite commented "This 3rd place came as a very pleasant surprise, particularly as we are coming up to the end of our first year. This table shows there is room in the city for small independant practices as well as the large multi-national agencies and I can only hope we can build on this excellent start and continue to make our mark on the Sheffield Property Market".
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POSTED: 03 June 2010.
2 Acre Ecclesfield Site Comes To Market
Crosthwaite Commercial have commenced marketing the Fisher Business Site on Green Lane, Ecclesfield. The site, which is less than a quarter occupied, currently generates an income of around £39,000 pa which could either be substantially increased by active management, or alternatively, there is potential for a comprehensive redevelopment for retail or business uses.
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POSTED: 01 June 2010.
New Shop Letting in Fulwood
Crosthwaite Commercial have completed the letting of 494 Fulwood Road to Party Animal, a specialist gift and pet supplies retailer. The unit is opposite the Rising Sun pub and a considerable amount of interest was received in the short period the premises were on the market.
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POSTED: 30 March 2010.
New Organic Fruit & Veg Shop for Hunters Bar
The Sharrow Marrow has opened at 268 Sharrow Vale Road, following a letting by Crosthwaite Commercial.
With traders already open nearby including butchers, bakers and a fresh fish mongers, a gap has now been filled by The Sharrow Marrow, providing organic and local fruit and vegetables, chutneys, spreads, juices etc.
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POSTED: 02 March 2010.
Surplus Commercial Street Offices To Let
Crosthwaite Commercial have been instructed by hlw commercial lawyers to let 2 floors of surplus office accommodation in their Commercial House headquarters.
The 3rd and 4th floors provide around 5,000 sq ft, the majority of which is at 3rd floor level, with a high specification including double glazed windows, suspended ceilings, comfort cooling and raised access floors. The offices are offered to let at a rent of around £9.00 psf on flexible lease terms.
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POSTED: 02 March 2010.
Energy Performance Certificates now available at Crosthwaite Commercial
Graduate surveyor, Matthew Austin, has joined Crosthwaite Commercial to assist in the day to day marketing of a wide range of commercial properties. Matthew is also a fully qualified Commercial and Domestic Energy Assessor and Crosthwaite Commercial are therefore now able to offer EPC's on the full range of commercial and domestic properties at competitive prices.
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POSTED: 09 February 2010.
Former Caffe Latino Shop To Let on Ecclesall Road
Following the recent closure of Caffe Latino on Ecclesall Road in Sheffield, Crosthwaite Commercial have been instructed to market their former premises on a new lease.
The property provides over 1,000 sq ft on the ground floor with a further 750 sq ft at first floor and rental offers are required around £29,500 per annum.
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POSTED: 15 January 2010.
Prime Shop Investment For Sale on Ecclesall Road in Sheffield
Crosthwaite Commercial have been instructed to sell a freehold shop investment on Sheffield's much sought after Ecclesall Road.
The property, occupied by Wizzard Guitars, provides ground floor retail space with residential at first and second floors, and is currently producing a rental of £20,050 per annum.
Offers in the region of £315,000 are required reflecting a net initial yield of just over 6%.
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POSTED: 09 January 2010.
Sheffield Industrial Investment Acquired for Clients
Acting on behalf of a private local investor, Crosthwaite Commercial have acquired the freehold investment of an industrial/office unit at Broadfields in Sheffield, let to Northend Printers.
The building comprises a total of around 18,400 sq ft, let at £88,000 pa and the price agreed was £900,000 reflecting a net initial yield of 9.25%.
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POSTED: 11 October 2009.
Crookes Investment Acquired for Clients
Acting on behalf of a private investor, Crosthwaite Commercial has negotiated the purchase of the freehold investment of Casanova Restautant at 200 Crookes, Sheffield.
The property is let at a rental of £25,000 per annum and a price in excess of £300,000 was agreed.
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POSTED: 29 September 2009.
Occupier sought for 20,000 sq ft new offices on London Road
Crosthwaite Commercial have been instructed by Barlow Group to let 20,000 sq ft of brand new offices on London Road in Sheffield, close to it's junction with the inner ring road.
To be named Green West, due to its environmentally friendly credentials, the building has been completed to be a shell finish, ready to take a tenants individual fit-out.
The building benefits from around 80 car parking spaces and offers an excellent opportunity to acquire modern offices with generous car parking close to the city centre and the varied environment of the London Road Shopping Centre.
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POSTED: 27 July 2009.
HeadQuarters Building on target for January 2010 completion
Crosthwaite Commercial are advising local property developers, Towers Investments, on the prominent new 61,500 sq.ft. HeadQuarters office building which is currently under construction on the Sheffield Parkway.
The entire building is pre-let to Capita and is to be occupied by Capita Hartshead, the country's leading pension administrator.
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POSTED: 01 July 2009.
Crosthwaite Commercial is Born!
After 12 years as a Consultant at Lane Walker and before that, 22 years working for J Trevor & Sons in London and Sheffield, Martin Crosthwaite has formed Crosthwaite Commercial. The practice will continue to work for a wide range of existing clients, all of whom have pledged their support following the Liquidation of Lane Walker, as well as expanding with many new companies and individuals already seeking assistance.
Crosthwaite Commercial will concentrate on the commercial property market primarily in the South Yorkshire and East Midlands region, dealing with disposals, acquisitions, rent reviews/lease renewals and valuations, as well as providing investment and development advice.
The aim is to create an independant professional practice concentrating on shops, offices and industrial premises, building strong relationships with clients and providing specialist and constructive advice on all aspects of commercial property.
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