Central Sheffield offices snapped up by savvy investor

12 March 2014

A renowned building in Sheffield’s Cathedral Quarter has been snapped up by a savvy investor to tap into renewed growth for quality office space in the city centre.

The Synergy building, between Campo Lane and Bank Street, has been purchased by a client of Sheldon Asset Management, following refurbishment and the creation of suites ranging from 1,500 to 7,200 sq ft, aimed squarely at making quality city-centre space accessible to a much wider market.

The building, situated in the heart of Sheffield’s legal and professional hub and yards from its main shopping thoroughfare, is being marketed by the Sheffield offices of Knight Frank and Campbell and Co, and is fully DDA compliant, has manned reception, secure on-site parking and new shower facilities.

Tim Bottrill, Partner at the Sheffield office of Knight Frank, said: “The 65,679 sq ft Synergy building incorporates both Belgrave and St Peter’s House and is situated in a prime location.

“Synergy aims to tap into renewed market activity and is a strong addition to Sheffield’s property portfolio, offering superb access to the city centre, the city’s transport hub and the motorway network, but with a key focus on amenability to generate interest from a diverse and contemporary tenant base.

“Under its new ownership, the property offers some of the most desirable office space in the city centre which was traditionally only accessible to relatively large, corporate tenants. Because the city now has a much more diverse business mix, the new owner has taken the forward-thinking step to encourage a broader range of potential tenants through amenable and flexible terms.

“The building, which offers dual frontage onto Bank Street and Campo Lane, could now be of interest to emerging and established businesses from the CDI sector for example, offering a crucial, central headquarters. Synergy also benefits from on site parking, wifi to common areas and 24 hour access.

“The building is located in the traditional professional core of Sheffield city centre and as such, will also appeal to financial, legal and growing SME companies looking to relocate into higher specification accommodation.”

The Synergy office suites are being let on flexible terms and prospective clients could be rubbing shoulders with existing tenants including Lupton Fawcett, Thompsons Solicitors and Prospects and Waterman.