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Leopold Square Leopold St 57,372 sq ft 86% Let Retail Property Sheffield S1 2JG £6,400,000 (£111.55/sq ft) 10.55% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Prime city centre location adjacent to £470m regeneration zone
  • Anchored by a 90-bed boutique hotel and national restaurant brands
  • Grade II listed buildings with modern glass extension

EXECUTIVE SUMMARY

Leopold Square presents a rare opportunity to acquire a landmark leisure investment in the heart of Sheffield city centre. This Grade II listed ensemble of Victorian school buildings, transformed into a vibrant hospitality destination in 2007, offers a compelling blend of architectural character and modern functionality. The scheme comprises six restaurant/bar units, a striking three-storey glass building housing two additional restaurants and a fully refurbished office suite, and is anchored by a 90-bed boutique hotel (sold off long leasehold).
Positioned adjacent to the £470 million ‘Heart of the City’ regeneration zone, Leopold Square benefits from exceptional connectivity, with the City Hall tram stop directly opposite and Sheffield’s mainline station just a short walk away. The property’s external terraces and public square foster a dynamic outdoor trading environment, aligning with Sheffield’s identity as the UK’s greenest city and a cultural hub for music, theatre, and festivals.
The asset generates a net rental income of £720,300 per annum, supported by rent guarantees on vacant units, and offers a WAULT of 9.9 years. Tenants include national operators such as Wagamama, Zizzi, and Pho, alongside successful independents like Cubana and Bamboo Door. With vacant units ready for occupation and further asset management potential, this acquisition offers both stability and upside. Offers are invited in excess of £6,400,000, reflecting a net initial yield of 10.55% after costs.

ATTACHMENTS

Brochure

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
57,372 sq ft
Costar Property Class
B
Year Built/Renovated
1853/2008
Price
£6,400,000
Price per sq ft
£111.55
Yield
10.55%
NOI
£675,200
Occupancy Rate
86%
Tenancy
Multiple
Number of Floors
3
Floor To Floor Height
9 ft
Plot ratio
0.90
Total Plot Size
1.46 ac
Frontage
277 ft on Leopold Sq

AMENITIES

  • EPC - D
  • Storage Space
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • Unit 5
  • 2,012 sq ft
  • Retail
  • In-Line
  • Now

The property is well presented and fitted to include a bar and seating area at ground floor, a large kitchen and WC’s at first floor level, and a large open plan dining area/ bar at second floor level, together with additional WC’s. The premises also benefit from a large outside seating area, overlooking the Square.

Space Size Space Use Position Available
Unit 5 2,012 sq ft Retail In-Line Now

Unit 5

Size
2,012 sq ft
Space Use
Retail
Position
In-Line
Available
Now

Unit 5

Size 2,012 sq ft
Space Use Retail
Position In-Line
Available Now

The property is well presented and fitted to include a bar and seating area at ground floor, a large kitchen and WC’s at first floor level, and a large open plan dining area/ bar at second floor level, together with additional WC’s. The premises also benefit from a large outside seating area, overlooking the Square.

NEARBY MAJOR RETAILERS

All Bar One
Costa Coffee
Caffè Nero
Tesco
Sainsbury's
The Co-operative Bank
Virgin Money
Bank Of Scotland
Cosy Club
Turtle Bay
  • Listing ID: 37958253

  • Date on Market: 06/10/2025

  • Last Updated:

  • Address: Leopold St, Sheffield S1 2JG

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