Wake Smith Solicitors has acted for GPF (NOH) Ltd on the purchase of a central Sheffield office building.
Corporate director Rebecca Robinson dealt with the equity investment details for GPF (NOH) Ltd on New Oxford House while commercial property director Neil Salter handled the building acquisition.
The building on Barkers Pool was bought for an undisclosed sum by GPF (NOH) Ltd as an equity investment purchase from Nationwide Building Society, who will continue to lease the ground floor along with health and wellbeing store Holland & Barrett.
Neil Salter, director in the commercial property team at Wake Smith said: “It’s fair to say that there were a number of challenges in achieving exchange and completion, but we believe that we worked well with GPF and Nationwide’s solicitors to get to where we needed to be: the location of the property is remarkable.”
Six floors of open plan office space, above the retail space, totalling more than 21,000 sq ft, is now undergoing total refurbishment through a £1m investment programme, and is available to rent, after previous occupiers Nationwide and Arup, relocated.
GPF (NOH) Ltd director Jonathan Vardy said: “This is a fantastic location and we believe a quality office refurbishment scheme will fill a gap in the market for this type of space. We are also keen to secure an exciting retail occupier for the vacant part of the ground floor.”
The refurbished offices, being marketed by Tim Bottrill at Colloco, are available on a floor by floor basis or a whole, and benefit from a city centre location, internal kitchens, double glazing, and toilets located in the central core of the building.
Additionally, New Oxford House will receive a new fully glazed office entrance and refurbished reception area. The building is also linked to the District Heating Network offering a green and cost effective method of heating offices.
Tim Bottrill added: “The refurbishment started immediately following the acquisition and the space will provide modern, contemporary office space in arguably, one of the most exciting locations in Sheffield City Centre.
“The space is able to accommodate a range of businesses, offering suites from 1000 sq ft up to the full floors of 3600 sq ft, or multiple floors and we have already agreed terms with a well known financial services company, who will be moving into the first floor in August.
“We have strong interest in other floors and are confident that our client’s investment and commitment to the building and Sheffield will be a success.”
New Oxford House is a recognisable building with frontage on the Barkers Pool area ,adjacent to the new Heart of the City regeneration project, Fargate and Leopold Square ensuring new occupiers’ employees and clients can enjoy excellent amenities and transport links with close proximity to the bus, tram and railway network.
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