90 Trippet Lane/8 Bailey Lane, Sheffield. S1 4EL
- Centrally located residential/student development opportunity
- Detailed planning permission for mixed use development
- Walking distance to the University of Sheffield
Property SummaryThe site is located to the north of Trippet Lane at the junction with Bailey Lane. The site is occupied by a 2-storey building and open yard to the rear. The existing building is red brick with a slate roof. The rest of the site is secure by a boundary wall. Access is from Bailey Lane.
The existing building footprint is 141m2 (gross external floor area), set within an overall site curtilage area of 268m2. Maximising viability of the available site, the new proposals will result in an overall building footprint of 258m2.
The existing building on the site was previously used as office space. Other existing buildings on Bailey Lane are warehouse brick structures that have been used as storage, garaging and other business uses.
The site is located at the north-east corner of the intersection between Bailey Lane and Trippet Lane, Sheffield, and set within the St George's Quarter of the City. The site is irregular in shape and tapers in width from the southern boundary facing onto Trippet Lane down to the northern boundary at the rear of the site.
It offers an excellent city centre location, within walking distance of the University of Sheffield. There are plans to widen the pavements on Trippet lane in the next couple of years to create what is referred to as the 'Golden Gateway to the University of Sheffield'.
The property is located a short walk (800 metres, 0.5 miles) from the new Sheffield Retail Quarter development, to be anchored by a new HSBC office, housing over 2,500 staff.
Sheffield benefits from excellent road connections, with the M1 (J33 and J34) approximately 6 miles to the north-east. Sheffield Train Station provides good rail links with frequent services north to Leeds and London and Birmingham to the south. Supertram and regular bus services provide good links throughout the city and its surrounds.
Robin Hood Airport is located 19km (12 miles) to the north-east of the city, handling more than 1m passengers each year.
Sheffield is the UK's fourth largest city, and the principal administrative centre within South Yorkshire. Bordering Derbyshire, the Peak District and the Pennines, it is located approximately 56km (35 miles) to the south of Leeds, 67km (42 miles) east of Manchester and 270km (168 miles) north of London.
The population of Sheffield was 551,800 in the 2011 Census, making it the third largest metropolitan authority in England. There has been a substantial increase in the 20-24 age bracket due to the large increase in the number of students at the University of Sheffield and Sheffield Hallam University.
The site benefits from detailed planning permission granted by Sheffield City Council on 1st June 2018, application number 18/00386/FUL.
It has planning for the demolition of the existing building and erection of a seven-storey (plus basement) mixed-use development comprising 63 no. student bedrooms in 13 clusters over six storeys, with commercial use on the ground/lower floor and cycle storage. The preference is student accommodation but the planning isn't specified so could work for student or BTR/small PRS.
Method of Sale
For sale by way of Private Treaty. We do however reserve the right to conclude marketing by way of an informal Tender Process.
This property is available to view from the roadside, but we request interested parties do not access the site. The property will not be available for viewing internally at this stage.
Offers in excess of £850,000 are invited on a conditional and unconditional basis.