Clifton Agency are pleased to announce the acquisition of the NCP Car Park on Wellington Street, Sheffield on behalf of Town Centre Securities PLC and CitiPark. This 449-space multi-storey car park, is located in the heart of Sheffield City Centre adjoining the prime retail pitch and 190,000 sq ft offices let to HSBC and CMS Law. The property was refurbished in 2020 and is let to NCP for a further 14 years with annual RPI linked uplifts.
Jacob Ziff commented:
“It has been great to work with TCS and CitiPark to acquire this prominent car park in Sheffield. The high yielding purchase offers TCS an attractive, RPI linked, income profile as well as asset management opportunities to maximise value from the asset.”
For further information on this deal, or to discuss similar requirements, please get in touch with the team at Clifton Agency.
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