Fletchers Bakeries - Industrial for sale in Sheffield

Fletchers Bakeries Limited is one of the most diverse and highly efficient bakery manufacturers in the UK to both the retail and foodservice industries, producing 120 million products per year.. Fletchers Bakeries is a significant employer in the local area, with approximately 400 staff, covering nine high volume manufacturing lines, producing a wide variety of products.. The site has been occupied by Fletchers Bakeries since the early 1970s, and has received significant investment over the years, including a brand new buns & rolls line installed in 2022.. Well located with good access to Sheffield city centre and to the A61, providing connections to the north via the M1.. The surrounding area is mixed-use with industrial, commercial and leisure uses immediately surrounding the property and residential use across the wider area.. The property has a Gross Internal Area of 221,652 sq ft across a manufacturing facility comprising a series of interconnected buildings and a two-storey office building.. The site totals around 10.67 acres (4.32 ha) and a site coverage of circa 41%.. A new 25 year lease to Fletchers Bakeries Limited, with tenant only break options on the 10th, 15th and 20th anniversaries.. Five yearly upward only rent reviews to the higher of the open market rent or compounded CPI (1.0%-3.0% annual collar and cap),subject to an overall cap of 15.927%.. The initial rent will be £625,000 per annum equating to £2.82 psf.. Fletchers Bakeries Limited has a turnover of £117.6m and an EBITDA of £8.17m.. The lease will be guaranteed by Finsbury Food Group Limited who have a turnover of £452m and D&B rating of 5A1.. Freehold. OVERVIEW Highly successful and well established manufacturing facility in north Sheffield As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.