Broomhill Shopping Centre: 'considerable interest' expected as Sheffield site up for auction for £5.8m

Home to major occupiers including Sainsbury’s Morrisons, Costa and Boots, as well as a number of charity shops, the Broomhill Shopping Centre is set to go under the hammer Allsop’s commercial auction on October 7.

The property has a guide price of £5.8m and generates a current rental income of £539,193 per annum.

David Margolis, partner at Allsop Commercial Auctions, said: “We expect considerable interest in The Broomhill Shopping Centre, which is well located and connected, with a strong mix of national occupiers and established local tenants.

“It also offers attractive asset management opportunities. Assets of this scale and quality rarely come to market.”

The shopping centre occupies a prominent position in Broomhill, one of Sheffield's most established suburban retail destinations, serving a mix of affluent local residents and the sizeable student population associated with the nearby University of Sheffield.

Situated on Fulwood Road (A57), close to its junction with Whitham Road, the freehold shopping centre extends to 3,680.77 sq m (39,619 sq ft) and comprises 12 shops, two supermarkets/convenience stores, rear servicing facilities and rooftop parking for approximately 65 cars.

It comes after the site recently welcomed a new St Lukes Vintage store, which re-located from just around the corner.

Speaking ahead of the opening in July, Jo Lenton, St Luke’s chief executive and chief nurse, said: “We’re delighted to announce our new Broomhill Vintage Shop - which is a real step up for Sheffield’s eco‑conscious shoppers and vintage hunters.

“Since we first opened our doors back in 2016, this shop has become a staple for local vintage lovers and sustainable shoppers.

The auction from Broomhill Shopping Centre will also be livestreamed on Allsop's website.