Historic Hillsborough Barracks sold to investor

The grade two listed Hillsborough Barracks comprises a shopping parade with converted offices and separate office buildings. It was sold off an asking price of 4.2m.

The 11.5 acre walled estate was originally used as a War Office in 1848 and was repurposed 40 years ago as a retail and business destination, with multi-storey car park, local shopping parade, offices, The Garrison Hotel and McDonalds, both of which have long leasehold.

Also included in the sale is Dragoon Court, an office building that has planning permission to be converted into 32 one-bedroom apartments.

The Parade, which was sold by Opus North, is anchored by Morrison’s, which was not included in the sale, and has a mix of high street and independent traders, including Poundland and Extra Care Charity Trust.

Joe O’Keefe, of Evolve Estates, said: “We’re pleased to have completed the acquisition of this superb mixed-use site in Sheffield, which has a strong retail centre, a good office complex offer, and excellent transport links to the city centre and local residential areas.

“We recognised the huge potential of this site, so were keen to bring it into our increasing portfolio of local district centres.”

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James Mitchinson