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Maltby - Freehold Retail Investment

For sale: £125,000.00|879 Sq Ft|Retail, General Retail, Retail - High Street

Property details

FOR SALE£125,000.00
SIZE879 Sq Ft
ADDRESS114 High Street, Maltby, Rotherham, South Yorkshire, S66 7BN
TYPERetail, General Retail, Retail - High Street
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th November 2021

Description

Investment Consideration:
Gross Initial Yield: 6.80%
Rental Income: £8,500 p.a.
VAT is NOT applicable to this property
Prominent High Street Location
Premises forms part of busy local retail parade
Comprises ground floor shop with ancillary accommodation at first floor
Tenant in occupation since 2011
Total area size of 81.62 sq m (879 sq ft)
Nearby occupiers include Co-Operative Food, Lloyds TSB, Fulton Foods, Coopland Bakers, Age UK and Jobcentre Plus.

Property Description:
The property comprises ground floor shop, currently operating as estate agents with ancillary accommodation at first floor. There is access to the rear of the building which leads to an additional shared car parking area.

The property provides the following accommodation and dimensions:
Ground Floor: Estate Agents 54.70 sq m (590 sq ft)
First Floor: Ancillary/Office: 26.80 sq m (289 sq ft)
Total area size: 81.60 sq m (879 sq ft)

Tenancy:
The property is at present let to Merryweathers (Rotherham) Ltd t/a Estate Agents for a term of 4 years from 22nd September 2017* (Holding Over) at a current rent of £8,500 per annum and the lease contains full repairing and insuring covenants.
*Note – Lease extension to the Main Lease which started on 22.09.2011

Location:
Maltby is located 6 miles east of Rotherham and 35 miles south-east of Leeds city centre. The town benefits from its proximity to the M18/M1 intersection which is 4 miles to the north-east. The property is situated at the eastern end of the High Street and forms part of a prominent shopping parade after the junction of High Street with Granger Lane, Tickhill Road and Muglet Lane. Occupiers close by include Co-Operative Food, Lloyds TSB, Fulton Foods, Coopland Bakers, Age UK and Jobcentre Plus.

Location

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Location: 114 High Street, Maltby, Rotherham, South Yorkshire, S66 7BN

Conisbrough (4.5 miles)

Mexborough (6.0 miles)

Kiveton Park (6.2 miles)

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