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Create Alert Results - Retail Auction properties near Craig-Y-Don, WF12 Sorry, we currently do not have any listings in 0 miles of Craig-Y-Don, WF12 - Please find below the nearest listings available.

Features
Prime long leasehold retail investment
Excellent Covenant Strength
Let to Paddy Power
Passing rent of £35,000 pa
Gross initial yield of 5.85% based on guide price
New FRI Lease for 15 years
Five yearly upwards only rent reviews
Ground floor premises
Nearby occupiers include Nationwide, Natwest and Marks & Spencer

Location
The property occupies a prominent corner position on Market Hill and Eldon Street, within the busy town centre of Barnsley, a large town in South Yorkshire. Barnsley is located equal distance between Sheffield and Leeds, and is easily accessed by Road via the M1 motorway.
Occupiers in the immediate vicinity include Santander Bank, Barclays Bank, Marks & Spencer, The Co-operative Travel and Greggs Bakers. Barnsley Market place is adjacent to the premises, and a pedestrianised area leads to a busy high street which has a good selection of local and national retailers.
The town has a growing population of around 100,000

Description
The ground floor is currently being used for retail purposes, occupied by Paddy Power.
The building is of a traditional stone construction, still retaining many of its original period features, making this an attractive property which has been well maintained over the years. The accommodation offers a return frontage on to Eldon Street.

Investment Analysis
The property was recently let to Paddy Power at a passing rent of £35,000 pa, representing a gross initial yield of 5.83% based on the guide price.
The lease is full repairing and insuring for a term of 15 years, and is subject to five yearly upwards only rent reviews. The lease provides for five yearly tenant break clauses.
The freehold can be purchased by way of separate negotiation.

Services
We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure
Long leasehold – 999 year lease.

VAT
No VAT applicable on this lot.

Buyers Premium
2% (min. £2,500) plus VAT

Viewing
To arrange to view the property please contact a member of the John Pye Property team on 0115 970 6060
30, Market Hill, Barnsley, S70 2QE
Retail Investment – 999 Year Lease Let To Paddy Power – 15 Years FRI Lease Current Rent of £35,000 pa
Type: Retail
Location: 30 Market Hill, S70 2QE
Images: 4
Brochures: 1
View Property
High profile Showroom premises
Over 5,000 sq ft on three levels
Previously marketed at £300,000
ERV approx. £26,000
Large roof space with potential for fourth floor
Separate front entrance to first floor
Large basement with vehicular access at the rear
High profile main road position
Developing area
Comprehensive facilities in Stocksbridge including Fox Valley
A full copy of the EPC will be available to view via our website

Ground Floor
Retail 126.12 square meters (1357 sq ft)
Office 18.72 square meters (201 sq ft)
Storage 34.07 square meters (366 sq ft)
Kitchen 11.32 square meters (122 sq ft)
Rear Store and shutter door access

TOTAL 190 sq m (2,045 sq ft)

First Floor
Landing
Office 54.02 square meters (9581 sq ft)
Office 25.71 square meters (277 sq ft)
Office 20.73 square meters (223 sq ft)
Storage 33.97 square meters (365 sq ft)
Kitchenette 4.30 square meters (46 sq ft)
Shower Room W/C 3.10 square meters (33 sq ft)

TOTAL 141.83 sq m (1,526 sq ft)

Attic Storage
TOTAL 29 square meters (312 sq ft)

Lower

Ground Floor
TOTAL 101.42 sq m (1091 sq ft)

Outside
The property occupies a site of approximately 465 square metres (0.12 acres) with rear access and yard

Viewing:
By appointment with Jake Bond - jake@markjenkinson.co.uk 07715 214572
8-10, Manchester Road, Sheffield, S36 2RD
VACANT SHOWROOM AND DEVELOPMENT OPPORTUNITY
Type: Retail, Showroom, Other Property Types & Opportunities
Location: 8-10 Manchester Road, S36 2RD
Images: 3
Brochures: 1
View Property
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