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VAT is not applicable to this property
Tenant have been in occupation since 1994
Total area size of 405 sq m (4,366 sq ft)
Rear yard area included
Investment Consideration: Gross Initial Yield: 6.06% Rental Income: £30,000 p.a. VAT is not applicable to this property Comprises large supermarket at ground floor and six residential flats above, which have been sold on long leasehold Tenant have been in occupation since 1994 Rear yard area included Occupiers nearby include takeaway, hair studio, barbershop and fish and chips shop
Property Description: The property comprises detached block and consist of large supermarket at ground floor and six residential flats above, which have been sold on long leasehold. The property benefits from rear yard.
The property provides the following accommodation and dimensions: Ground Floor: Supermarket 405 sq m (4,366 sq ft)
Tenancy: The Ground Floor Supermarket (No. 7-29) is at present let to One Stop Stores Limited for a term of 15 Years from 25th April 2021 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Open market rent review on 26th April 2026 and 2031. Option to determine on 26th April 2028 and 2033. The First/Second Floor Flats have been sold on long leasehold for a term of 999 Years from 29th September 1997 at a ground rent of peppercorn. Retail tenants have been in occupation since 1994
Location: Barnsley is a large market and college town in South Yorkshire, England. The town is surrounded by several towns and villages, which together form the Metropolitan Borough of Barnsley, of which Barnsley is the administrative centre. The town is on the M1 motorway and Barnsley Interchange. The main transport hub is Barnsley Interchange, a combined rail and bus station that was opened on Sunday 20 May 2007. Stagecoach Yorkshire run most bus services within Barnsley, operating to and from Barnsley Interchange. Occupiers nearby include takeaway, hair studio, barbershop and fish and chips shop.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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