Retail premises for sale in High Street, Maltby S66

Fixed price £125,000 (£142.21/sq. ft)
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Retail premises for sale 879 sq. ft*
Tenure: Not available Council tax band: Not available

Property features

  • Prominent High Street Location
  • Premises forms part of busy local retail parade
  • Tenant in occupation since 2011
  • Total area size of 81.62 sq m (879 sq ft)

Property 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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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