Commercial property for sale in Granby House, High Street, Bawtry DN10

£995,000 (£264.98/sq. ft)
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Commercial property for sale

3,755 sq. ft*

Property description

Key Points

  • Modern ground floor convenience store investment let to Sainsburys
  • Located in Bawtry, a popular market town location in South Yorkshire
  • Passing rent of £61,979 pa, rising to £73,612 pa from 19th November 2024 (once the rpi index kicks in)
  • First class tenant covenant: Sainsbury’s Supermarkets Ltd
  • Located on a busy High Street in a sought after location
  • Description

    The property was built approximately a decade ago and arranged over ground floor only, providing a retail premises occupied as Sainsburys Local. The internal accommodation includes a sales area, stores and ancillary accommodation to the rear. The property forms part of a larger residential block of nine flats, which is not part of the sale.

    The property benefits from car parking spaces to the side and rear.

    Location

    The property is located on High Street in Bawtry town centre, South Yorkshire. Bawtry is considered an upmarket location with a variety of boutiques, restaurant, pubs, hotels, cafes, and independent & national retailers.

    The property is situated on the High Street close to its junction with Station Road in a central location. Bawtry is located 11 miles south east of Doncaster and approximately 2 miles from the A1 motorway network.

    Tenure

    The property is held on long leasehold for 999 years from 1st January 2014 at a peppercorn.

    Price

    £995,000. We are informed VAT is payable on the price. A purchase at this level reflects a Net Initial Yield of 5.89% after allowing for purchaser costs, and 7% yield from 19th November 2024.

    Identity Checks

    In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser.

    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
    SMC Chartered Surveyors, S1 on +44 114 446 9322 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SMC Chartered Surveyors, and do not constitute property particulars. Please contact SMC Chartered Surveyors 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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