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10 bedroom block of apartments for sale
Regent Street, Barnsley, S70
- Grade II listed building
- 9 duplex apartments on ground, second and third floors
Tenure: FreeholdPositioned in the heart of Barnsley's professional community, this impressive Grade II listed building was sympathetically restored approximately 6 years ago to create 9 duplex 1 and 2 bedroomed apartments. The scheme currently generates £37,800 income per annum, this being based on a lease/purchase option due to expire on 26th November 2014.
There are 3 floors within the scheme with 3 apartments per floor.
Apartment 1 - 1 bed duplex 455 sq. ft.
Apartment 2 - 1 bed duplex 443 sq. ft.
Apartment 3 - 1 bed duplex 442 sq. ft.
Apartment 4 - 1 bed duplex 458 sq. ft.
Apartment 5 - 1 bed duplex 420 sq. ft.
Apartment 6 - 1 bed duplex 429 sq. ft.
Apartment 7 - 1 bed plus occasionlal bed suplex 525 sq. ft.
Apartment 8 - 1 bed duplex 432 sq. ft.
Apartment 9 - 1 bed duplex 458 sq. ft.
Services, mains water, drainage and electricity are laid to the building, each apartment being heated by way of background electric heaters.
The scheme is currently subject to a 4 year Lease purchase option dated 26th November 2010, the rent of £37,800 paid quarterly. We are advised that the option to purchase will not be exercised therefore enabling the successful purchaser to acquire the Freehold unencumbered.
By prior appointment with our Barnsley office 01226 288920 or our Principal - Ian Butcher 07540 724518.