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10 bedroom block of apartments for sale

Regent Street, Barnsley, S70

£495,000

Property Description

Key features

  • Grade II listed building
  • 9 duplex apartments on ground, second and third floors

Full description

Tenure: Freehold

Positioned 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.


GROUND 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.


SECOND FLOOR
Apartment 4 - 1 bed duplex 458 sq. ft.
Apartment 5 - 1 bed duplex 420 sq. ft.
Apartment 6 - 1 bed duplex 429 sq. ft.


THIRD FLOOR
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.




Tenure
Freehold


LEASE/PURCHASE OPTION
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.


Viewings
By prior appointment with our Barnsley office 01226 288920 or our Principal - Ian Butcher 07540 724518.







To view this property or request more details, contact:

Butcher Residential Ltd, Barnsley

13 Regent Street, Barnsley, S70 2EG

01226 498010 Local call rate

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Disclaimer

Property reference BARN1322. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Butcher Residential Ltd, Barnsley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.