Commercial Property for sale

Rotherham Road, Barnsley, S71

Sold STC £345,000

Property Description

Full description

MULTI LET COMMERICAL INVESTMENT OF THREE PROPERTIES FULLY LET PRODUCING AN INCOME OF £28,920 PER ANNUM

Executive summary
Three commercial properties with established tenants located on a busy main road approx. 2 miles from Barnsley Town Centre.
Passing rent of £27,720 pa
Offers around £345,000 which shows a net initial yield of 7.75% following the deduction of the usual purchasers costs.

Executive Summary - Three commercial properties with established tenants located on a busy main road approx. 2 miles from Barnsley Town Centre.
Passing rent of £27,720 pa

Offers around £345,000 which shows a net initial yield of 7.75% following the deduction of the usual purchasers costs.

Location - The property is located on A633 Rotherham Road, close to the junction with A61 Wakefield Road, approximately 2 miles North East of Barnsley Town Centre.

There is a high concentration of residential properties in the immediate vicinity with a Farmfoods store neighbouring the property.

Description - The investment comprises of three properties, 106 Rotherham Road is a detached single storey brick building with main road frontage. The property is well presented and currently used as a beauticians. There is a reception area, small office, four treatments rooms, kitchen/staff break out area and WC. There is parking for 4-5 cars to the front.

106a/b is a detached two storey property located to the rear of 106, it is a brick built property with pitched roof. The ground floor is currently trading as a hairdressers, and to the main is open plan with staff break out area and WC.

The first floor is training rooms and offices, which is fully open plan with kitchenette. It is well presented with a good level of natural light from a number of Velux windows and benefits from mid height trunking and suspended ceilings

There is a shared car parking area to the front and side of the property.

Planning permission has recently been granted to extend 106 Rotherham Road and add a first floor and extend the property to the rear which will create another ground floor unit. A copy of the plans are available upon request or can be seen on the Barnsley Metropolitan Borough Council planning website.

Accomodation - The property has been measured in accordance with the RICS Code of Measuring Practice and has the following net internal areas.

106 Rotherham Road -875 sq ft (81.40 sq m)
106a Rotherham Road-910 sq ft (84.38 sq m)
106B Rotherham Road - 900 sq ft (83.44 sq m)
TOTAL2,685 sq ft (249.22 sq m)

Tenancy - The properties are let on Law Society Leases. Details below;

ADDRESS TENANT TERM RENT USE
106 Rotherham La Rouge Beauty 5 year lease £9,720 PA Beauty Salon
Road Clinic Limited expiring 31st
March 2019

106a Rotherham Tami Knaggs 7 year lease £6,000 PA Hairdressers
Road Expiring 31st
August 2020

Tenancy - The properties are let on Law Society Leases. Details below;

ADDRESS TENANT TERM RENT USE
106 Rotherham La Rouge Beauty 5 year lease £9,720 PA Beauty Salon
Road Clinic Limited expiring 31st
March 2019

106a Rotherham Tami Knaggs 7 year lease £6,000 PA Hairdressers
Road expiring 31st
August 2020

106b Rotherham Peach Orator 7 year lease £12,000 PA Offices
Road Ltd expiring 31st
July 2020

Vat - The property is elected for VAT.

Epc - A full copy of the Energy Performance Certificate is available upon request.

Proposal - The purchase price is offers around £345,000 (three hundred and forty five thousand pounds) which shows a net initial yield of 7.75% following the deduction of the usual purchasers costs.

Viewings - For viewings and further information please contact Gina Powell on 01226 731730 or gina.powell@simonblyth.co.uk

Subject To Contract -

Location -

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More information from this agent

Nearest stations

  • Barnsley (1.4 mi)
  • Darton (2.8 mi)
  • Dodworth (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Simon Blyth, Holmfirth

Fairfield House 29 Hollowgate, Holmfirth, HD9 2DG

01484 977034 Local call rate

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Map & Street View

Nearest stations

  • Barnsley (1.4 mi)
  • Darton (2.8 mi)
  • Dodworth (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Simon Blyth, Holmfirth

Fairfield House 29 Hollowgate, Holmfirth, HD9 2DG

01484 977034 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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