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Commercial Property for sale

Racecommon Road, Barnsley, S70

Sold STC £200,000

Property Description

Full description

FOR SALE
INVESTMENT PROPERTY


ESTABLISHED DENTAL SURGERY WITH A NEW 15 YEAR LEASE CLOSE
TO BARNSLEY TOWN CENTRE

Executive Summary - Long established Dental Surgery located on the edge of Barnsley Town Centre
New FRI 15 year lease from 31st January 2018 to AJ Cale Ltd with personal guarantors
Passing rent of £12,500 pa with open market rent reviews at years 5 and 10
Offers around £200,000 which shows a net initial yield of 6% following the deduction of the usual purchasers costs.

Location - The property is located on Racecommon Road, close to the junction with the Town End Roundabout (A628) in Barnsley Town Centre. The property is adjacent to Kwik Fit and William Hill.There is a high concentration of residential properties in the immediate vicinity.

Description - The property is a two storey brick built building which fronts Racecommon Road. To the ground floor there is a large reception area with two treatment rooms, store and w.c. At first floor level there is a large waiting area, treatment room, staff room, kitchenette and w.c. There is on street parking immediately in front of the property and to the side.

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

GROUND FLOOR 630 sq ft (58.54 sq m)
FIRST FLOOR 660 sq ft (61.48 sq m)
TOTAL1,290 sq ft (120.02 sq m)

Tenancy - The property is let on a full repairing and insuring lease to A J Cale Limited with Jonathan Schonberg and Gabriele Staneviciene acting as guarantors. The lease is for a term of 15 years from 31st January 2018 with open market rent reviews at years 5 and 10.

The current passing rent is £12,500 per annum.


The building has been used a Dental Surgery since 1976. A J Cale Ltd is long established Dental practice the owners of the business have a chain of 16 surgeries.

Vat - The property is not elected for VAT therefore will not be payable on the purchase price.

Epc - The property has a rating of C. A full copy of the Energy Performance Certificate is available upon request.

Proposal - The purchase price is £200,000 (two hundred thousand pounds) which shows a net initial yield of 6% 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 -

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