46 Tennyson Road, & Ground Rents Relating To 34 to 50 Tennyson Road, Barnsley, South Yorkshire S71 2LX
- PROPERTY TYPE
Commercial Property
- SIZE
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Description
Auction Commencing on Monday 13th October at 1pm and ending 24 hours later on Tuesday 14th October at 1pm with Auction House South Yorkshire
Please register to bid via our website - auctionhouse.co.uk/southyorkshire
Fully Let Retail Unit with Additional Ground Rent Income — Proven Yield Opportunity
A mixed commercial and ground rent investment comprising a ground-floor retail unit of approximately 681 sq ft (63.3 sq m), situated within a well-established parade. The property is currently let on a 3-year commercial lease to Tennyson Optical Limited, commencing 1st May 2020, with the tenant now holding over. The lease generates £7,440 per annum at present, set to increase to £8,640 per annum from the beginning of 2028.
Additionally, the ground rents are secured against the adjoining commercial units within the parade, the residential flats above, and the parking area/garages to the rear — each subject to varying terms. Full details will be provided within the Legal Pack.
The property occupies a prominent position on a well-established local parade on Tennyson Road, Monk Bretton, to the north-east of Barnsley town centre.
Tenure: Freehold
EPC Rating: see legal pack
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
46 Tennyson Road, & Ground Rents Relating To 34 to 50 Tennyson Road, Barnsley, South Yorkshire S71 2LX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnsley Station0.8 miles
- Dodworth Station3.1 miles
- Darton Station3.3 miles
Notes
Disclaimer - Property reference 202509251332sq_00oa. 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 Auction House, South Yorkshire. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, South Yorkshire on 0114 697 5583.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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