Commercial property for sale
66-70 High Street, Mexborough
Guide Price
£110,000
£36.18 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,040 sq ft
282 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding, Multi-Let, Mixed Use Investment
- Three Ground Floor Retail Units with a Further Commercial Unit to the uppers.
- Currently let to 2 x retail tenants and tenant to the upper floor
- Evident Asset Management potential via letting of the vacant retail unit
- ERV of the vacant unit approx £7,200 p.a
- 3,040 sq ft (282.6 sqm)
- Prominent Town Centre Location
- Investment Let at £18,000 p.a. (16.3% GIY on Guide Price)
- ERV Reflects 22.9% Gross Yield
Description
The property comprises a high yielding, mixed-use investment opportunity occupying a prominent position in the heart of Mexborough.
Arranged across ground and first floor, the accommodation provides three retail units to the ground floor with a further commercial unit to the first floor.
The property is let to three separate tenants, with the a ground floor retail unit currently vacant. The total aggregate rent is £18,400 per annum - Please see the below Tenancy Schedule and Legal Pack for more information.
We consider the property offers evident asset management potential via letting of the vacant retail unit. We understand the estimated rental value of the vacant unit to be in the region of £7,200 p.a
The property benefits from a prominent position fronting the pedestrianised High Street, that is Mexborough’s principle retail thoroughfare. Nearby retailers include, Specsavers, Heron Food, J.D Weatherspoon’s and a number of independents.
Arranged across ground and first floor, the accommodation provides three retail units to the ground floor with a further commercial unit to the first floor.
The property is let to three separate tenants, with the a ground floor retail unit currently vacant. The total aggregate rent is £18,400 per annum - Please see the below Tenancy Schedule and Legal Pack for more information.
We consider the property offers evident asset management potential via letting of the vacant retail unit. We understand the estimated rental value of the vacant unit to be in the region of £7,200 p.a
The property benefits from a prominent position fronting the pedestrianised High Street, that is Mexborough’s principle retail thoroughfare. Nearby retailers include, Specsavers, Heron Food, J.D Weatherspoon’s and a number of independents.
66-70 High Street, Mexborough
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Mexborough Station0.2 miles
- Swinton (S. Yorks.) Station0.8 miles
- Bolton-on-Dearne Station1.9 miles
Notes
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Disclaimer - Property reference 6B621780-0F86-40D8-A3A8-1D5C93B5185B. 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 Savills, Savills Auctions- Commercial. 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.
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