20 September 2023: Wednesday 20 September 2023 - 9:00am
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    Key features

    • High Yielding Retail Investment
    • Let to Savers - Producing £28,700 per annum
    • Lease Expires 24/03/2028
    • Sublet for £33,500 per annum
    • Asset Management Potential
    • Guide Price Reflects Gross Yield of 14.4%
    • An approx. 4,500 sq ft (418.06 sqm)

    Description

    The property comprises two retail units that have been combined to provide a large single unit with a prominent double frontage to Barnsley Road.

    The accommodation includes sales space to the ground floor, with staff areas and storage to the upper parts. The property is currently let in its entirety to Savers Beauty Limited on a lease expiring 24/03/2028 and producing a rent of £28,700 per annum.

    The property is prominently located on Barnsley Road, a popular secondary retail location with occupiers including William Hill, Boots, Specsavers, Greggs, and Card Factory. Transport links are provided by South Elmsall train station 0.3 miles and Moorthorpe train station 0.7 miles. By road the property is only 0.8 miles from the A638, this offers great transport links onto the A1 (M).

    Additional information

    Accommodation

    An approx. 4,500 sq ft

    Tenancy

    The property is let to Savers Beauty Limited on a full repairing and insuring lease expiring 24/03/2028 and producing a rent of £28,700 per annum.


    There is an underlease in place to Superdrug on the same terms with the exception of the rent, which is £33,500. We therefore consider the property to be reversionary.


    There is a tenants break option in 24/03/2026.

    Rent

    £28,700
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Transport
      • South Elmsall train station 0.3 miles
      • Moorthorpe train station 0.7 miles

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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