June 2023: Wednesday 21 June 2023 - 9:00am
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    Key features

    • Investment let at £251,422 p.a. (13.23% GIY on guide)
    • An approx. 2,033 sqm (21,894 sq ft)
    • Low capital value of £86.78 per sq ft on guide price
    • Let on a new 5 year lease to the Secretary of the state from April 2023
    • The existing tenant has been in occupation since 1992
    • Modern open plan office over 4 floors
    • Underground car park providing 12 spaces
    • Barnsley Railway station an approx. 0.5 miles from the property
    • 6 week completion

    Description

    Cooper House comprises a detached building of masonry construction. The building provides an approx. 2,033 sqm (21,894 sq ft) of office accommodation over ground and three upper floors.

    The property benefits from a good specification throughout, including:, Underground car park providing 12 spaces, Suspended ceilings, Raised access flooring, Male & female WC facilities and Kitchenette on each floor

    Nearby National occupiers included, Lidl, Taco Bell, KFC, Costa and Premier Inn

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that the approximate areas have been provide by the client


    Ground floor - 298.4 sqm (3,212 sq ft)

    First Floor - 579.3 sqm (6,236 sq ft)

    Second Floor - 579.3 sqm (6,236 sq ft)

    Third Floor - 576.9 sqm (6,210 sq ft)


    Total - 2,033.9 (21,894 sq ft)

    Tenancy

    Cooper House

    • Let to the Secretary of State for Communities and Local Government (TA Job Centre Plus)
    • Let on a FR&I lease for 5 years from 1st April 2023 (break option in year 3)
    • Rent commencement date 1st July 2023
    • Investment let at £251,422 p.a.

    Rent

    £251,422 p.a.

    Notes

    Please note, the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills, prospective purchasers must rely upon their own enquiries in this regard.

    VAT is applicable on the sale, however the sale can be treated as a TOGC (Please refer to the legal pack).

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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

      Barnsley has a residential population in excess of 218,000 people and is one of South Yorkshire’s major towns. Barnsley is strategically located approximately 12 miles north of Sheffield, 15 miles north-west of Doncaster, 24miles south of Leeds and 32 miles east of Manchester.


      Cooper House is situated on Peel Street cornering Fenton Street and the entrance to Peel Parade. Peel street provides access to the town centre from the A628Townend roundabout.

      Barnsley Railway station and approx. 0.5 miles from the property.

      Transport

      Barnsley Railway station - National rail services with direct services to Leeds and Sheffield.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

      Addendums