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    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.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please see the below Tenancy Schedule and Legal Pack for more information.

    Rent

    £18,400

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

      Accommodation / Tenancy Schedule

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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.

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