Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding, prime, retail investment occupying a high footfall pedestrianised pitch.
Arranged as a ground floor retail unit with the upper parts sold off on a long leasehold basis, the ground floor is let to Tonks Shoes Limited (t/a Clarks) on a 10 year lease expiring 16.05.2034 and paying £30,000 per annum.
We consider the property offers evident asset management potential via improvement of rent, with nearby units paying up to £53,000 per annum.
The upper parts are sold off on a long leasehold basis.
The property occupies a prime pitch fronting Queen Street, the principal pedestrianised retail pitch in Barnsley. The surrounding area is characterised by a mix of national retailers including Holland & Barrett, Specsavers and Costa.
Tenure
Freehold
Tenancy
The ground floor unit is let to Tonks Shoes Limited (t/a Clarks) on a 10 year lease expiring 16.05.2034 and paying £30,000 per annum.
The lease is on effective full repairing and insuring terms via service charge and includes a rent review and tenants break option in the 5th year.
The upper parts are sold off on a long leasehold basis.
Rent
Notes
We understand the property is elected for VAT.