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    Key features

    • To be offered on Tuesday 24 September
    • High Yielding Retail Investment
    • Let to a Hair Salon
    • Five Year Lease Expiring January 2028
    • Producing £18,000 per annum
    • Established and Popular Location
    • Guide Price Reflects 22.5% Gross Yield

    Description

    The property comprises a high yielding retail investment opportunity forming part of a popular local parade.

    Arranged across ground and first floors, the property is fully let to a hair salon on a five year lease expiring January 2028 and paying £18,000 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

    Tenure

    Freehold

    Tenancy

    The property is let to The Hair Rooms (SE) Limited on a five year lease expiring 01/01/2028 and producing £18,000 per annum. The lease includes fixed uplifts from an initial rent of £13,200 per annum however the Vendor will "Top Up" the rent to the final rent of £18,000 per annum upon completion.


    The lease is on full repairing and insuring terms and is outside of the Security of Tenure provisions of the Landlord and Tenant 1954 Act.

    Rent

    £18,000 per annum
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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.

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      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

      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