Withdrawn
Withdrawn Prior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 ancillary upper parts, the ground and first floors are let to Costa on a five year lease expiring 11.01.2027 and paying £42,500 per annum.
The tenant is a long standing occupier of 10+ years and did not exercise their 2025 break option. We therefore consider the property offers asset management potential via renewal and improvement of rent, with nearby units recently achieving £45,000-£50,000 per annum.
The second and third floors 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, Barclays and Specsavers.
Tenure
Freehold
Tenancy
The property is let to Costa Limited, long-standing tenants of 10+ years, on a five year lease expiring 11.01.2027 and paying £42,500 per annum.
The lease is on effective full repairing and insuring terms via a service charge.
Costa Limited
Rent