Property for sale

Auction Commencing on Monday 13th October at 1pm and ending 24 hours later on Tuesday 14th October at 1pm with Auction House South Yorkshire

Please register to bid via our website - auctionhouse.co.uk/southyorkshire

Fully Let Retail Unit with Additional Ground Rent Income — Proven Yield Opportunity

A mixed commercial and ground rent investment comprising a ground-floor retail unit of approximately 681 sq ft (63.3 sq m), situated within a well-established parade. The property is currently let on a 3-year commercial lease to Tennyson Optical Limited, commencing 1st May 2020, with the tenant now holding over. The lease generates £7,440 per annum at present, set to increase to £8,640 per annum from the beginning of 2028.

Additionally, the ground rents are secured against the adjoining commercial units within the parade, the residential flats above, and the parking area/garages to the rear — each subject to varying terms. Full details will be provided within the Legal Pack.

The property occupies a prominent position on a well-established local parade on Tennyson Road, Monk Bretton, to the north-east of Barnsley town centre.

Tenure: Freehold

EPC Rating: see legal pack

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.