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Retail - Investment - Sainsbury's Local - Barnsley

Sainsbury's Local

Two Gates Way
Barnsley, S72 8WL

   

  • Prominent position onto local high street
  • Income producing - current passing rent of £49,000 per annum
  • Upward only rent review February 2017
  • Let to the undoubted covenant of Sainsbury's Supermarkets Limited
  • We are seeking offers in excess of £710,000

Description

The property provides a ground floor retail unit forming part of a larger ‘L’ shaped two storey traditional brick building set below a pitched slated tiled roof. The ground floor comprises three retail units which are fully let and residential apartments to the first floor.

Internally the unit has been fitted by the current tenant to a high quality shop fit-out within the retail area – incorporating a suspended ceiling to a height of 2.3m, inset lighting, painted plaster walls and a concrete floor with vinyl floor covering.

Location

The property is located in Shafton, a village which lies just outside of the centre of Barnsley in South Yorkshire. Shafton is situated, approximately three miles north east of Barnsley, nine miles south of Wakefield and 22 miles north of Sheffield.

Bus services run direct to Barnsley, Cudworth, Pontefract and Wakefield. The nearest railway station is in Barnsley and this has excellent transport links to the wider region.

The A1 (M) Doncaster bypass junction lies approximately 11 miles to the east of the village providing links both north and south.

Additional information

- Attractive investment opportunity, let to the undoubted covenant of Sainsbury’s Supermarkets Limited
- Over 6 years unexpired term at the current rent of £49,000 pa
- Upward only rent review in February 2017
- Long leasehold (virtual freehold) interest
- We are instructed to seek offers in excess of £710,000 (Seven hundred and ten thousand pounds) which reflects a net initial yield of 6.52% based upon purchasers costs of 5.8% and exclusive of VAT




Access
  • Parking : Not Known
  • Number of parking places : 0
  • Updated: 07/10/2015
    Reference: 758461
    Retail Shop: Investment, Leasehold
    3,787  max
    £710,000 6.52 % NIY
    Arrange viewing Request details Download brochure
    Your contact

    Mr Guy Cooke
    Balm Green
    S1 2JA

    +44(0)114 263 9247

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