65/65a High Street, Wombwell, Barnsley, South Yorkshire S73 8HS

Available at

£420,000

Additional Costs / Fees will apply

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Property Details

Location

Description

Prominently positioned in the high street the lot comprises a mixed use investment including two retail units, a dance studio and four apartments with leases detailing rental income of £47,100. Built in 1889 the four storey property retains some of its original detailed stonework features and was fully refurbished in 2010 to provide the current accommodation, approximately 373 sq m (4,012 sq ft), together with full height cellars, which may represent an opportunity for further development, subject to the necessary consents.

Location

The property is central to all shops and amenities, located at the intersection of High Street and Melville Street, and offers a prime position for passing footfall and traffic. Other notable occupiers nearby include Specsavers, Tesco Express, Greggs, Heron Frozen Foods and Bargain Booze. Wombwell has a population of approximately 15,000 people and is situated approximately 4 miles to the south east of Barnsley and 8 miles to the north of Rotherham. The town is well located for access to the local road network and to the motorway network via the Dearne Valley Parkway.

Accommodation

We detail below the following approximate areas which have been provided by the Vendor and interested parties should satisfy themselves in this regard.

AREA	SQ M	SQ FT
Unit 1 Retail Shop	45	484
Unit 2 Retail Shop	33	355
Dance Studio	115	1,237
First Floor Flat 1	45	484
First Floor Flat 2	45	484
Second Floor Flat 3	45	484
Second Floor Flat 4	45	484
Total	373	4,012

Tenancy

Unit	Detailed Rent (pa)	Lease Term
Flat 1	£4,800	12 Months
Flat 2	£4,800	12 Months
Flat 3	£4,800	12 Months
Flat 4	£4,440	6 Months rolling
Shop 1: Hellen's	£9,600	Expired and holding over*
Shop 2: Top Nails	£7,500	10 years until June 2025
Gym/Studio: Albert's Estates	£9,600	2 Years until June 2024
Basement	-	Not Occupied
Flat Management Fees	-£1,560
	£47,100

Pugh & Co are advised on the above tenancy information by the vendor. Buyers must satisfy themselves as the information before bidding. Pugh & Co is also advised by the vendor that Shop 1 is to have a lease renewal for a 5-year term.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 8TH NOVEMBER AND CLOSES ON WEDNESDAY 9TH NOVEMBER.

Addendum

Unit Detailed Rent (pa) Lease Term Flat 1 £4,800 12 Months Flat 2 £4,800 12 Months Flat 3 £4,800 12 Months Flat 4 £4,440 6 Months rolling Shop 1: Hellen's £9,600 Expired and holding over* Shop 2: Top Nails £7,500 10 years until June 2025 Gym/Studio: Albert's Estates £9,600 2 Years until June 2024 Basement - Not Occupied Flat Management Fees -£1,560 Total Rent: £47,100 Pugh & Co are advised on the above tenancy information by the vendor. Buyers must satisfy themselves as the information before bidding. Pugh & Co is also advised by the vendor that Shop 1 is to have a lease renewal for a 5-year term.