Investment - Office 2,728 SqFt Hoyland, Barnsley
For Sale £500,000 Offers Around
Units 1-6, Barnsley Road, Hoyland, Barnsley, South Yorkshire, S74 0QN
Key Features
- Prominently Located income producing investment
- Fully Let
- High yielding Investments
Description
A modern, detached office building, providing flexible accommodation over ground and first floor. The premises benefit from a striking glazed entrance hallway / service core that provides staircase access to the first floor.
The ground floor premises are configured to provide four self-contained units, two of which provide studio / office suites and one of which provides predominantly open plan office accommodation and one currently being used as a laboratory.
At first floor level, the premises are laid out as open plan office accommodation divided into two interconnecting but separately let office suites (see photo).
The building sits on its own plot (0.398 acres) which is securely fenced on all sides, electric gates with on site car parking for approximately 20 cars and a small rear yard which is currently vacant and may have potential for other uses or to extend the car park.
The property is offered for sale subject to the occupational tenancies which are producing a total gross rent of £49,434 per annum from 6 tenants (a tenancy schedule is available on request).
We consider the sale will be treated as a Transfer of a Going Concern (TOGC) if VAT is applicable.
Rent deposits are held for 5 of the 6 tenants and a contribution to electricity, water and wifi is made by the same 5 of the 6 tenants (further detail is available on request), this is paid in addition to the rent.
We consider the sale will be treated as a Transfer of a Going Concern (TOGC).
Comments
The property is prominently located on Barnsley Road, Hoyland. Barnsley Road has immediate access on to the A6195 which in turn provides access to the M1 at Junction 36 approx. 2 miles west.
The adopted rateable value is £41,750
The premises are available to let on flexible lease terms for term to be agreed. The tenant shall be responsible for the cost of insurance all repairs and decorations and a proportion of the cost of maintaining any common parts.
Viewings strictly by prior appointment with the agents: Jason Barnsdale MRICS Barnsdales - Chartered Surveyors Tel: 07836 534 040 jason@barnsdales.co.uk
Each party is to be responsible for their own legal costs incurred in this transaction.
C75
EPC awaited or not required