Entirely let to Coral Racing Limited until February 2027 (No breaks)
Extensive improvements undertaken by tenant in 2021 to include new shop front, fit out and roof coverings
Change of use/development potential of unused first floor (subject to lease & consents)
Nearby occupiers include Co-op and Aldi Supermarkets along with several independent retailers
VAT-free investment
Lot 40
Auction 31st March 2022
Rent £12,236 per Annum Exclusive
Status Sold
Price £167,500
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Roads
A628, A6195, A635
Rail
Barnsley Station
Air
Leeds/Bradford Airport
Situation
The property is prominently positioned on Barnsley Road in the centre of Cudworth village, approximately 3 miles north-east of Barnsley town centre. Nearby occupiers include Co-op and Aldi Supermarkets along with several independent retailers.
Tenure
Freehold.
Location
Roads
A628, A6195, A635
Rail
Barnsley Station
Air
Leeds/Bradford Airport
Situation
The property is prominently positioned on Barnsley Road in the centre of Cudworth village, approximately 3 miles north-east of Barnsley town centre. Nearby occupiers include Co-op and Aldi Supermarkets along with several independent retailers.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and first floors. The tenant does not use the first floor.
The property has the benefit of future development potential, subject to the lease and consents. Indicative drawings are available from the auctioneers to convert the first floor and add a second/third floor to create five flats.
VAT
VAT is not applicable to this lot.
Completion Period
6 Week Completion
EPC
Band C.
Description
The property comprises a shop arranged on the ground and first floors. The tenant does not use the first floor.
The property has the benefit of future development potential, subject to the lease and consents. Indicative drawings are available from the auctioneers to convert the first floor and add a second/third floor to create five flats.
VAT
VAT is not applicable to this lot.
Completion Period
6 Week Completion
EPC
Band C.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx sq m)
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground First
Retail/Ancillary Ancillary (Restricted access)
76.45 sq m 67.20 sq m
(823 sq ft) (723 sq ft)
CORAL RACING LIMITED (1)
16 years from 03/02/2011 on a full repairing & insuring lease.
£12,236
Total
143.65 sq m
(1,546 sq ft)
£12,236
(1) www.sports.coral.co.uk
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
