Next auction Thursday 15th August 2.30PM

31/31A King Street, Hoyland, Barnsley, S74 9JU



Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Sold
£126,000
Guide price

£95,000+


Property Type

Investment

Bedrooms

5


Key Features

  • Substantial freehold investment property subject to an unregistered head lease until July 2019 at a rent of £6,144pa
  • Located in the heart of Hoyland just off the High Street
  • Ideal opportunity for investors and developers

Part of the 18 June 2019 auction
Nottingham Racecourse at 2.30PM

Substantial freehold investment in the centre of Hoyland, Barnsley consisting of three self contained ground floor retail units with four self contained flats above

  • Substantial freehold investment property
  • Located in the heart of Hoyland just off the High Street
  • Unregistered head lease for the whole property from 10/07/14
  • Let on a 5 year lease at a rent of £6,144 pa expiring July 2019
  • GF - 3 x retail units - 31, 31a and 31b King Street Potential income based on current sub-lettings:
  • 31 - Let to Top Cutz with reported income of £3,640pa
  • 31a - Let to Great Gear with a reported income of £4,940pa
  • 31b - Let to Gelous Beauty with a reported income of £3,640pa
  • FF - 3 x self contained flats
  • Flat A - 1 bed with reported income of £4,160pa
  • Flat B - 1 bed with reported income of £4,160pa
  • Flat C - 1 bed with reported income of £4,160pa
  • Flat D - 2 bed with reported income of £4,160pa
  • Total reported income £29,328pa
  • Full lease details are available on legal pack
  • Buyers to make own investigation on the head lease
  • Ideal opportunity for investors and developers

Final viewing date: Tuesday 11th June at 10.00am. Please arrive promptly for the viewing time.

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to an unregistered head lease granted in July 2014 at a rent of £6,144 pa and expiring in July 2019. Subject to the occupational tenancies

Email: clare.wood@walkermorris.co.uk
Telephone: 0113 283 2500

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