42 High Street Wombwell Barnsley South Yorkshire S73 8BH

42 High Street
Wombwell
Barnsley
South Yorkshire
S73 8BH

Freehold Retail Investment

Let to Poundland Limited
Lease until February 2025 (no breaks)
Tenant break option in February 2023 not exercised
Re-based rent (previous rent £40,000 pax)
Approximately 10,026 sq ft
Nearby occupiers include Tesco Express, JD Wetherspoon, Greggs and a number of local retailers.

Lot
25
Auction
15th December 2022
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£275,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Poundland Limited
Lease until February 2025 (no breaks)
Tenant break option in February 2023 not exercised
Re-based rent (previous rent £40,000 pax)
Approximately 10,026 sq ft
Nearby occupiers include Tesco Express, JD Wetherspoon, Greggs and a number of local retailers.

Lot 25
Auction 15th December 2022
Rent £30,000 per Annum Exclusive
Status Sold
Price £275,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles south east of Barnsley Town Centre, 12 miles north east of Sheffield
Roads: A633, B6096, A6195
Rail: Wombwell Railway Station
Air: Leeds/Bradford Airport

Situation

Wombwell is a town located 4 miles east of Barnsley town centre. The property is located on High Street, the town's principle retailing thoroughfare. Nearby occupiers include Tesco Express, JD Wetherspoon, Greggs and a number of local retailers.

Tenure

Freehold.

Location

Miles: 4 miles south east of Barnsley Town Centre, 12 miles north east of Sheffield
Roads: A633, B6096, A6195
Rail: Wombwell Railway Station
Air: Leeds/Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground, basement and first floors. The property benefits from loading to the rear from Snowden Terrace.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion.

EPC

See legal pack.

Description

The property comprises a large shop arranged on the ground, basement and first floors. The property benefits from loading to the rear from Snowden Terrace.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion.

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
Ground Basement First	Retail/Ancillary Ancillary Ancillary	413.63 409.78 108.08	(4,452) (4,411) (1,163)	POUNDLAND LIMITED (2)	5 years from 26/02/2020 to 25/02/2025 on a full repairing & insuring lease (3)	£30,000
Total		931.49	(10,026)			£30,000

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(2) Poundland has more than 800 stores across the UK. For the year ending 31st December 2021, Poundland Limited reported a turnover of £1,544,694,000, a pre-tax profit of £33,478,000 and shareholder funds of £125,057,000 (Source: www.northrow.com; www.poundland.co.uk - 07/11/2022)
(3) The lease is full repairing & insuring, subject to a schedule of condition

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.