Freehold Retail Investment
Freehold Retail Investment
Kendray is a residential suburb in the metrolpolitan borough of Barnsley. The property is situated in a prominent corner position on the south side of the busy Doncaster Road (A635) at its junction with Neville Avenue.
Freehold.
Kendray is a residential suburb in the metrolpolitan borough of Barnsley. The property is situated in a prominent corner position on the south side of the busy Doncaster Road (A635) at its junction with Neville Avenue.
Freehold.
The property comprises ground floor retail accommodation. The property benefits from frontages to Doncaster Road and Neville Street and from a rear yard.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation. The property benefits from frontages to Doncaster Road and Neville Street and from a rear yard.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) (3) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail |
72.67 sq m |
(782 sq ft) |
CORAL RACING LIMITED (1) |
16 years from 03/02/2011 until 2027 on a full repairing and insuring lease (2) |
£10,250 rising to a minimum of £11,741 p.a.x in 2016 |
03/02/2016 03/02/2021 |
| Totals | 72.67 sq m |
(782 sq ft) |
£10,250 | ||||
(1)Coral Racing Limited is part of the Gala Coral Group and together with their online presence, trade from over 1,700 outlets across the UK. Gala Coral is the third largest bookmaking business in the UK with a market share of approximately 20%. (Source: www.coral.co.uk)
(2)The lease provides for the rent to be reviewed to the greater of open market rental value or an increase by 2.5% p.a. compounded. Therefore the rent will increase to a minimum of £11,741 per annum exclusive in 2016.
(3)The floor areas stated above are those published by the Valuation Office Agency. www.voa.gov.uk
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