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Lot 27 Click here for addendum

6 Week Completion

Situation

Located in the town centre within this pedestrianised retail thoroughfare, adajacent to Fulton's Frozen Foods and amongst such other multiple retailers including Marks & Spencer, Coral, Card Factory, Brighthouse, Scrivens, Amplifon and Boots Opticians.
Barnsley lies approx. 13 miles north-west of Sheffield and 8 miles south of Leeds benefitting from good road access via the M1 (Junction 37).

Property

Comprising a Large Ground Floor Retail Unit with Ancillary Storage on basement, first and second floors. In addition, the property includes a rear loading area accessed from Wellington Street.

Accommodation

Ground Floor Retail Unit
Gross Frontage 92'5”
Internal Width 87'1”
Built Depth 146'0”
Area Approx. 10,060 sq ft*
Basement Ancillary
Area Approx. 809 sq ft*
First Floor Ancillary
Area Approx. 8,960 sq ft*
Second Floor Ancillary
Area Approx. 3,914 sq ft*
Total Area Approx. 23,743 sq ft*

*Not inspected by Barnett Ross. Areas taken from VOA

VAT is applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Poundland Limited (having over 700 branches) (T/O for Y/E 27/03/2016 £1.21bn, Pre-Tax Profit £34.7m and Shareholders' Funds £95.7m) for a term of 5 years from 25th March 2016 at a current rent of £90,000 per annum exclusive.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

23 Market Street, Barnsley, South Yorkshire S70 1SL