Available
Maltby – Estate Agents
114 High Street, Maltby, Rotherham S66 7BNFreehold Retail Investment
Price
£125,000
Rent P.A.
£8,500
Yield
6.80%
Tenure
Freehold
Lease Term
4 Years
Years Left on Lease
Holding Over
Area
879 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Prominent High Street Location
- Premises forms part of busy local retail parade
- Comprises ground floor shop with ancillary accommodation at first floor
- Tenant in occupation since 2011
- Total area size of 81.62 sq m (879 sq ft)
- Nearby occupiers include Co-Operative Food, Lloyds TSB, Fulton Foods, Coopland Bakers, Age UK and Jobcentre Plus.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor shop, currently operating as estate agents with ancillary accommodation at first floor. There is access to the rear of the building which leads to an additional shared car parking area.
The property provides the following accommodation and dimensions:
Ground Floor: Estate Agents 54.70 sq m (590 sq ft)
First Floor: Ancillary/Office: 26.80 sq m (289 sq ft)
Total area size: 81.60 sq m (879 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Estate Agents 54.70 sq m (590 sq ft)
First Floor: Ancillary/Office: 26.80 sq m (289 sq ft)
Total area size: 81.60 sq m (879 sq ft)
Tenancy Description
The property is at present let to Merryweathers (Rotherham) Ltd t/a Estate Agents for a term of 4 years from 22nd September 2017* (Holding Over) at a current rent of £8,500 per annum and the lease contains full repairing and insuring covenants.
*Note – Lease extension to the Main Lease which started on 22.09.2011
*Note – Lease extension to the Main Lease which started on 22.09.2011
Tenancies & Accommodation
Location Description
Maltby is located 6 miles east of Rotherham and 35 miles south-east of Leeds city centre. The town benefits from its proximity to the M18/M1 intersection which is 4 miles to the north-east. The property is situated at the eastern end of the High Street and forms part of a prominent shopping parade after the junction of High Street with Granger Lane, Tickhill Road and Muglet Lane. Occupiers close by include Co-Operative Food, Lloyds TSB, Fulton Foods, Coopland Bakers, Age UK and Jobcentre Plus.