Commercial property for sale in Barnsley Road, South Elmsall, Pontefract, West Yorkshire WF9
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- For sale by auction on the 4th September 2024
- Guide price £95,000 +
- Commercial property
- Currently tenanted generating £14,400 per annum
- Well-presented hair salon
- Great addition to an investor’s portfolio
- EPC rating D
Property description
This commercial property is offered for sale via traditional auction. The property is currently tenanted by a hairdresser/salon with a Fri lease in place which covers five years, starting from December 2022.
The current gross rental income is £14,400 reflecting over a 15% yield based on the guide price. The contract also reflects the monthly rent will increase by £100 per month after each year that passes. On this basis, in the final year of the contract the gross rental income would be £18,000 per annum, which is just under an 19% return based on the guide price.
The property is located on the popular South Elmsall high street.
Accommodation
Ground Floor
Salon area and back room, 2 x WCs
First Floor
4 x office rooms and a WC
Externally
Outside space to the rear
Additional Information
Tenure
Freehold
Charges And Payment
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
For more information about this property, please contact
Auction House West Yorkshire, LS16 on +44 113 427 6118 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House West Yorkshire, and do not constitute property particulars. Please contact Auction House West Yorkshire for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.