24 May Day Green 3,194 SF 100% Leased Retail Building Barnsley S70 1SH £500,000 (£156.54/SF) 9.55% Net Initial Yield
INVESTMENT HIGHLIGHTS
- FREEHOLD INVESTMENT OPPORTUNITY LET TO NATIONAL COVENANT
- STRONG NATIONAL COVENANT & A WELL-PRESENTED PROPERTY
- NEW 5 YEAR LEASE FROM JULY 2024
- 296.71 Sq M (3,194 Sq Ft) NIA
- AVAILABLE AT £500,000 REFLECTING NIY OF 9.55%
EXECUTIVE SUMMARY
Inviting offers in the region of £500,000 reflecting a NIY of 9.55% after purchaser’s costs of 4.70%.
Well located retail investment let to H Samuel on a new 5 year lease at £50,000 per annum. The tenant is well established throughout the UK with over 150 years trading history.
Well located retail investment let to H Samuel on a new 5 year lease at £50,000 per annum. The tenant is well established throughout the UK with over 150 years trading history.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
3,194 SF
Building Class
B
Year Built
1980
Price
£500,000
Price Per SF
£156.54
Net Initial Yield
9.55%
NOI
£47,750
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.12
Lot Size
0.60 AC
AMENITIES
- EPC - E
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NEARBY MAJOR RETAILERS
