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Guide price £475,000(Rp9.811.459.671)
8-10 CheapsideBarnsley, South Yorkshire, S70 1RR
- New
- Sole agency
- Freehold
Key features
- Freehold High Yielding Retail Investment
- Investment let at £114,500 pa (24.11% on Guide Price)
- Lease expires in March 2035
- Substantial building comprising approximately 500.25 sq m (5,385 sq ft)
- Barnsley Train Station is located circa 420m from the property
- Pedestrianised town centre location, in main retail thoroughfare
- Nearby occupiers include Marks & Spencer, Holland & Barrett, and H. Samuel
- 6 Week Completion Available
Of interest to investors Freehold High Yielding Retail Investment with a Lease Expiring in March 2035 Investment let at £114,500 pa (24.11% on Guide Price)
About this property
The property comprises a substantial building of approximately 500.25 sq m (5,385 sq ft) over basement, ground, mezzanine, first and second floors. The mezzanine and upper floors are occupied by Kwik Tan (part of Admiral).
Local information
- Barnsley is the largest retail, administrative and commercial centre in the Barnsley Metropolitan Borough of South Yorkshire, situated approximately 24 km (15 miles) north of Sheffield and 32 km (20 miles) south of Leeds. The town is served by Junction 37 of the M1 which provides direct access to the M62 and M18 motorways. Barnsley Rail Station provides regular rail services to Sheffield (25 minutes), Leeds (32 minutes) and Wakefield (15 minutes). The property is situated on the west side of the pedestrianised Cheapside at its junction with Albert Street East. Nearby occupiers include Marks & Spencer, Holland & Barrett, H. Samuel, Greggs, Halifax, Superdrug and Barnsley Market.
Additional information
- Ground - 167.77 sq m (1,806 sq ft)
- Basement - 70.14 sq m (755 sq ft)
- Mezzanine (Kwik Tan) - 35.95 sq m (387 sq ft)
- First (Kwik Tan) - 150.68 sq m (1,622 sq ft)
- Second - 75.71 sq m (815 sq ft)
- Total - 500.25 sq m (5,385 sq ft)
- Let to Luxury Leisure on a Full Repairing and Insuring (FRI) lease for 15 years from 25 March 2010 expiring on 24.03.25 and then on a reversionary 10 year lease from 25.03.25 expiring 24.03.2035 (subject to an option to determine the lease in March 2030).
- Open Market Rent Review on 25.03.2025
- Luxury Leisure (t/a Admiral Casino)
- D&B Rating - 4A1
- Turnover (2022) - £111m
- Pre-Tax Profit (2022) - £15.4m
- Employees - 1,520
- Admiral are one of the best known gaming brands in the UK with over 230 stores nationwide.