• 6 Market Street freehold ground floor retail premises with self-contained flat for sale in Sheffield, by Lane Walker

FREEHOLD RETAIL INVESTMENT FOR SALE – 6 Market Street, Hemsworth, WF9 4LA

1,327 Sq Ft
£140,000
  • Type: Investment
  • Availability: For Sale
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Property Features

  • Tenure: Freehold
  • Size: 1,327 Sq Ft
  • Price : £140,000

Property Summary

The property comprises a ground floor retail premises with a self-contained flat.

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Full Details

Location
The premises occupy a prominent trading position in the town’s principal thoroughfare adjacent to
Ladbrokes and amongst local and national retailers including: Tesco, Lloyds Pharmacy, Ladbrokes
and Iceland Foods. Hemsworth lies on the A628 some 9 miles south-west of Wakefield and
approximately 7 miles north-west of Barnsley with easy access to the A1 (M) (Junction 38).

Accomodation
The shop is arranged on the ground floor only and comprises of the following approximate net
internal area:
Internal Width- 14'2" ft (4.32 m)
Shop Depth- 46'1" ft (14.07 m)

Ground Floor Sales- 952 sq ft (88.43 sq m)
Stock Room- 151 sq ft (14 sq m)
Kitchen- 82 sq ft (7.58 sq m)
Office- 143 sq ft (13.27 sq m)
WC- n/a
Total- 1,327 sq ft (123.28 sq m)

The first floor flat comprises the following approximate areas:
Living Room- 3.63 x 5.59 m
Kitchen- 3.27 max x 3.60 m
Bathroom- 3.64 max x 1.82 m
Bedroom 1- 3.61 x 4.86 m
Bedroom 2- 2.71 x 4.89 m

Tenancy
The property is currently let to 28A Supported Living Limited on the basis of a full repairing and
insuring new lease for a term of 3 years from 23rd October 2015. The passing rental is £12,500 pa.

Proposal
We are instructed to seek offers in excess of £140,000 subject to contract and exclusive of VAT, for
the benefit of our client’s freehold interest subject to the existing occupational tenancy which will
show the purchaser a net initial yield of approximately 9%.