Mixed Use
A freehold mid terraced mixed use investment opportunity comprising a double fronted commercial unit to the ground floor along with 2 x one bed apartments above, offered part let and generally in a good state of repair with the potential to increase the income by letting the ground floor commercial unit. Current income £9,100pa.
The upper floor is accessed from a stair case to the rear with space for vehicular parking and we been advised the apartments are held on AST agreements.
Flat 20A pays 85p/w and will be subject to a fresh 12 month AST upon completion date.
Flat 22A pays £90p/w and will be subject to a fresh 12 month AST upon completion date.
Total income £9,100pa. Rents could be increased in line with current rents following the 12 month initial term if the buyer wishes.
The retail unit below benefits from A1/A2 Retail use classification and extends circa 1,184 sq ft and has roller shutters and wc facilities. We feel the unit could be partitioned to offer two separate units thus increasing the potential gross income of the property. Vacant (Potential income £12,000 - £15,000pa).
The building fronts Doncaster Road with Goldthorpe Railway station within walking distance. Goldthorpe is equidistance between Barnsley, Doncaster and Rotherham and provides easy access to the A1M. We note there is a development underway within walking distance comprising 130 plus new homes and a second scheme a little further away comprising 127 new homes.
Rivers and Seas No Risk. Surface Water Very Low.
O2, EE, Three and Vodafone are available.
Standard 18 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
BT and Sky are available.
Solid brick, as built, no insulation (assumed).
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
