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House for sale
46 Tennyson Road, & Ground Rents Relating To 34 to 50 Tennyson Road, Barnsley, South Yorkshire S71 2LX
£40,000
46 Tennyson Road, & Ground Rents Relating To 34 to 50 Tennyson Road, Barnsley, South Yorkshire S71 2LX
£40,000
Our Summary
- Auction Commencing on Monday 13th October at 1pm and ending 24 hours later on Tuesday 14th October at 1pm with Auction House South Yorkshire Please register to bid via our website - auctionhouse
Description
A fully let retail unit with additional ground rent income is being auctioned off by Auction House South Yorkshire. The property, located on Tennyson Road in Monk Bretton, Barnsley, comprises a 681 sq ft retail unit on the ground floor, currently let to Tennyson Optical Limited until 2028, generating £7,440 per annum with a potential increase to £8,640 per annum in 2028. The property also benefits from ground rents secured against adjacent commercial units, residential flats, and parking areas/garages, offering a proven yield opportunity. The freehold property has an EPC rating that will be provided in the legal pack, and an administration fee of £3,600 inc VAT is payable on exchange of contracts, with disbursements listed in the legal pack.