Guide Price: £190000 Leasehold Rental Income
COMMERCIAL INVESTMENT PROPERTY FOR SALE Titan Gym Patrick Tobin Business Park Bolton Road Rotherham S63 7LL
CV21 3EZ
Guide Price: £190,000 Leasehold Rental Income: £20,800 Per Annum Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
Location
Tenancy
The Metropolitan Borough of Rotherham had a recorded population of 257,280 in the 2011 Census and the property is located within the Dearne Valley area close to Wath upon Dearne within a short distance of local centre and Junction 36 M1 Motorway.
The property is let in its entirety to Messrs Dawson and Westlake trading as Titan Fitness on a 10 year FRIL from 21/07/2015 at a rent of £20,800 p.a. subject to 3 yearly upward only review to the higher of market rent or RPI whichever is the greater. The lease contains a tenant only break option on 21/7 2018 subject to 2 years prior notice – the break option has not been exercised.
Description The property comprises a self contained modern detached single storey building currently occupied as a gym and formerly as a crèche. We are advised that the net internal floor extends to 323 sq m (3476 sq ft) Interested parties are advised to rely on their own measurements upon inspection.
Price Offers are invited in the region of £190,000 which reflects an approximate yield of 10.50%. VAT All prices quoted are exclusive of VAT where chargeable.
Tenure Leasehold on a new 125 year ground lease from completion of the purchase at a rent of £250 p.a.
VIEWING: By appointment with George and Company Surveyors on 01788 554455.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
CV21 3EZ
Guide Price: £190,000 Leasehold Rental Income: £20,800 Per Annum Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
Location
Tenancy
The Metropolitan Borough of Rotherham had a recorded population of 257,280 in the 2011 Census and the property is located within the Dearne Valley area close to Wath upon Dearne within a short distance of local centre and Junction 36 M1 Motorway.
The property is let in its entirety to Messrs Dawson and Westlake trading as Titan Fitness on a 10 year FRIL from 21/07/2015 at a rent of £20,800 p.a. subject to 3 yearly upward only review to the higher of market rent or RPI whichever is the greater. The lease contains a tenant only break option on 21/7 2018 subject to 2 years prior notice – the break option has not been exercised.
Description The property comprises a self contained modern detached single storey building currently occupied as a gym and formerly as a crèche. We are advised that the net internal floor extends to 323 sq m (3476 sq ft) Interested parties are advised to rely on their own measurements upon inspection.
Price Offers are invited in the region of £190,000 which reflects an approximate yield of 10.50%. VAT All prices quoted are exclusive of VAT where chargeable.
Tenure Leasehold on a new 125 year ground lease from completion of the purchase at a rent of £250 p.a.
VIEWING: By appointment with George and Company Surveyors on 01788 554455.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
