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Tenanted Investment Property Barnsley

Barnsley, South Yorkshire
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Tenanted Investment Property - BarnsleyTenanted Investment Property - BarnsleyTenanted Investment Property - BarnsleyTenanted Investment Property - BarnsleyTenanted Investment Property - BarnsleyTenanted Investment Property - Barnsley
  • Freehold: £375,000
  • Turnover: £31,200 £600 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Location

    Spacious Detached Property

    Sought After & Busy Area

    Annual Rental Income £31,200

    8.3% Yield Per Annum

    Long Term Tenant In Place

    Scope To Increase Rental Income

    Potential Income £60,000 Per Annum

    Many Local Amenities

    Close To Large Multiples

    Potential To Increase Rental Income

    EPC - TBC

Description:
REF 7832 – Freehold Tenanted Investment Property
Blacks Business Brokers are pleased to bring to the market this freehold tenanted investment property located in Barnsley, South Yorkshire.

INTRODUCTION
The property occupies a main road trading position and is surrounded by residential properties and local amenities. Our client has a long term tenant in the building and this tenant sub lets the first floor. In addition to the rental income, there is also an advertisement board to the side of the property which also generates income.

LOCATION
The property is positioned on a busy junction and the area is densely populated residentially with a number of other commercial properties nearby. These include independent retailers and large multiples. The area is well linked by the M1 and A628 with very strong public transport links and parking is available immediately outside the property.

REASON FOR SALE
Due to other business commitments, our client does not have the time to effectively manage this property and it is therefore offered for sale.

BUILDING LAYOUT AND DESIGN
The property has large business signage on display to all sides and there is a large seating area to the front. Inside, the pub is positioned within the ground floor with Thai restaurant within the first floor. There is also a cellar used for storage. All areas are covered by CCTV and alarmed.

FINANCIAL DETAILS
The rental income for this property is £31,200 giving a 7.5% yield. Full financial information is available upon request.

SUMMARY
This large property occupies an enviable position in a sought after area of Barnsley. Early viewings are strongly advised.


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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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