Acquired
Doncaster – Retail Premises with Parking
157 Balby Road, Balby, Doncaster DN4 0RGFreehold Retail Investment
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
6y 9m
Area
1,001 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises three storey retail premises t/a office with two car parking spaces at rear
- Situated on Balby Road (A630), which provides direct links to Rotherham and Sheffield
- Occupiers nearby including McDonalds, Lidl, One Stop, Café, Pharmacy, Gymnasium and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises end-of-terrace ground floor shop t/a office with ancillary accommodation at first and second floor, providing the following accommodation and dimensions:
Ground Floor: Shop 35 sq m (377 sq ft)
First Floor: Ancillary 32 sq m (344 sq ft)
Second Floor: Ancillary 23 sq m (248 sq ft)
Mezzanine Floor: Kitchen 3 sq m (32 sq ft)
Total GIA: 93 sq m (1,001 sq ft)
Ground Floor: Shop 35 sq m (377 sq ft)
First Floor: Ancillary 32 sq m (344 sq ft)
Second Floor: Ancillary 23 sq m (248 sq ft)
Mezzanine Floor: Kitchen 3 sq m (32 sq ft)
Total GIA: 93 sq m (1,001 sq ft)
Tenancy Description
The property is at present let to Leading Edge Accountancy Solutions Ltd for a term of 10 years from 8th October 2021 at a current rent of £13,200 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.10.26 open market upward only. Tenant option to determine on 01.03.27 with min 3 months notice. Deposit held of £3,300.
Tenancies & Accommodation
Location Description
Doncaster is the administrative centre of the larger City of Doncaster and is the second largest settlement in South Yorkshire after Sheffield. The property is situated on Balby Road (A630), which is an important arterial route connecting Sheffield and Doncaster. Occupiers nearby including McDonalds, Lidl, One Stop, Café, Pharmacy, Gymnasium and more.
