Acquired
Doncaster – Estate Agents
13A Priory Place, Doncaster, South Yorkshire DN1 1BLFreehold Retail Investment
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
23 days
Area
1,884 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Tenant in occupation since 2009. ERV upon reversion £13,500 p.a.
- Comprises ground floor retail shop with ancillary at basement, first and second floor
- Future residential development potential, subject to vacant possession and planning
- Situated in the heart of the town centre with occupiers nearby including CEX (adjacent), Opticians (opposite), Yorkshire Building Society and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises mid-terrace ground floor shop t/a estate agents with ancillary accommodation at basement, first and second floor, providing the following accommodation and dimensions:
Ground Floor: Shop 70 sq m (753 sq ft)
First Floor: Ancillary 35 sq m (377 sq ft)
Second Floor: Ancillary 35 sq m (377 sq ft)
Basement: Ancillary 35 sq m (377 sq ft)
Total area size: 175 sq m (1,884 sq ft)
Ground Floor: Shop 70 sq m (753 sq ft)
First Floor: Ancillary 35 sq m (377 sq ft)
Second Floor: Ancillary 35 sq m (377 sq ft)
Basement: Ancillary 35 sq m (377 sq ft)
Total area size: 175 sq m (1,884 sq ft)
Tenancy Description
The entire property is at present let to Hague Moore Estate Agents Ltd (with 4 guarantors) for a term of years from 21st July 2021 to 15th January 2025 at a current rent of £10,750 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation since 2009. ERV upon reversion £13,500 p.a. Lease outside Landlord & Tenant Act 1954.
Tenancies & Accommodation
Location Description
Doncaster is a prosperous market town in South Yorkshire located 32 miles south-east of Leeds and 22 miles north-east of Sheffield. Junction 3 of the M18 Motorway and Junction 36 of the A1(M) are both within 3 miles of the town centre. Doncaster Rail Station provides a service to Leeds (32 minutes) and London Kings Cross (1 hour 32 minutes). The property is situated on east side of Priory Place, close to the junction with Printing Office Street. Occupiers close by include CEX (adjacent), Opticians (opposite), Yorkshire Building Society and many more.
