Pitt Street, Barnsley

For Sale
£400,000

DESCRIPTION 

FREEHOLD £400,000 subject to contract.

Temperance House, an imposing Grade II listed office building, is situated fronting Pitt Street within Barnsley Town Centre. Pitt Street itself leads onto Peel Street which in turn leads to the Townend Roundabout on the A628.

The property is a three storey office building benefitting from a rear car park.
The property is let to three tenants, generating a rent roll of £27,400 per annum.

ACCOMMODATION

The accommodation contained within the property comprises of office suites over lower ground, ground and first floors.

The property provides an area of 9,408 sq.ft (874.47 sq.m.) Net Internal Area (NIA).
The property incorporates a rear car park.

SERVICES

All mains’ services are connected to the property.

BUSINESS RATES

Uniform Business Rate 2022/2023: 51.2p/49.9p in the £ Under current legislation, properties with rateable values less than £12,000 are exempt from business rates. This is subject to review by the Local Authority on an annual basis. Interested parties should make their own enquiries via the Local Authority’s Business Rates Department. Business rates with relief available between £12,000 and £15,000.

Lower Ground Floor

Rateable Value: £15,000

Ground Floor

Rateable Value: £22,000

First Floor

Rateable Value: £24,000

Car Park

Rateable Value: £4,800

TENURE

FREEHOLD, Subject to the tenancies as stated.

TENANCIES

The property is let to three tenants, on the following terms:

Ground Floor

Tenant: Reed in Partnership Limited
Term: 7 years & 18 days from 13th December 2017
Rent: £17,500 per annum exclusive.

First Floor

Tenant: Creative Recovery of the Core
Term: Holding over
Rent: £7,500 per annum exclusive.

Lower Ground Floor

Tenant: Barnsley Church Drop in Centre
Term: Verbal rolling tenancy with one month’s notice to quit
Rent: £2,400 per annum

PRICE

£400,000 Subject to contract

VAT STATUS

Unless otherwise stated all prices/rents quoted are exclusive of VAT.

LEGAL COSTS

Each party is to bear their own legal costs in the transaction.

PLANNING

Use class E – Commercial, Business and Service.

ENERGY PERFORMANCE CERTIFICATE

On the basis that the property is Garde II listed, it is exempt from the necessity to have an EPC.

VIEWING

Strictly by prior appointment with Wilbys. Details of all properties currently on offer through Wilbys can be viewed by using the property search feature within Wilbys website www.wilbys.net 

IMPORTANT NOTICE

1.) These particulars do not constitute any part of an offer or contract. All statements contained in these particulars are given in good faith but are made without responsibility on the part of Wilbys or the vendors or lessors. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these Particulars.

2.) All rents and prices quoted are exclusive of VAT, unless otherwise stated.

3.) All measurements, areas and distances quoted are approximate only.

4.) Information provided in respect of planning and rating matters has, unless stated, been obtained by way of verbal enquiry only. Interested parties are therefore recommended to seek their own independent verification on such matters from the appropriate Local Authority.

5.) Location and site plans if provided, are for identification and directional purposes only. The area surrounding the subject property may have changed since the plan was produced.

6.) Wilbys have not tested any apparatus, equipment fittings or services and so cannot verify they are in working order. Prospective purchasers are advised to obtain verification on such matters via their surveyor or solicitors.

7.) Business rates are usually calculated by multiplying the rateable value by the pence in the pound multiplier, however this can vary subject to transitional change and small business rate relief.

Ref. No. C2855

 

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