Back to properties

11 Market Street, Barnsley, S70 1SL

11 Market Street, Barnsley, S70 1SL

£130,000
Commercial
About this Property
2025-04-08
130000
Traditional
Commercial
Description

The property comprises a high yielding retail investment let to Cancer Research, a long standing tenant of 27 years, occupying a prime pedestrianised pitch. Arranged across ground and first floors, the property is fully let to Cancer Research on a five year lease which expired 17.03.2025 and producing £22,000 per annum (£8.38 per sq ft). The tenant is therefore holding over and we understand they wish to renew. We therefore consider the property offers evident asset management potential via renewal of the lease, with the nearby 7 Market Street recently letting for £20,000 per annum reflecting £19.01 per sq ft). We understand the tenant has recently commenced discussions regarding lease renewal. The lease includes the upper parts which are used as ancillary/storage space, but we consider there may be potential to convert to alternative uses, including residential (subject to the existing leases and any requisite consents).The property benefits from a prominent pitch fronting the prime, pedestrianised, Market Street. Nearby occupiers include Greggs, Boots, Holland & Barrett and Subway.

Location
More Information
Freehold
Market Street
Commercial Property
Planing Authority
Barnsley LPA

Interested in this lot?

GO TO THIS LOT

More Listings from this Auctioneer