Barnsley – 3-29 Neville Avenue S70 3HB Freehold Retail & Residential Ground Rent Investment – 3-29 Neville Avenue S70 3HB Freehold Retail & Residential Ground Rent Investment

Investment Consideration: ▪ Purchase Price: £600,000 ▪ Gross Initial Yield: 6.50% ▪ Rental Income: £39,000 p.a. ▪ VAT is NOT applicable to this property ▪ Comprises large supermarket and takeaway shop at ground floor and six residential flats above, which have been sold on long leasehold ▪ Rear yard area included ▪ Occupiers nearby include takeaway, hair studio, barbershop and fish and chips shop

Tenancies and Accommodation: Barnsley – 3-29 Neville Avenue S70 3HB Freehold Retail & Residential Ground Rent Investment

Property Description: The property comprises detached block and consist of large supermarket and takeaway shop at ground floor and six residential flats above, which have been sold on long leasehold. The property benefits from rear yard. The property provides the following accommodation and dimensions: Ground Floor: Supermarket 336 sq m (3,617 sq ft) Ground Floor: Takeaway 61 sq m (657 sq ft) Total area size: 397 sq m (4,274 sq ft)

Tenancy: The Ground Floor Takeaway (No. 5) is at present let to an Individual for a term of 25 Years from 7th April 2021 at a current rent of £9,000 per annum and the lease contains full repairing and insuring covenants. Rent review linked to RPI in 2026 and every 5th year after. No break clause. The Ground Floor Supermarket (No. 7-29) is at present let to One Stop Stores Limited for a term of 15 Years from 25th April 2021 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Open market rent review on 26th April 2026 and 2031. Option to determine on 26th April 2028 and 2033. The First/Second Floor Flats have been sold on long leasehold for a term of 999 Years from 29th September 1997 at a ground rent of peppercorn. Barnsley – 3-29 Neville Avenue S70 3HB Freehold Retail & Residential Ground Rent Investment

Location: Barnsley is a large market and college town in , England. The town is surrounded by several towns and villages, which together form the Metropolitan Borough of Barnsley, of which Barnsley is the administrative centre. The town is on the M1 motorway and Barnsley Interchange. The main transport hub is Barnsley Interchange, a combined rail and bus station that was opened on Sunday 20 May 2007. run most bus services within Barnsley, operating to and from Barnsley Interchange. Occupiers nearby include takeaway, hair studio, barbershop and fish and chips shop. Barnsley – 3-29 Neville Avenue S70 3HB Freehold Retail & Residential Ground Rent Investment

Contacts: To view copies of the leases, information on the title, other information, please contact Joseph Bachman or Prash Jaitley.

Joseph Bachman – COO Prash Jaitley – Managing Partner M: +44(0)77236 19270 M: +44(0)79618 53166 E: [email protected] E: [email protected]

Address:

Blue Alpine Partners Limited Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ

Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.