Investment Summary

Lloyds Bank Plc, 50 Cheapside, Barnsley, S70 1RU

  • Barnsley is the largest retail, administrative and commercial centre in the Barnsley Metropolitan Borough, with a catchment population of over 2.2 million. 
  • The Yorkshire town is situated approximately 15 miles north of Sheffield and 20 miles south of Leeds
  • The property is prominently situated on Cheapside, the town's pedestrianised retail area
  • A prime retail unit currently utilised as a bank with ground and first floor trading extending to 7,100 sq ft
  • Freehold
  • Let to Lloyd's Bank Plc until 24th December 2024 (7.5 yrs unexpired)
  • Current rent of £115,000 (£76 ITZA) which was re-based from £168,000 (£110 ITZA) and now provides excellent scope for growth as the scheme opposite develops 
  • The tenant has been in occupation since the 1970's and has recently re-fit the property to the latest corporate standards
  • Our client is seeking offers in excess of £1,450,000 (STC) which reflects a Net Initial Yield of 7.48%
  • Low capital value of just £204 psf
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