Granby House, High Street, Bawtry, DN10 6JA

Description
The property was built approximately a decade ago and arranged over ground floor only, providing a retail premises occupied as Sainsburys Local. The internal accommodation includes a sales area, stores and ancillary accommodation to the rear. The property forms part of a larger residential block of nine flats, which is not part of the sale.

The property benefits from car parking spaces to the side and rear.

Location
The property is located on High Street in Bawtry town centre, South Yorkshire. Bawtry is considered an upmarket location with a variety of boutiques, restaurant, pubs, hotels, cafes, and independent & national retailers.

The property is situated on the High Street close to its junction with Station Road in a central location. Bawtry is located 11 miles south east of Doncaster and approximately 2 miles from the A1 motorway network.

Availability_text
The accommodation comprises the following areas:

Tenure
The property is held on long leasehold for 999 years from 1st January 2014 at a peppercorn.

Tenancy Details
The property (ground floor) is let to Sainsbury’s Supermarkets Ltd on a 15 year lease from 19th November 2014 (thus over 5 years left on the lease). The current passing rent is £61,979 pa, with a RPI index linked rent review on 19th November 2024, which will increase to £73,611 pa. Further details are available by request.

Website Address:
According to Sainsburys annual report and Financial Statements 2024, for the year ended 2nd March 2024, Sainsburys Supermarket plc reported a turnover £32.721 billion, a pre-tax profit of £701 million and a net worth of £6.868 billion.

Price
£995,000. We are informed VAT is payable on the price. A purchase at this level reflects a Net Initial Yield of 5.89% after allowing for purchaser costs, and 7% yield from 19th November 2024.

Identity Checks
In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser.