Property Listing Details

Property details

Description

Property Details Description An attractive commercial investment opportunity generating rent via a 14 year lease. The lease details a year 1 rent of £46,700, a year 2 rent of £76,430, and a year 3 rent of £91,300, with 5-yearly rent reviews thereafter. The property is a 4 storey college premises with car park. Location The property is located nearby to Sidings Roundabout in Doncaster, being accessed via White Rose Way and Carr Lane. It is located immediately to the south of other office and light industrial premises, and to the east of the Primelodge Doncaster hotel. Accommodation The property is sold subject to the below lease: Lease Term Rent Freeholder Tenant Break Clause 14 years expiring 31st July 2039 Y1: £46,700 Y2: £76,430 Y3: £91,300 5 yearly rent reviews thereafter City of Doncaster Council Freeholder may consider selling freehold to the purchaser of this LL interested 31st July 2027 and every 3rd year thereafter Tenure The property is sold by way of a 125 year long leasehold with a peppercorn rent, subject to the 14 year underlease generating the rents detailed above. The City of Doncaster Council own the freehold interest. Costs Details of the Buyer's Premium and any additional fees payable are contained within the legal documents. VAT VAT is payable on the purchase price upon completion. General 1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder. 2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH MARCH AND CLOSES ON WEDNESDAY 26TH MARCH. 3. Energy Performance Certificate = D.

The Agent

Price history

06-Mar-2025 £600,000 First listed

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