for sale (free of vat) iconic town centre building with investment

1 Rosemead
Ingbirchworth
Penistone
Sheffield
S36 7GQ
Tel: 01226 791984
Fax: 01226 764242
Mobile: 07957 167322
Skype: chris.rowlandsandco
Web: www.chrisrowlands.co.uk
Email: [email protected]
FOR SALE (FREE OF VAT)
ICONIC TOWN CENTRE BUILDING WITH INVESTMENT INCOME AND
OPPORTUNITY FOR REFURBISHMENT AND ALTERNATIVE USES
32-38 ELDON STREET, BARNSLEY, S70 2JB
and
39-41 THE ARCADE, BARNSLEY, S70 2QP
SITUATION
Strategically Barnsley is an excellent location between Leeds to the north and Sheffield to the south. It is
centrally placed in the UK and benefits from excellent north-south road communications via the M1 as
well as east west communications via the M62. The A1 is also close by about ten miles or so to the east.
Barnsley is within easy reach of several regional airports and there are excellent rail connections to
London Kings Cross from Wakefield and Doncaster as well as London St Pancras from Sheffield.
This property is within an established and popular secondary retailing location and is set to benefit from
the imminent Barnsley town centre redevelopment.
Managing Director and Company Secretary: CM Rowlands FRICS
Chris Rowlands & Co. is the trading name of Chris Rowlands & Company Limited, Company Registration No. 4232595
Registered in England at Marland House, 13 Huddersfield Road, Barnsley, S70 2LW
Regulated by RICS
DESCRIPTION
This is a substantial and some might say iconic building having been known as Harrals for many years,
despite having had a number of occupiers over the last thirty years or so, most notably Lancasters Estate
Agents and Lime Recruitment.
The building occupies an irregularly shaped corner plot and is built in three specific parts all of three
storey construction plus basement
The corner section incorporating 38 Eldon
Street, part of the upper floors of 36 Eldon Street
and returning to 39 and 41 The Arcade is the
newest part and is built in Ashlar masonry to the
principal elevation with smooth buff coloured
bricks to the return elevation.
There is a feature decorative cornice and
parapet. Windows are single glazed metal
framed units.
The centre section including 34 Eldon Street and
part of the upper floors of 36 Eldon Street is
stone built and painted, also with a decorative
cornice and parapet. Windows are timber single
glazed sliding sash units and they have arched
tops.
The remaining section which is known as 32 Eldon Street and includes parts of the upper floors of 36
Eldon Street is constructed on a cast iron frame and is the original Harral building. It is faced in painted
Ashlar masonry and features a parapet with a large half round upstand. Windows are single glazed
timber sliding sash units.
A large feature clock is attached to the first floor of this section and is a well-known local landmark.
Although 38 Eldon Street is self-contained and has for many years been occupied independently, the
other accommodation is interlinked, although in more recent times it has been sub-divided with parts
occupied separately again.
The building is mostly three storeys with a flat asphalt roof, though there is a small section that has a
pitched concrete interlocking tiled roof.
One section is two storeys and the kitchen to 39 The Arcade is a more recently constructed single storey
extension.
A large glazed skylight sits atop the main staircase between the two upper floors.
There are basements below most of the property though apart from 41 The Arcade they are unused and
offer limited access and headroom.
ACCOMMODATION
(Measured in Accordance with RICS Code of Measuring Practice 6th Edition)
32 Eldon Street
Ground Floor
Description
Saleshop/Showroom
Lobby
Kitchen
Basement
34 Eldon Street
Ground Floor
Description
Saleshop/Showroom
Basement
38 Eldon Street
Ground Floor
Description
Saleshop/Showroom
Basement
39 The Arcade
Ground Floor
36 Eldon Street
Sq. ft.
430
Dimensions
frontage 18’0” x max depth 12’0” but of
irregular shape
(not inspected due to restricted access)
Sq. ft.
Dimensions
frontage x max depth but of irregular
shape
(not inspected due to restricted access)
Sq. ft.
90
73
Sq. ft.
763
--593
Sq. ft.
280
--280
Sq. ft.
896
--896
Description
Coffee Shop
Kitchen
Dimensions
26’3” x 17’8”
13’4” x 5’11”
(not inspected due to restricted access)
Sq. ft.
464
68
Sq. ft.
Description
Saleshop
Store
WC
Dimensions
20’11” x 13’2”
17’7” x 13’4” less 7’0” x 5’0”
---
Sq. ft.
Sq. ft.
275
Basement
41 The Arcade
Ground Floor
Basement
Dimensions
44’0” frontage x max depth 23’0” but of
irregular shape
14’7” x 6’3”
11’0” x 6’8”
(not inspected due to restricted access)
Description
Dimensions
201
---
Sq. ft.
532
--532
201
476
Sq. ft.
First Floor
Offices
Various
2125
Second Floor
Offices
Various
1851
3976
EXTERNAL
The extent of the property is indicated edged red on the attached plan.
SERVICES
All mains services comprising water, drainage, gas and electricity are connected. A gas fired central
heating system is installed to 32 and 36 Eldon Street powered by three zoned boilers. 39 and 41 The
Arcade and 34 and 38 Eldon Street have electric heating only.
RATES
An extract from the 2010 Valuation List is reproduced below. Several rating assessments relate to the
property as follows:
BA reference
Address
51212169002815 32, ELDON STREET, BARNSLEY, S70 2JB
51212169002360 34, ELDON STREET, BARNSLEY, S70 2JB
36/38, ELDON STREET, BARNSLEY, S70
51212169940943
2JB
1ST & 2ND FLR 32-34, ELDON STREET,
51212169062971
BARNSLEY, S70 2JB
2ND FLR 32, ELDON STREET, BARNSLEY,
5121216900816
S70 2JB
51300095962185 39, THE ARCADE, BARNSLEY, S70 2QP
51300095949542 41, THE ARCADE, BARNSLEY, S70 2QP
Rateable
value
With effect
from
OFFICE AND PREMISES
SHOP AND PREMISES
£20,000
£9,800
18 Nov 2011
03 Jan 2013
SHOP AND PREMISES
£23,000
01 Apr 2010
OFFICES AND PREMISES
£13,750
03 Jan 2013
OFFICES AND PREMISES
£2,300
18 Nov 2011
SHOP AND PREMISES
SHOP AND PREMISES
£11,000
£8,000
01 Apr 2010
01 Apr 2010
Description
National non domestic rates are payable by the occupier in accordance with the Uniform Business Rate
which for 2015/2016 is 49.3p in the £, or 48.0 p in the £ where Small Business Rate Relief applies.
TENURE
The property is freehold. 32 and 36 Eldon Street are currently vacant. There are occupational leases as
follows:
34 Eldon Street
Landlord
Tenant
Demise
Term
Rent
Rent Review
Break Option
Repairing and Decorating
Insurance
Alienation
Use
Benj. Harral Limited
David and Lillian Ferrell t/a His & Hers Barbers
34 Eldon Street, Barnsley
Five years from 30th July 2010
Initial two months’ rent free, then £7,000 per annum
None
Tenant’s break option on 1st August 2012 subject to six months prior
written notice which has not been exercised
Tenants responsible for all repairs and decoration
Landlord insures the whole building and tenant reimburses pro-rata to the
area occupied
Assignment of the whole is permitted subject to landlord’s consent and an
Authorised Guarantee Agreement. No sub-letting permitted
Hairdresser and barbers shop or other uses falling within Use Class A1 of
the Use Classes Order 1987
38 Eldon Street
Landlord
Tenant
Demise
Term
Rent
Rent Review
Break Option
Repairing and Decorating
Insurance
Alienation
Use
Benj. Harral Limited
Gordon Cyril Herbert Clark
38 Eldon Street, Barnsley
Ten years from 6th March 2015
£14,400 per annum
6th March 2018 and 6th March 2021
6th March 2018 and 6th March 2021
Tenants responsible for all repairs and decoration
Landlord insures the whole building and tenant reimburses pro-rata to the
area occupied
Assignment of the whole is permitted subject to landlord’s consent and an
Authorised Guarantee Agreement. No sub-letting permitted
Travel shop or other uses falling within Use Classes A1 or A2 of the Use
Classes Order 1987
39 The Arcade
Landlord
Tenant
Demise
Term
Rent
Rent Review
Break Option
Repairing and Decorating
Insurance
Alienation
Use
Benj. Harral Limited
Carol Ann Southam & Catherine Linda Szeroki t/a Britannia Café
39 The Arcade, Barnsley
Ten years from 1st June 2010
£11,000 per annum
1st June 2015
1st June 2015 subject to six months prior written notice
Tenants responsible for all repairs and decoration
Landlord insures the whole building and tenant reimburses pro-rata to the
area occupied
Assignment of the whole is permitted subject to landlord’s consent and an
Authorised Guarantee Agreement. No sub-letting permitted
Retail use falling within Use Class A1 of the Use Classes Order 1987
41 The Arcade
Landlord
Tenant
Demise
Term
Rent
Rent Review
Break Option
Repairing and Decorating
Insurance
Alienation
Use
Benj. Harral Limited
Ranjit Singh Ghatoara t/a Apna Electrics
41 The Arcade, Barnsley
Five years from 1st October 2010
Initial three months’ rent free then £7,500 per annum from 1st January
2011.
Last day review being 30th September 2015
1st October 2013 subject to six months prior written notice which has not
been exercised
Tenant responsible for all repairs and decorations with a limitation that it
will be no better state than at the lease commencement.
Landlord insures the whole building and tenant reimburses pro-rata to the
area occupied
Assignment of the whole is permitted subject to landlord’s consent and an
Authorised Guarantee Agreement. No sub-letting permitted
Retail use falling within Use Class A1 of the Use Classes Order 1987
PLANNING
This property has a long established use for retail and office use.
For many years Benj. Harral Limited traded from the majority of the building as jewellers with the upper
floors used as workshops and storage. The corner shop 38 Eldon Street was occupied by Saxone Shoes.
The remaining upper floors were used by South Yorkshire Rent Officer Service.
In the mid-1980s the property was taken over by Lancasters Chartered Surveyors who used the building
as an Estate Agents showroom and offices with an associated Coffee Shop in 39 The Arcdae.
38 Eldon Street and 41 The Arcade were sub-let for traditional retail uses.
Since Lancasters moved out about ten years ago the upper floors have been more or less disused and a
succession of small retail and office businesses has used the ground floor shops. A coffee shop continues
to occupy 39 The Arcade.
The property is within an area allocated on the Barnsley MBC Local Development Framework Plan as
“Town Centre Area Action Plan”. Uses within this area include retail and offices so the existing form of
uses may continue indefinitely.
Other uses that are likely to be acceptable would include bars, restaurants, leisure etc. which are
generally associated with town centre buildings though such uses would require specific planning
permission.
PRICE
£250,000 (Two Hundred and Fifty Thousand Pounds) Subject to Contract. (No VAT is payable).
VIEWING
Chris Rowlands FRICS
07957 167322
[email protected]
August 2014, updated March 2015
IMPORTANT NOTICE
Chris Rowlands & Co. as agents for the owner of the property referred to in these particulars, and for themselves and their servants, give notice that:
1.
2.
3.
4.
5.
6.
7.
8.
These particulars are provided as a general guide to the property and shall not hereafter become part of any offer or contract.
The statements made herein are provided in good faith but without any responsibility whatsoever. It is for the prospective buyer or tenant to satisfy itself by inspection or otherwise as to the
accuracy and fullness of the statements made herein and must not, in entering into a contract, or otherwise, rely upon these particulars as statements or representations of fact.
If for any reason an interested party wishes to rely on any aspect of the particulars or any statement at any time without further investigation then such interested party should seek written
confirmation from Chris Rowlands & Co. who reserve the right to charge a fee as appropriate.
Neither the owner, nor Chris Rowlands & Co. or their servants has any authority express or implied to make or give any representations or warranties in respect of the property.
In the event of any inconsistency between these particulars and the conditions of sale, the latter will prevail.
Chris Rowlands & Co. has not made any investigation into the existence or otherwise of any matter concerning pollution and/or potential contamination of land, air or water and neither has any
structural survey been carried out. We are unable to comment as to whether the property is free from deleterious materials. Any references to condition are provided for informal guidance only
and are given without responsibility. The prospective buyer or tenant is to be responsible for satisfying itself in these regards.
Where measurements and floor areas are stated they have been carried out using a digital measuring device and are in accordance with the RICS Code of Measuring Practice 6 th Edition.
Measurements and floor areas are provided in good faith for guidance purposes only and a prospective buyer or tenant should satisfy itself as to the accuracy of the measurements and floor areas
stated.
The prospective buyer or tenant should satisfy themselves as to the status of the property for VAT purposes.
GROUND FLOOR LAYOUT
FIRST FLOOR LAYOUT
SECOND FLOOR LAYOUT
SITE PLAN
Altered Scale. Do not measure from plan
CONTEXT PLAN
LOCATION PLAN