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H. Samuel, 24 May Day Green, Barnsley, South Yorkshire, S70 1SH

3,194 Sq Ft (296.72 Sq M)

£500,000 Offers in the region of

Retail

Key Features

FREEHOLD INVESTMENT OPPORTUNITY LET TO NATIONAL COVENANT

296.71 Sq M (3,194 Sq Ft) NIA

STRONG NATIONAL COVENANT & A WELL-PRESENTED PROPERTY

AVAILABLE AT £500,000 REFLECTING NIY OF 9.55%

NEW 5 YEAR LEASE FROM JULY 2024

General Description

FOR SALE - RETAIL INVESTMENT LET TO NATIONAL COVENANT

SUMMARY
Well located retail investment let to H Samuel on a new 5 year lease at £50,000 per annum. The tenant is well established throughout the UK with over 150 years trading history.
- Prime town centre retail investment
- 296.71 Sq M (3,194 Sq Ft) NIA
- Well-presented property
- Mid to long term redevelopment potential of the upper floors
- Located in the prime retail area of Barnsley
- Excellent covenant strength - turnover £384 million, cash at hand £8.8m, shareholders funds

Inviting offers in the region of £500,000 reflecting a NIY of 9.55% after purchaser's costs of 4.70%.

LOCATION
The property is situated in a prime retail area of Barnsley.
Positioned right in the city centre, this property benefits from heavy footfall and is surrounded by a vibrant mix of retail, dining, and entertainment options. It is situated on the main thoroughfare, making it a prime location for retail uses.

The area also boasts excellent local amenities, including banking facilities, parking options, and leisure activities.

Barnsley is a town in South Yorkshire with a population of 96,000 with a wider borough population of 244,000.

DESCRIPTION
A premier commercial property, this two-floor property is currently occupied by the well established national retailer retailer, H.Samuel, ensuring a prestigious and high-visibility presence.

Ground Floor
The expansive ground floor features large display windows that offer street frontage. Inside, the space is open-plan, providing maximum flexibility for various retail layouts or other commercial uses. The well-maintained interior includes suspended, modern lighting, and quality flooring.

First Floor
Accessible via a wide staircase, the first floor offers additional office/ storage area featuring ample natural light and versatile configurations to suit a wide range of commercial, or residential purposes STP.

ACCOMMODATION
Ground Floor
122.64 Sq M (1,320 Sq Ft)
First Floor
110.32 Sq M (1,188 Sq Ft)
Basement
63.70 Sq M (686 Sq Ft)
Total
296.71 Sq M (3,194 Sq Ft)
Measurements provided by the VOA. Net Internal Areas.

TENANCY INFORMATION
Tenant: Signet Trading Ltd t/a H. Samuel
Term: 5 years FRI from July 2024 (with annual break clauses from 1 January 2025 and annually thereafter on 6 months written notice)
Repairs: FRI
Rent: £50,000 per annum exclusive

COVENANT INFORMATION
H. Samuel is a mass-market jewellery chain operating in the United Kingdom and Ireland. As part of the Signet Group of jewellery retailers, it has over 200 stores across both countries and trades under the name Signet Trading Ltd. H Samuel was established in 1862.

Turnover: £384 million
Cash at bank: £8.8 million
Shareholder Funds: £215.8 million as of 2023.

INVESTMENT PROPOSAL
Inviting offers in the region of £500,000 reflecting a NIY of 9.55% after purchaser's costs of 4.70%.

TENURE
Freehold.

ANTI MONEY LAUNDERING
Purchasers are required to comply with Anti Money Laundering Regulations.

EPC
D (90)

VAT
The property is subject to VAT but we anticipate the sale will be treated as a TOGC.

VIEWINGS
By appointment with the agents below:

Ben Flint
E: ben@flintrealestate.co.uk
T: 01302 639838 / 07494735001

Alexandra De Freitas
E: alexandra@flintrealestate.co.uk
T: 01302 639838 / 07538 844869