The vast majority of the building is detached with just the ground floor shower room of the apartment adjoining a neighbouring office building.
The layout currently consists of a ground floor one bedroom apartment with enclosed garden achieving an annual gross rental of £5,100.00 and then accessed via an external staircase are the office premises which consist of a well equipped kitchen, w.C., two first floor rooms and a staircase leading to the second floor attic space which is a spacious third room.
Although described as offices we believe subject to the necessary consents and change of use, these rooms and the apartment could be converted into a full residential building, two apartments or full commercial possibly retail and office space.
Formerly one residential dwelling, converted and renovated approximately 6 years ago the accommodation throughout is well presented, and maintained and decorated to a good standard.
The apartment is rented out on an assured short hold basis expiring in October 2018.
Easy pedestrian access is permitted through the covered alleyway between 10 and 12 St Marys Street and after a few strides you are within the high street area of Penistone centre.
The vehicular access route is via Church Street, at the side of Churchfield Vets take the entrance to the left and left at the end, this leads directly to the substantial electrically operated gates of Tannery House and 12b St Marys Street, ample private parking and turning space is included.
We are informed that a right of way does exist within the boundaries to allow access for neighbouring properties on foot from Church Street to access St Marys Street.
We estimate with the office units being fully Occupied and let aswell as the apartment the property is capable of achieving a conservative return of approximately £6600 per annum for the offices plus the £5100 per annum for the apartment, a gross annual income of total £11,700 providing a an investment return of 6.5%
Council tax band A for the apartment and the rateable value is £3,500 per annum. For the upper floors. Although it is expected that most small businesses would apply for small business relief.
Both the two separate premises have independent electric and gas however do share one water supply.
Please note there is no VAT applicable to the purchase price.
Please note these are draft details and have not yet been verified by our vendor client.
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