20-22 Doncaster Road Goldthorpe, Rotherham, South Yorkshire, S63 9HH
- Conditional Online Auction Sale
- Bedrooms: 4
- Bathrooms: 2
GOTO PRESENTS THIS 4 BEDROOM WAREHOUSE IN ROTHERHAM - S63
Tenure
FREEHOLD
Description
Property Description
A fantastic mixed-use freehold investment opportunity comprising a spacious double-fronted ground floor commercial unit and two self-contained two-bedroom flats above, each with separate access.
The property is part let and offers immediate scope to increase income through letting of the vacant units and possible reconfiguration of the commercial space. Situated in a high-footfall location on Doncaster Road, the property benefits from excellent transport links and nearby residential development activity.
Features:
Mid-terrace freehold mixed-use property
Double-fronted commercial unit – approx. 1,184 sq. ft.
Two x 1-bedroom flats with private rear access
Flat 20A: Let at £85/week – new 12-month AST on completion
Flat 22A: Vacant – rental potential £120/week
Commercial unit vacant – estimated income £12,000 – £15,000 p.a.
Scope to split the commercial unit for multiple tenancies
Rear parking and access for upper flats
Recently upgraded shutters, windows and doors
Located near Goldthorpe Railway Station
Easy access to Barnsley, Doncaster, Rotherham & A1(M)
Local Area & Developments
Within walking distance of Goldthorpe Station
Close to major residential developments (130+ new homes nearby with a further 127 homes planned)
Popular commuter location with strong rental demand
Utilities & Connectivity
Broadband speeds: Up to 1000 Mbps (Ultrafast available)
Mobile coverage: All major UK networks
TV Services: BT and Sky available
Flood Risk: None (rivers/seas), Very Low (surface water)
Investment Stats
Current Yield: Low, with immediate scope to increase
Potential Yield (Fully Let): 10%+ gross at estimated market rents
Value-add opportunity: Split commercial unit, relet vacant flat
High-demand area with growing population and infrastructure
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Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
EPC Rating
CURRENT 57
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £6,600 including VAT and a legal pack charge of £396 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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