COMPASS HOUSE. 1-15, Compass House, Castlereagh Street, Barnsley, S70 1BA
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1 COMPASS HOUSE 1-15, Compass House, Castlereagh Street, Barnsley, S70 1BA 1
2 14 x 1 Bedroom Apartment 62,500 1 x 2 Bedroom Apartment 72,500 Total Purchase Price 947,000 SERVICE CHARGE 600 pa - per apartment 9,000 pa GROUND RENT 200 pa per apartment 3,000 pa LEASE 125 Years from 2017 Gross rental yield 10.1% Net rental yield 8.0% Net rental yield is assured for 3 years ResInvest are delighted to offer this well presented development of 15 x apartments consisting of 1 x 2 bed and 14 x 1 bed apartments located within an recently converted building located close to the town centre of Barnsley, South Yorkshire. The property also has parking for the apartments. This excellent development situated close to all local amenities, including transport links, shops and markets, restaurants, hospitals, schools and a college. 2
3 Pre-development stage COMPASS HOUSE 3 Tel: +44 (0)
4 THE PROPERTY COMPRISES OF; LOUNGE AND KITCHEN WITH FRIDGE FREEZER, BUILT IN OVEN, HOB AND EXTRACTOR. A GOOD SIZED BEDROOM AND A MODERN SHOWER ROOM. 1 BEDROOM APARTMENT EXAMPLE 14 AVAILABLE APPROXIMATE SIZE: 430 SQ FT FURNISHING: UNFURNISHED LOUNGE Generous sized living area with window to front and electric radiator. KITCHEN Fitted with a range of wall and base units with complimentary working surfaces. Stainless steel sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling, and sockets. BEDROOM Electric radiator. BATHROOM With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan. PARKING 4 Tel: +44 (0)
5 THE PROPERTY COMPRISES OF; ENTRANCE HALL, LOUNGE, KITCHEN, FRIDGE FREEZER, BUILT IN OVEN, HOB AND EXTRACTOR. A GOOD SIZED BEDROOM AND A MODERN BATHROOM. 2 BEDROOM APARTMENT EXAMPLE 1 AVAILABLE APPROXIMATE SIZE: 550 SQ FT FURNISHING: UNFURNISHED LOUNGE Generous sized living area with window to front and electric radiator. KITCHEN Fitted with a range of wall and base units with complimentary working surfaces. Stainless steel sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling, and sockets. BEDROOM Electric radiator. BATHROOM With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan. PARKING 5 Tel: +44 (0)
6 PROPOSED PLAN GROUND FLOOR 6 Tel: +44 (0)
7 PROPOSED PLAN FIRST FLOOR 7 Tel: +44 (0)
8 ACCOMODATION SCHEDULE Plot Storey Beds Parking SqFt 1 G 1 YES G 1 YES G 1 YES G 1 YES G 1 YES G 1 YES G 1 YES ST 1 YES ST 1 YES ST 1 YES ST 1 YES ST 1 YES ST 2 YES ST 1 YES ST 1 YES 430 8
9 14 x 1 Bedroom Apartment 62,500 1 x 2 Bedroom Apartment 72,500 Total Purchase Price 947,000 THE AREA. Outline plans have been approved to demolish 355,000 sq ft of retail and office space in the commercial core of Barnsley and build a number of new of properties and facilities in a bid to regenerate the town. The development, which will create jobs, comprises a refurbished retail offering including food and drink amenities, a new cinema and more open public space. The proposal, submitted by Barnsley Metropolitan Borough Council, is designed to reinvigorate the town by first demolishing a series of multi-storey building that date from the 1970s. New shopping boulevard By extending Lambra Road there ll be a new route behind the redeveloped indoor markets with new shopping and leisure opportunities. New central library Proposed for location on Mayday Green, this state of the art building will be a hub for community activity. New car parking High quality, safe, bright, and easy to access open-air car parking, with plenty of spaces. Gross rental yield 10.1% Net rental yield 8.0% These are just a few on the planned improvements to the town centre that will attract investment into the borough: New town square A new landscaped public square where routes into the town centre meet. The square will be large enough for market stalls and public events, and will look into the refurbished indoor market. Revamped metro centre and market hall Bright, open and inspiring, this newly refurbished space will create flow between outdoor and indoor shopping, and easier to get to for shoppers and businesses. Regeneration project Barnsley Town Centre 9
10 THE LOCAL AREA INFORMATION Barnsley Town Centre Barnsley Train Station 7 Minutes 14 minutes Sheffield City Centre Wakefield City Centre Leeds City Centre 34 minutes 26 minutes 33 minutes Nearest Local Train station Barnsley 10 minutes walk Nearest national Train Station Wakefield: 30 miles by car By train to London Wakefield London: 2 hrs 20 mins Map Coordinates: 53 33'01.9"N 1 29'02.3"W Barnsley town centre <1 mile Barnsley FC Stadium 3 miles M1 Junction miles 10 Tel: +44 (0)
11 COMPARABLES FOR SALES PURCHASE PRICE - 1 BED 62,500 THIS ILLUSTRATES WHERE THE PROPERTY WILL FIT INTO PRICE WISE ON RE-SALE; 89,950 87,500 75,000 75,000 70,000 70,000 11
12 COMPARABLES FOR SALES PURCHASE PRICE - 2 BED 72,500 THIS ILLUSTRATES WHERE THE PROPERTY WILL FIT INTO PRICE WISE ON RE-SALE; 95,950 95,000 94,995 92,995 90,000 88,000 12
13 COMPARABLES FOR LETTINGS THIS ILLUSTRATES WHERE THE PROPERTY WILL FIT INTO PRICE WISE REGARDS TO LETTINGS; ESTIMATED RENTAL - 1 BED 525pcm 550pcm 550pcm 550pcm 537pcm 550pcm 525pcm 13
14 COMPARABLES FOR LETTINGS THIS ILLUSTRATES WHERE THE PROPERTY WILL FIT INTO PRICE WISE REGARDS TO LETTINGS; ESTIMATED RENTAL - 2 BED 675pcm 675pcm 650pcm 650pcm 645pcm 650pcm 625pcm 14
15 Telephone: *Disclaimer: The service charge advertised is only an estimate of service charge and is not an exact gure of the service charge applicable for the property or the building and is subject to a formal valuation by a Managing Agent. The Managing Agent will then provide a more accurate service charge budget for the whole of the building which may include any works required. Service charge is also reviewed twice a year and could be subject to increase in accordance with the term of the Lease for the property. The estimate therefore cannot be relied upon. 15
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