COMPASS HOUSE - estateagentslive.net...COMPASS HOUSE 1 - 15, Compass House, Castlereagh Street, Barnsley, S70 1BA. ResInvest are delighted to oﬀer this well presented development

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C O M PA S S H O U S E1 - 15, Compass House, Castlereagh Street, Barnsley, S70 1BA

ResInvest are delighted to offer this well presented development of 15 x apartments consisting of 1 x 2bed and 14 x 1 bed apartments located within an recently converted building located close to the towncentre 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 andmarkets, restaurants, hospitals, schools and a college.

SERVICE CHARGE

£600 pa - per apartment £9,000 pa

GROUND RENT

£200 pa per apartment £3,000 pa

LEASE

125 Years from 2017

14 x 1 Bedroom Apartment

£62,5001 x 2 Bedroom Apartment

£72,500Total Purchase Price

£947,000Gross rental yield

10.1%Net rental yield

8.0%

Net rental yield is assured for 3 years

2

COMPASS HOUSE

Tel: +44 (0) 203 887 3807 www.resinvestproperty.com

Pre-development stage

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14AVAILABLE

THE PROPERTY COMPRISES OF; LOUNGEAND KITCHEN WITH FRIDGE FREEZER,BUILT IN OVEN, HOB AND EXTRACTOR. A GOOD SIZED BEDROOM AND A MODERNSHOWER ROOM.

APPROXIMATE SIZE: 430 SQ FT

FURNISHING: UNFURNISHED

LOUNGEGenerous sized living area with window to front andelectric radiator.

KITCHENFitted with a range of wall and base units withcomplimentary working surfaces. Stainless steelsink unit. Built in oven, hob and extractor. Fridgefreezer. Splash back tiling, and sockets.

BEDROOMElectric radiator.

BATHROOMWith modern white suite, panel bath with showerabove, pedestal wash hand basin, low level WC,extractor fan.

PARKING

1 BEDROOM APARTMENTEXAMPLE

Tel: +44 (0) 203 887 3807 www.resinvestproperty.com4

1AVAILABLE

THE PROPERTY COMPRISES OF; ENTRANCEHALL, LOUNGE, KITCHEN, FRIDGE FREEZER,BUILT IN OVEN, HOB AND EXTRACTOR. A GOOD SIZED BEDROOM AND A MODERN BATHROOM.

APPROXIMATE SIZE: 550 SQ FT

FURNISHING: UNFURNISHED

LOUNGEGenerous sized living area with window to front andelectric radiator.

KITCHENFitted with a range of wall and base units withcomplimentary working surfaces. Stainless steelsink unit. Built in oven, hob and extractor. Fridgefreezer. Splash back tiling, and sockets.

BEDROOMElectric radiator.

BATHROOMWith modern white suite, panel bath with showerabove, pedestal wash hand basin, low level WC,extractor fan.

PARKING

2 BEDROOM APARTMENT EXAMPLE


PROPOSED PLANGROUND FLOOR


PROPOSED PLANFIRST FLOOR


Plot Storey Beds Parking SqFt1 G 1 YES 4302 G 1 YES 4303 G 1 YES 4304 G 1 YES 4305 G 1 YES 4306 G 1 YES 4307 G 1 YES 4308 1ST 1 YES 4309 1ST 1 YES 43010 1ST 1 YES 43011 1ST 1 YES 43012 1ST 1 YES 43013 1ST 2 YES 55014 1ST 1 YES 43015 1ST 1 YES 430

ACCOMODATIONSCHEDULE

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THE AREA.

Outline plans have been approved to demolish355,000 sq ft of retail and office space in thecommercial core of Barnsley and build a numberof new of properties and facilities in a bid toregenerate the town.

The development, which will create jobs, comprises arefurbished retail offering including food and drinkamenities, a new cinema and more open public space.

The proposal, submitted by Barnsley MetropolitanBorough Council, is designed to reinvigorate the townby first demolishing a series of multi-storey buildingthat date from the 1970s.

These are just a few on the planned improvements tothe town centre that will attract investment into the borough:

• New town squareA new landscaped public square where routes intothe town centre meet. The square will be largeenough for market stalls and public events, and willlook into the refurbished indoor market.

• Revamped metro centre and market hall Bright, open and inspiring, this newly refurbishedspace will create flow between outdoor and indoorshopping, and easier to get to for shoppers and businesses.

• New shopping boulevardBy extending Lambra Road there’ll be a new routebehind the redeveloped indoor markets with newshopping and leisure opportunities

.• New central libraryProposed for location on Mayday Green, this state of the art building will be a hub forcommunity activity.

• New car parkingHigh quality, safe, bright, and easy to access open-air car parking, with plenty of spaces.

14 x 1 Bedroom Apartment

£62,5001 x 2 Bedroom Apartment

£72,500Total Purchase Price

£947,000Gross rental yield

10.1%Net rental yield

8.0%

Regeneration project Barnsley Town Centre

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Barnsley Town Centre 7 MinutesBarnsley Train Station 14 minutes

Sheffield City Centre 34 minutesWakefield City Centre 26 minutesLeeds City Centre 33 minutes

Nearest Local Train station Barnsley 10 minutes’ walkNearest national Train Station Wakefield: 30 miles by carBy train to London Wakefield – London: 2 hrs 20 mins

Map Coordinates: 53°33'01.9"N 1°29'02.3"W

Tel: +44 (0) 203 887 3807 www.resinvestproperty.com

Barnsley town centre <1 mile Barnsley FC Stadium 3 miles M1 Junction 36 2.9 miles

THE LOCAL AREAINFORMATION

1010

COMPARABLES FOR SALESTHIS ILLUSTRATES WHERE THE PROPERTY WILLFIT INTO PRICE WISE ON RE-SALE; £62,500

PURCHASE PRICE - 1 BED

£89,950This property is for sale and is similarsize and spec as the property offered.

SEE ONLINE AT RIGHTMOVE.CO.UK











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COMPARABLES FOR SALESTHIS ILLUSTRATES WHERE THE PROPERTY WILLFIT INTO PRICE WISE ON RE-SALE; £72,500

PURCHASE PRICE - 2 BED













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COMPARABLES FOR LETTINGSTHIS ILLUSTRATES WHERE THE PROPERTY WILLFIT INTO PRICE WISE REGARDS TO LETTINGS; £525pcm

ESTIMATED RENTAL - 1 BED

£550pcmThis is a 1 bedroom and is similar insize and spec to the property offered.












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COMPARABLES FOR LETTINGSTHIS ILLUSTRATES WHERE THE PROPERTY WILLFIT INTO PRICE WISE REGARDS TO LETTINGS; £675pcm

ESTIMATED RENTAL - 2 BED













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*Disclaimer: The service charge advertised is only an estimate of service charge and is not an exact gure of theservice charge applicable for the property or the building and is subject to a formal valuation by a ManagingAgent. The Managing Agent will then provide a more accurate service charge budget for the whole of the buildingwhich may include any works required. Service charge is also reviewed twice a year and could be subject toincrease in accordance with the term of the Lease for the property. The estimate therefore cannot be relied upon.

Telephone: 0330 223 0331

Documents

COMPASS HOUSE - estateagentslive.net...COMPASS HOUSE 1 - 15, Compass House, Castlereagh Street, Barnsley, S70 1BA. ResInvest are delighted to oﬀer this well presented development