34 High Street, Mexborough, Mexborough, South Yorkshire, S64 9AS

Description

Register - auctionhouse.co.uk/southyorkshire FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 7TH SEPTEMBER AT 1PM AND CLOSES TUESDAY 8TH SEPTEMBER FROM 1PM. REGISTER TO BID! Auction House South Yorkshire would like to present this mixed use building on Mexborough High Street offered to the market via online auction. This is a mid terraced property of traditional construction arranged as a ground floor commercial space with potential for upstairs residential conversion. The building totals approximately 122.00 sq m (1,312 sq ft). this property is being sold with vacant possession providing an excellent investment opportunity. High Street is a prime location in Mexborough and is currently experiencing a large regrowth programme. Viewings By Request Freehold Council Tax A Epc Rating E Tenure: Freehold EPC Rating: E

Accommodation

A full room schedule was not reliably extracted from the supplied scrape. Confirm accommodation and floor areas from the auctioneer particulars and inspection.

Location

Located in Mexborough, South Yorkshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

• Commercial compliance and fit-out/re-letting review

Rental & Market Context

HB screening rent is approximately £250–£350 pcm (£3,000–£4,200 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £36,750–£42,000 against purchase + works of approximately £55,000–£70,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-21,000–£1,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Review commercial lease/covenant, use class and rates/VAT position

Recommendation

Initial recommendation: Mixed-Use Investment. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Income Investment: ★★★★☆

• Value-Add / Re-Let: ★★★★☆

• Residential BRRR: ★★☆☆☆