Schedule of Accommodation
Completion: Q2 2021
The property comprises of three storeys with Commercial Units on the Ground Floor and vacant office space on the two upper floors. This property will bring 19 new one and two bed apartments to the newly regenerated area of Barnsley.
Yorkshire House is prominently located on Shambles Street in Barnsley town centre, a busy shopping area with numerous Retail Units.
It is a key building in Barnsley town centre and approximately a 10-minute walk from the Railway Station. HJ Collection is working with Northern construction partner, Empire Property Concepts, capitalising on Government 'permitted development' schemes in prime Northern locations.
The property comprises of three storeys with Commercial Units on the Ground Floor and vacant office space on the two upper floors. This property will bring 17 one-bed and 2 two-bed apartments to the newly regenerated area of Barnsley.
With roots in the coal mining, glassmaking and textiles industries, Barnsley has been transformed in recent years into a strong service economy. The UK governments huge public investment in the north of England has benefitted many towns and cities in the region. Larger cities such as Leeds and Sheffield are particularly noteworthy in their economic development over the last decade. Barnsley, however, has also prospered enormously in recent times with £178 million been spent on transforming it into one of the best market towns in the UK. Amongst these regeneration programmes, the council revamped the Barnsley Interchange which has helped connect it to the rest of the north and wider UK.
The larger Sheffield City Region is investing in Barnsley, creating development opportunities that will enhance the employment aspirations in the borough. Part of their business plan is to attract 1,600 new businesses, whilst creating 39,000 jobs by 2033. The plan expects to achieve this through investment in infrastructure, improving the town centre and attracting inward investment. Over the last 10 years, property prices in Barnsley have risen 35.26% and further investment will ensure rents and property prices in Barnsley continue to increase rapidly. Investors should take advantage of Barnsley’s relatively low property prices with an eye to its future prosperity.
Total project costs
Valuation (8% yield)