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Retford – Retail Investment

27/29 Carolgate, Retford, DN22 6BZ

  • Offers in the region of

£675,000

Property Features

  • Strong Market Town
  • Prime location
  • Two well-proportioned retail units
  • 2 residential apartments above
  • Let to Partners The Stationers t/a Ryman and Cancer Research UK
  • Current rental income - £70,900 pax
  • Price - £675,000
  • Net Initial Yield – 9.98%
View Brochure

Location

Description

A two storey property of traditional brick construction under a flat roof, comprising 2 retail units with well-proportioned ground floor sales accommodation. At first floor there is a separate access leading to one 2-bed and one 3-bed apartment.

27 Carolgate is let to Cancer Research UK Ltd at a current rent of £23,000 per annum exclusive on a 10 year FRI lease from 30th March 2016, expiring 29th March 2026.  The passing rent devalues to £40 Zone A.

29 Carolgate is let to Partners The Stationers Ltd t/a Ryman at a current rent of £35,000 per annum exclusive on a 10 year FRI lease from 6th July 2014, expiring 5th July 2024.  The passing rent devalues to £40 Zone A.

The upper floors have been converted to form 2 apartments both let to individuals at a total rent of £12,900 per annum exclusive.

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Agent Details

Jonathan Wade

(Hons) MRICS

Investment Surveyor

07743 807084
jonathan@bht.uk.com

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Retford – Retail Investment

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