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Retford – Retail Investment

33-35 Carolgate, Retford, DN22 6BZ

  • Price
  • Offers in the region of

£415,000

Property Features

  • Strong Market Town
  • Prime location
  • Let to Vodafone Ltd and JR Shoes
  • Current rental income - £43,500 pax
  • Price - £415,000
  • Net Intial Yield - 10.05%
View Brochure

Location

Description

The property comprises a brick built 2 storey building comprising 2 retail units.

33/35 Carolgate comprises ground floor sales with a first floor which has been voided off. The unit is fitted out in Vodafone’s usual corporate style. It is let to Vodafone Ltd at a current rent of £30,000 per annum exclusive on a 10 year FRI lease commencing 9th May 2014, expiring 8th May 2024.   The passing rent devalues to £40.91 Zone A.

37 Carolgate comprises ground floor sales with first floor storage. It is let to Gary Job at a current rent of £13,500 per annum exclusive on a 5 year lease from 30th May 2018, expiring 29th May 2023.   The tenant had a break option in May 2021 which was not exercised.  The passing rent devalues to £44.83 Zone A.

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Agent Details

Jonathan Wade

(Hons) MRICS

Investment Surveyor

07743 807084
jonathan@bht.uk.com

Enquire About This Property

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Retford – Retail Investment

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