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Excelsior Court Investment, Doncaster, DN12 3HQ

For sale: £295,000.00|2554 Sq Ft|Retail - High Street, Other, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£295,000.00
SIZE2554 Sq Ft
ADDRESSExcelsior Court Investment, , Conisborough, Doncaster, DN12 3HQ
TYPERetail - High Street, Other, Retail, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON3rd August 2020

DESCRIPTION

A fully let mixed use investment featuring six ground floor retail units with a first floor apartment situated in an attractive courtyard setting in the heart of Conisborough Village Centre. The property provides customer parking for up to 3/4 vehicles.

- Fully let generating an income of £31,900 PAX over six ground floor retail units and one modern, first floor apartment
- Bustling retail parade with a great tenant mix
- No arrears
- Tenants on new 3 year leases from 2019/20
- Units benefit from 100% Small Business Rates Relief
- Popular location
- Fixed rental uplifts to £33,340 per annum exclusive
- Good opportunity for rental growth
- Asking price £295,000
- Reflecting a very attractive gross yield of 10.81%
- Reversionary yield of 11.30 %

Unit 1 - Milkeshake/Gellato Bar - 3 year lease from August 2020 @ £4,500 PAX (uplift to £4,740 from 18 months)
Unit 2 - Home Fuirnishings - 3 year lease from March 2020 @ £4,200 PAX
Unit 3 - Salon - 3 year lease from February 2020 @ £4,600 PAX
Unit 4 - Computor Games - 3 year lease from April 2020 @ £4,800 PAX (uplifts to £5,400 year 2, £6,000 year 3)
Unit 5 - First Floor Flat - 12 month AST from September 2020 @ £5,400 PAX
Unit 6 and 7 - Gin Bar - 3 year lease from August 2019 @ £8,400 PAX
Total passing rent : £31,900 Per annum exclusive
Fixed uplifts to £33,340 Per annum exclusive
Full tenancy schedule available upon request

Please contact Ben Flint at Fisher German or the Joint Agent Neil Keally at Burgess Commercial 01709 721706

( Agency Pilot Software Ref: 104414 )

LOCATION

Location: Excelsior Court Investment, , Conisborough, Doncaster, DN12 3HQ

Conisbrough (0.4 miles)

Mexborough (2.5 miles)

Swinton (Yorks) (3.2 miles)

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