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Agent's details

Kiosk Unit, Grove Street, Retford, Nottinghamshire, DN22 6LJ

For sale: £60,000.00|301 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£60,000.00
SIZE301 Sq Ft
ADDRESSKiosk Unit, Grove Street, Retford, Nottinghamshire, DN22 6LJ
TYPERetail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON7th September 2021

Description

The opportunity to purchase an affordable commercial investment held on a 6 year lease, located in a popular market town. The investment will suit experienced investors as well as first time commercial buyers.


INVESTMENT SUMMARY

- Well located lock up retail premises
- Recently refurbished to a good standard
- Let to a well established local dog grooming business on a 6 year lease from 9th July 2018
- Let at £5,200 per annum exclusive
- Full repairing and insuring lease
- Outstanding upwards only rent review dated from 9th July 2020
- Circa 3 years remaining
- 3 months rent deposit held by the landlord
- Tenant has traded well despite lockdown
- Suit first time commercial investors - easy to manage


INVESTMENT PROPOSAL
Seeking offers in the region of £60,000

Reflecting an attractive yield of 8.67%
Potential reversionary to circa 10% yield following a rent review to ERV of £6,000 pax.

Copies of the lease are available upon request.


( Agency Pilot Software Ref: 104779 )

Location

marker
Location: Kiosk Unit, Grove Street, Retford, Nottinghamshire, DN22 6LJ

Retford (0.6 miles)

Worksop (7.7 miles)

Gainsborough Lea Road (8.1 miles)

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