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16-26 West Gate, Mansfield, NG18 1RS

For sale: £1,950,000.00|30,625 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£1,950,000.00
SIZE30,625 Sq Ft
ADDRESSWest Gate, Mansfield, NG18 1RS
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON4th October 2023

Description

16-20 West Gate is let to New Look Retailers Ltd for a term expiring 2nd August 2027 at a rent payable in the last financial year of 91,583.66 exclusive
22-24 West Gate is let to Shoe Zone Retail Ltd for a term expiring 10th October 2026 at a rent passing of 55,000 per annum exclusive
26 West Gate is let to Clydesdale Bank Plc t/a Virgin Money for a term expiring 26th June 2025 at a rent passing of 125,000 per annum exclusive
West Gate is the established prime pedestrianised retail pitch of Mansfield town centre
The subject premises are situated opposite Primark and the Four Seasons Shopping Centre
Nearby occupiers include M&S, Primark, WH Smith, Costa Coffee, TUI Travel, McDonalds, Holland & Barrett, River Island, F Hinds, Savers and Greggs
Price of 1.95 million which reflects a net initial yield of 13.08% assuming purchaser's costs of 6.52%

Location

marker
Location: West Gate, Mansfield, NG18 1RS

Mansfield (0.3 miles)

Mansfield Woodhouse (0.9 miles)

Sutton Parkway (3.0 miles)

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