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Agent's details

17-19 Queen Street

For sale: £35,000.00|853 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£35,000.00
SIZE853 Sq Ft
ADDRESS17-19 Queen Street, Market Rasen, Lincolnshire, LN8 3EN
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON15th May 2024

Description

The property comprises a high yielding retail investment with evident asset management potential.

Arranged across ground floor only and comprising a double fronted retail unit of 853 sq ft (79.28 sq m), the property is let to a private individual trading as The Green Life Pantry on a lease that has expired and paying £4,800 per annum.

The property is evidently under-rented, as the adjacent number 21 (which is a single retail unit of 437 sq ft), has recently let for £5,040 per annum. We therefore consider the property offers evident asset management potential via re-gearing of the existing lease and improvement of the rent.

Market Rasen is a popular market town in Lincolnshire and Queen Street is the principal retail parade.

Location

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Location: 17-19 Queen Street, Market Rasen, Lincolnshire, LN8 3EN

Market Rasen (0.1 miles)

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