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Retford – High Yielding Investment Opportunity

63-69 Carolgate, Retford, Nottingham, DN22 6DA

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold

Income

£218,945 pa

Description

  • Retford is a historic market town in Nottinghamshire.
  • Situated in the prime retailing pitch on pedestrianised Carolgate.
  • 100% let to ‘Very Low Risk’ tenants.
  • Total of approximately 36,841 sq ft.
  • The property comprises 3 retail units arranged over ground and first floor.
  • WAULT of 7.89 years to expiry (6.46 years to break).
  • Fully let to B&M, Peacocks and Boyes.
  • Passing rent of £218,945 per annum reflecting a low rent of £5.94 per sq ft.
  • We are instructed to seek offers in excess of £1,875,000 subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 11% and a low capital value of £50 per sq ft.