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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.