29 The Square, Retford, DN22 6DQ

Location

Fully income producing investment

Total income £20,700 pa

Grade II listed building

EPCs available on request

Fully income producing investment comprising of a ground floor shop, first floor treatments salon and second floor flat.

£20,700 pa total income with potential rental growth.

NOTE: The trading of the existing tenant businesses are unaffected by any sale.

Detailed Description

The property is a period 3 storey building. The building is grade II listed and within the towns Conservation Area.

The main shop area at ground floor is currently fitted out by the tenant as a tanning studio. A separate side door leads to the stairs to the first floor treatment salon with further stairs to the top floor 2 bed flat.

Location

The Property is located on the Market Place in the town centre of Retford.

Retford is a vibrant and attractive market town with an immediate population of approx. 24,000 and a 10 mile radius population of 216,700 (Source EGi Town Report).

TENANCIES
Ground floor let on lease ending 31st March 2027 at a rent of £10,500pa.
First floor let on a lease to 1st May 2027 at a rent of £4,800 pa.
Flat let on an AST (holding over) at a current rent of £450 per month.
Copies of the agreements are available on request.

There is an opportunity, in our opinion, for rental growth on renewals.

Summary

Key points

• Fully income producing investment
• Total income £20,700 pa
• Grade II listed building
• EPCs available on request

Contact

Brown & Co
Tel: 01777 712942
Paul D White
pdwhite@brown-co.com
https://www.brown-co.com

EPC