6 Carolgate, Retford
£195,000
For Sale
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£195,000
For Sale
Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
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Property summary
Secure 10 year lease until April 2034£14,000 per annum, rising to £15,000 in April 20267.1% NIY rising to 7.7% in April 2026. Prime Retail Unit 5.87m Glazed Frontage on to Carolgate Attractive three storey building, High Footfall locationListed Building EPC - D79Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
More about the property
Investment opportunity situated in Retford’s prime retail core.
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DESCRIPTION
The Property comprises a prime retail investment opportunity, currently producing £14,000 per annum (7.1% NIY), rising to £15,000 (7.7% NIY) from April 2026 and let on a secure 10 year lease.
The Property is an attractive retail building and has double glazed frontage on to Carolgate. The Ground floor retail space extends in the region of 36.6 sqm (394 sq ft), with the First and Second floors providing useful office space or ancillary storage and staff facilities.
The total accommodation reflects 111 sqm (1,196 sq ft).
The Property comprises a prime retail investment opportunity, currently producing £14,000 per annum (7.1% NIY), rising to £15,000 (7.7% NIY) from April 2026 and let on a secure 10 year lease.
The Property is an attractive retail building and has double glazed frontage on to Carolgate. The Ground floor retail space extends in the region of 36.6 sqm (394 sq ft), with the First and Second floors providing useful office space or ancillary storage and staff facilities.
The total accommodation reflects 111 sqm (1,196 sq ft).
LOCATION
The Property is situated on Carolgate, Retford, which is a prime retail destination and a high footfall location in the heart of the town. Nearby occupiers include Newlook, Costa Coffee and Greggs among others. Retford is a popular market town with a population in the region of 22,000.
The Property is situated on Carolgate, Retford, which is a prime retail destination and a high footfall location in the heart of the town. Nearby occupiers include Newlook, Costa Coffee and Greggs among others. Retford is a popular market town with a population in the region of 22,000.
TENURE
The Property is available Freehold at a price of £195,000 (+vat if applicable).
The Property is let on a secure 10 year FRI lease expiring in April 2034. The current passing rent is £14,000 per annum exclusive, with a fixed rental increase to £15,000 from 1st April 2026.
The Property is available Freehold at a price of £195,000 (+vat if applicable).
The Property is let on a secure 10 year FRI lease expiring in April 2034. The current passing rent is £14,000 per annum exclusive, with a fixed rental increase to £15,000 from 1st April 2026.
SERVICES
Mains services water and electric are connected to the Property.
Heating is provided by wall mounted radiators.
None of the services or service installations have been tested and interested parties are advised to make their own inquiries.
Mains services water and electric are connected to the Property.
Heating is provided by wall mounted radiators.
None of the services or service installations have been tested and interested parties are advised to make their own inquiries.
BUSINESS RATES
The Property has a rate able value of £12,250.
The Property has a rate able value of £12,250.
LEGAL COSTS
Each party will be responsible for their own legal costs in documenting the transaction.
Each party will be responsible for their own legal costs in documenting the transaction.
CEPC
The Property has an EPC rating of D-79.
The Property has an EPC rating of D-79.
VIEWING
Viewings are strictly via the sole agents: Pygott & Crone.
36a Silver Street, Lincoln, LN2 1EW
Jamie Thorpe
jthorpe@pygott-crone.com
07741234364
Viewings are strictly via the sole agents: Pygott & Crone.
36a Silver Street, Lincoln, LN2 1EW
Jamie Thorpe
jthorpe@pygott-crone.com
07741234364
