Retail/Shop For Sale, Retford

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.

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.