- Town centre location
- Recently refurbished coffee shop
- Share of Freehold of larger property
- Current rental income of £4,800 per annum
- Net Initial Yield of 7.25%
INVESTMENT OPPORTUNITY / RETAIL PREMISES FOR SALE
6 CORNHILL, CAISTOR, MARKET RASEN LN7 6UB
GUIDE PRICE £65,000
About this property
Detailed Description
A recently refurbished coffee shop with access off South Street, currently producing a rental income of £4,800 per annum. Internally, the property is well-presented and comprises of a seating area with views over the Market Place, fitted kitchen and WC. Externally, there are benches providing additional seating for customers.
Location
Caistor is a market town in Lincolnshire located approximately 10 miles north of Market Rasen and approximately 12 miles south-west of Grimsby. The town has a population of about 2,800 and the main retail area is around Market Place. It has 2 secondary schools including the popular Caistor Grammar School.
The property is located just off South Street which is adjacent to the Market Place which has a range of businesses, including gift shops, eateries, post office and boots as well as car parking.
Accommodation
The Retail Unit has been measured on a Net Internal Area basis.
Description | m2 | Sq.ft
Sales Area | 28.5 | 306
WC | - | -
Total NIA | 28.5 | 306
Services
We understand that the properties are connected to mains gas, electricity, water and drainage.
Viewing
For further information or to arrange a viewing please contact:
BROWN&CO
William Gaunt 01522 504322
07919 694235
william.gaunt@brown-co.com
VAT
We understand that the property is not elected for VAT.
Legal Costs
Each party will be responsible for their own legal costs incurred in respect of any sale negotiated.
Other
TOWN AND COUNTRY PLANNING
The Retail Unit has been used for many years as a Coffee Shop, and as such has an established use now falling under Use Class E.
For further information in respect of planning-related matters, prospective purchasers should contact West Lindsey District Council on 01427 676676.
EPC
The property has an EPC rating of C65
Terms
We are offering the share of freehold interest at an asking price of
£58,000.
To arrange a viewing contact


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