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29 The Square, Retford, Nottinghamshire, DN22 6DQ

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29 The Square, Retford, Nottinghamshire, DN22 6DQ

1,787 sq. ft. (166.02 sq. m.)

For the Freehold

£195,000

Retail

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.

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About this property

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).

Accommodation

Approx. net floor areas:

Ground floor 101.49 sq m (1,093 sq ft)
First floor 64.47 sq m (694 sq ft)
Top floor flat not measured but consistent with the first floor.

Other

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.