- Well Presented Freehold Ground Floor Business Premises (including Freehold to Maisonette)
- Main Retail Area 58.9m² / 634 sqft
- Storage 15.2m² / 164 sqft
- Elegant internal features and bay windows
- Off road parking and garden
- Grade II Listed
- High profile London Road location
- Owner occupation or investment
- Excellent transport network
- London Kings Cross direct service approx 1 hour 30 mins
Well presented, Freehold Ground Floor Georgian Business Premises in attractive building, suitable for a variety of uses including character apartment (subject to all statutory consents). The seller of this property owns the freehold of the first floor maisonette.
About this property
The property enjoys frontage to London Road in a prominent position on the town's main southern approach. The property is therefore highly visible and readily accessible.
Retford is a vibrant and attractive market town with an immediate population of circa 22,000 people. The town offers a full range of amenities with a number of national multiples represented.
This property lies within the Retford South Conservation Area and is particularly well placed for the areas excellent communication links by road with the A1 lying to the west from which the wider motorway network is available, rail with a mainline railway station on the London to Edinburgh Intercity Link and air having Nottingham East Midlands international airports within comfortable reach.
A ground floor retail unit with internal storage, wc facility and benefiting from off road parking provision.
The property forms the ground floor of a well known and elegant building on the town's southern approach which is Grade II Listed.
The elegant features of the exterior are reflected internally with a number of covings and mouldings. Substantial bays and other fenestration create a bright internal atmosphere.
The property is suitable for various commercial uses, subject to planning; alternatively, there is potential to create a 1-2 bedroom apartment subject to renewal of the lapsed residential planning permission.
Whilst suitable for owner occupation, The Olde Saddlery also delivers a heathy investment opportunity, with potential gross income in the region of £8,000 pa, representing a Gross Initial Yield of c.6.4% (without allowance for purchase costs and taxes). This includes the ownership of the freehold of the whole property.
The specification includes electric heating with gas to the building, meter supply/connection required.
Leaving Retford southbound on the A638 proceed ahead at the Whitehouses mini roundabout and the property will be located on your right hand side just after the roundabout.
Main retail area approx. 634sqft (58.9m²)
Storage 164sqft (15.2m²)
The property was last in use as a photography studio, prior to that a retail and interior design, having previously been retail saddlery and equestrian accessories for many years. Planning in the past has been granted for change of use to a residential apartment.
We consider the property suitable for a number of uses subject to all necessary consents and approvals. Interested parties are requested to make all enquiries relating to planning directly to the Local Planning Authority.
LOCAL PLANNING AUTHORITY
Bassetlaw District Council, Queen's Buildings, Potter Street, Worksop, S80 2AH. Telephone 01909 533533.
The unit is assessed to a rateable value of £5,100 giving a full rates liability of £2,545. Small Business Rates Relief may be available and interested parties should check this information with Bassetlaw District Council Rates Department.
TENURE and POSSESSION
The property is freehold and vacant possession will be given on completion.
Strictly by appointment only, please contact the agents on 01777 709112.
Please contact Jeremy M Baguley at the agents Retford office on 01777 709112.
HOURS OF BUSINESS
Monday to Friday 9am to 5.30pm.
Saturday 9am to 1pm.