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10 Grove St, Retford

Shop for sale

£275,000 1,932 sq ft

Fisher German
Highlights
  • Prominently positioned retail premises
  • New 10 year lease in place from December 2018
  • WAULT approx 5.5 years to break
  • NIY 6.8% assuming normal purchasers costs
  • Well let retail investment
  • Let to Sequence (UK) Limited
Property type

Shop for sale

Full address
10 Grove St, Retford DN22 6JR – Retford
Asking price
£275,000
Available space range
There is 1 space available. This measures 1,932 sq ft.
Brochure
Download the brochure

Sale details

Sale unit 3603488 Available

1,932 sq ft, £142.34 per sq ft

Unit Sale unit 3603488
Address 10 Grove St, Retford, Nottinghamshire, DN22 6JR, GB
Size 1,932 sq ft
Price £275,000
Price per unit £142.34 per sq ft
  • The property comprises a three storey traditionally constructed building in solid brick elevations, with a pitched tiled roof over.
  • The building provides a ground floor retail unit with stores off with offices over both the first and second floors.
  • The building has been in use as an estate agency practice for approximately 33 years, and is currently occupied by sequence (uk) limited trading as w h brown.
  • The property has been an estate agency use since 1983, and has been occupied by sequence (uk) limited trading as w h brown for 20 plus years.
  • Sequence (uk) limited have completed a new lease, which will commence upon the expiration of the existing lease which expires december 24th 2018. the new lease is for an additional term of 10 years.
  • The lease is drawn on internal repairing and insuring terms,at a rental of £20,000 per annum.
  • The lease contains a tenant break option on 25th december 2023. there is a rent review on the fifth anniversary of the term.
  • The property is offered at a guide price of £285,000, which based upon normal purchasers costs 3.1% shows a net initial yield of 6.8%.
  • The building may offer further development opportunities, by the splitting of the upper floors, which gives another dimension to this property.
  • Sequence (uk) limited is a national network of estate agents, with over 320 offices around the country.
  • They are an award winning estate agent operating under a different trading names.
  • To the 31st december 2016 the company recorded a turnover of £173 million, with pre tax profits of £24.5 million, and reported a net worth of £12.156 million.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for 10 Grove St, Retford

The property comprises a building of masonry construction arranged over three floors offering retail accommodation within.

The property is located on Grove Street within Retford, Nottingham.

Number of storeys
3
Rentable building area
1,932 sq ft
Year built
1932
Parking
Surface

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Retford.

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Meet the team

Fisher German LLP

  • A profile photo of Ben Flint Ben Flint
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Fisher German. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Fisher German for full details and further information.