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The Tillbridge Centre

Shop for sale

£1,600,000 9,400 sq ft

Pygott & Crone
Contacts

Jamie Thorpe - Pygott & Crone

Jasper Caudwell - Pygott & Crone

Full address
Corringham Rd, Gainsborough DN21 1EQ – Gainsborough
Property owner
Gelder Group Ltd
Property type

Shop for sale

Asking price
£1,600,000
Available space range
There is 1 space available. This measures 9,400 sq ft.
Features
Energy Performance Rating - A, Energy Performance Rating - B
Brochure
Download the brochure

Sale details

Sale unit 3858491 Available

9,400 sq ft, £170.21 per sq ft

Unit Sale unit 3858491
Address Corringham Rd, Gainsborough, Lincolnshire, DN21 1EQ, GB
Size 9,400 sq ft
Price £1,600,000
Price per unit £170.21 per sq ft
Unit Sale unit 3858491
Address Corringham Rd, Gainsborough, Lincolnshire, DN21 1EQ, GB
Size 9,400 sq ft
Price £1,600,000
Price per unit £170.21 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 5.33%
Financial type Actual
Financial year 2018
Net operating income £85,300

Sale notes

  • The property comprises 7 terraced modern individual retail units with customer parking for up to 33 and a number of staff parking spaces and service areas.
  • The property is of brick construction with pitched tile roofs.
  • Each retail unit benefits from a frontage directly onto a pedestrian walkway adjoining the customer parking area.
  • Excellent neighbourhood shopping investment.
  • Built within the last 5 years.
  • Good turn mix of retailers.
  • Excellent lease terms.
  • Expanding part of gainsborough.
  • Located next to a large residential scheme.
  • Price:- £1.6 million.
  • Epcs for units 1-6 rating a-b the site area extends to approximately 0.33 hectares (0.82 acres) and the existing building covers approximately 31% of the site with the remainder currently tarmaced.

Property description

The property comprises a ground floor building extending to 9,400 sq ft providing retail accommodation throughout.

The premises are located to the East of Gainsborough town centre within a mixed use area which comprises established housing, leisure and educational facilities and employment areas. Corringham Road is the principle route from the town centre leading on to the A631 dual carriageway.

Building subtype
Storefront
Number of storeys
1
Parking ratio
3.51
Rentable building area
9,400 sq ft
Year built
2012

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Gainsborough.

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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 Pygott & Crone. 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 Pygott & Crone for full details and further information.