SOLD STC
Carolgate, Retford, Nottinghamshire, DN22
£225,000
£62.57 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,596 sq ft
334 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- RETAIL INVESTMENT
- LET TO NATIONAL CHAIN
- POTENTIAL FOR FUTURE REDEVELOPMENT OF UPPER FLOORS
- TOWN CENTRE LOCATION
Description
LOCATION
The property is situated in the heart of Retford on Carolgate, the town's primary pedestrianised retail area, offering a bustling and vibrant shopping environment. With a mix of national retailers, independent shops, and cafes, the street benefits from high foot traffic throughout the week. Its central location provides easy access to parking facilities and public transport links, making it a convenient destination for both locals and visitors.
Retford itself is a historic market town situated in North Nottinghamshire, offering a strategic location for businesses due to its excellent transport links. Positioned just a few miles from the A1, the town provides easy access to major cities like Sheffield, Doncaster and Lincoln. The town benefits from a well-connected rail station with direct services to London and regional hubs.
DESCRIPTION
The property itself comprises a mid-terraced two-storey retail unit of brick construction, under a pitched roof. Pedestrian and enabled access is afforded via the main retail frontage, with pedestrian access to the rear via a privately-owned car park to the rear. The property benefits from a right of access across the car park but does not have any demised space within it.
Internally, the ground floor comprises a large open-plan retail unit with a rear lobby providing access to a staff room and stairs to the first floor.
The first floor comprises an open-plan floorplate suitable for secondary retail or storage, with 2no. WCs, manager's office and storeroom accessed from the main floor area. The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) the property comprises the following (approx.) areas:
ACCOMMODATION
The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) the property comprises the following (approx.) areas:
Description SQ M SQ FT
Retail - Zone A 49.33 531
Retail - Zone B 53.31 574
Retail - Zone C 40.78 439
Retail - Remainder 41.23 444
Total Floor Area 184.65 1,988
Staff Room 5.23 56
First Floor
Stores 129.81 1,397
Manager's Office 14.37 155
2no. WCs
TENURE
The property is available for sale freehold subject to the tenancy in place.
The whole property is demised under a lease to Roman Originals PLC for a 5-year lease term expiring on 27th June 2028. The passing rent is £22,000.00 per annum with the tenant benefiting from a break options on 28th June 2025, 28th June 2026 and 28th June 2027, all subject to six months' notice in writing.
GUIDE PRICE
£225,000.00.
COUNCIL TAX
The Valuation Office Agency website states the property has a Rateable Value of £34,250.00.
COSTS
Each party to bear their own legal costs incurred in the transaction.
ENERGY PERFORMANCE CERTIFICATE (EPC)
The property has an EPC rating of 35 B, with the certificate expiring on
13th March 2034.
VIEWING & FURTHER INFORMATION
Through joint agents Bladen Commercial Property Consultants Ltd
& RH Chartered Surveyors:
Julian Bladen BSc (Hons) MRICS
Bladen Commercial Property Consultants
Rob Haigh BSc (Hons) MRICS
RH Chartered Surveyors
Subject to Contract
September 2024
The property is situated in the heart of Retford on Carolgate, the town's primary pedestrianised retail area, offering a bustling and vibrant shopping environment. With a mix of national retailers, independent shops, and cafes, the street benefits from high foot traffic throughout the week. Its central location provides easy access to parking facilities and public transport links, making it a convenient destination for both locals and visitors.
Retford itself is a historic market town situated in North Nottinghamshire, offering a strategic location for businesses due to its excellent transport links. Positioned just a few miles from the A1, the town provides easy access to major cities like Sheffield, Doncaster and Lincoln. The town benefits from a well-connected rail station with direct services to London and regional hubs.
DESCRIPTION
The property itself comprises a mid-terraced two-storey retail unit of brick construction, under a pitched roof. Pedestrian and enabled access is afforded via the main retail frontage, with pedestrian access to the rear via a privately-owned car park to the rear. The property benefits from a right of access across the car park but does not have any demised space within it.
Internally, the ground floor comprises a large open-plan retail unit with a rear lobby providing access to a staff room and stairs to the first floor.
The first floor comprises an open-plan floorplate suitable for secondary retail or storage, with 2no. WCs, manager's office and storeroom accessed from the main floor area. The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) the property comprises the following (approx.) areas:
ACCOMMODATION
The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) the property comprises the following (approx.) areas:
Description SQ M SQ FT
Retail - Zone A 49.33 531
Retail - Zone B 53.31 574
Retail - Zone C 40.78 439
Retail - Remainder 41.23 444
Total Floor Area 184.65 1,988
Staff Room 5.23 56
First Floor
Stores 129.81 1,397
Manager's Office 14.37 155
2no. WCs
TENURE
The property is available for sale freehold subject to the tenancy in place.
The whole property is demised under a lease to Roman Originals PLC for a 5-year lease term expiring on 27th June 2028. The passing rent is £22,000.00 per annum with the tenant benefiting from a break options on 28th June 2025, 28th June 2026 and 28th June 2027, all subject to six months' notice in writing.
GUIDE PRICE
£225,000.00.
COUNCIL TAX
The Valuation Office Agency website states the property has a Rateable Value of £34,250.00.
COSTS
Each party to bear their own legal costs incurred in the transaction.
ENERGY PERFORMANCE CERTIFICATE (EPC)
The property has an EPC rating of 35 B, with the certificate expiring on
13th March 2034.
VIEWING & FURTHER INFORMATION
Through joint agents Bladen Commercial Property Consultants Ltd
& RH Chartered Surveyors:
Julian Bladen BSc (Hons) MRICS
Bladen Commercial Property Consultants
Rob Haigh BSc (Hons) MRICS
RH Chartered Surveyors
Subject to Contract
September 2024
Brochures
Carolgate, Retford, Nottinghamshire, DN22
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Retford Station0.5 miles
- Retford Station0.5 miles
About Bladen Property Consultants, Bristol
Redland House, 157 Redland Road, Redland, Bristol, BS6 6YENotes
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