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6 Carolgate, Retford, Nottinghamshire, DN22

£195,000

£163.04 per sq ft

Business rates & charges may apply

PYGOTT & CRONE COMMERCIAL, Lincoln
SIZE AVAILABLE

1,196 sq ft

111 sq m

SECTOR

High street retail property for sale

Key features

  • Secure 10 year lease until April 2034
  • £14,000 per annum, rising to £15,000 in April 2026
  • 7.1% NIY rising to 7.7% in April 2026.
  • Prime Retail Unit
  • 5.87m Glazed Frontage on to Carolgate
  • Attractive three storey building,
  • High Footfall location
  • Listed Building
  • EPC - D79

Description

Investment opportunity situated in Retford's prime retail core. 

DESCRIPTION

The Property comprises a prime retail investment opportunity, currently producing £14,000 per annum (7.1% NIY), rising to £15,000 (7.7% NIY) from April 2026 and let on a secure 10 year lease. The Property is an attractive retail building and has double glazed frontage on to Carolgate. The Ground floor retail space extends in the region of 36.6 sqm (394 sq ft), with the First and Second floors providing useful office space or ancillary storage and staff facilities. The total accommodation reflects 111 sqm (1,196 sq ft).

LOCATION

The Property is situated on Carolgate, Retford, which is a prime retail destination and a high footfall location in the heart of the town. Nearby occupiers include Newlook, Costa Coffee and Greggs among others. Retford is a popular market town with a population in the region of 22,000.

TENURE

The Property is available Freehold at a price of £195,000 (+vat if applicable). The Property is let on a secure 10 year FRI lease expiring in April 2034. The current passing rent is £14,000 per annum exclusive, with a fixed rental increase to £15,000 from 1st April 2026.

SERVICES

Mains services water and electric are connected to the Property. Heating is provided by wall mounted radiators. None of the services or service installations have been tested and interested parties are advised to make their own inquiries.

BUSINESS RATES

The Property has a rate able value of £12,250.

LEGAL COSTS

Each party will be responsible for their own legal costs in documenting the transaction.

CEPC

The Property has an EPC rating of D-79.

VIEWING

Viewings are strictly via the sole agents: Pygott & Crone. 36a Silver Street, Lincoln, LN2 1EWJamie Thorpe

6 Carolgate, Retford, Nottinghamshire, DN22

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Retford Station0.6 miles
  • Retford Station0.6 miles

About PYGOTT & CRONE COMMERCIAL, Lincoln

36a Silver Street, Lincoln, LN2 1EW

Notes

These notes are private, only you can see them.

Disclaimer - Property reference S_10396878. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PYGOTT & CRONE COMMERCIAL, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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