66-70 High Street, Mexborough
Size
3,423
Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- High Yielding Multi-Let Retail Investment
- Three Retail Units and Upper Parts
- Fully Let to Four Tenants
- Asset Management Potential
- Development Potential (stc)
- 3,423 sq ft (318 sq m)
- Plans Drawn-Up for Conversion of Upper Parts
- Investment Let at £25,600 p.a. (18.28% GIY on Guide Price)
Description
Arranged as three ground floor retail units with a gym to the upper parts, the property is fully let to four tenants producing a combined £25,600 per annum.
We consider the property may offer asset management potential via improvement of rent, with No.66 let to a long-standing tenant of 25+ years paying £6,000 per annum, whilst adjacent units have recently let at £7,200 per annum.
We also consider the property may benefit from development/conversion potential (subject to obtaining any requisite consents) and we understand plans have been drawn up for a conversion to residential use.
The property benefits from a prominent position fronting the pedestrianised High Street, the principle retail amenity in Mexborough. The High Street has recently undergone re-surfacing and regeneration works. Nearby retailers include, Specsavers, Heron Foods, J.D Wetherspoons and a number of independent retailers.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
- The property is within the Mexborough Town Centre Master Plan; a comprehensive regeneration of the town centre. Part of this scheme allows for a grant of up to £10,000 per unit for owners and tenants to improve retail frontages. There is no requirement for this grant to be repaid.
Brochure
66-70 High Street, Mexborough
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