28 King Street, Southwell, NG25 0EN
Size
1,625
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Other
- Frontage
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Key features
- Mixed use investment
- £23,100 income per annum
- Retail shop and 2 x flats
- Attractive yield in the region of 6.9%
- Sought after location
- Prime retail in Southwell
Description
The investment is fully income-producing, generating a current rental income of £23,100 per annum. Southwell is a highly regarded and affluent Nottinghamshire market town, providing a strong trading environment and consistent demand for residential accommodation.
The property occupies a prominent position within the heart of the historic market town of Southwell, fronting one of the town's principal retail thoroughfares. Southwell is an affluent and highly desirable Nottinghamshire town, renowned for its attractive character, excellent amenities and strong visitor appeal. The town benefits from good road links to Newark-on-Trent, Mansfield and Nottingham, whilst supporting a vibrant mix of independent retailers, cafés and restaurants.
The Property is fully let and generating a current rental income of £23,100 per annum, giving rise to a yield in the region of 6.9% at the quoting price of £335,000.
Retail - The shop is let to Gigil & Bloom at an annual rent of £11,400 pa (£950pcm) until September 2030.
28a - The one/two bedroom flat is recently let at £6,600 pa (£550 pcm)
28b - The one bedroom studio is recently let at £5,100 pa (£425 pcm)
The Property has a great track record for letting, with limited void periods.
The Property is for sale Freehold, subject to existing tenancies for £335,000.
We are advised VAT is not applicable to this sale.
Are strictly via prior appointment with the sole agents. Please contact us for further details.
- Service charge
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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
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- Environmental description
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Brochure
28 King Street, Southwell, NG25 0EN
About Wood Moore & Co Ltd , Newark
Wood Moore & Co is an East Midlands based independent firm of Chartered Surveyors and Commercial Property Consultants established nearly 25 years ago. Combining wider expertise with strong local & regional knowledge, and led by a team of dedicated professionals who are long-established in the local property market throughout Nottinghamshire and Lincolnshire, with particular emphasis on commercial property in Newark, Grantham and Lincoln. Wood Moore & Co. are a multi-disciplined practice with integrated expertise in the commercial estate agency, property management and professional service sectors.
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Disclaimer - Property reference 377786-1. 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 Wood Moore & Co Ltd , Newark. 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.