West Street, Retford
£1,100,000
- Sold STC

Built in 2006 to an exceptional design and build quality, the site comprises 2 blocks of two storey modern office accommodation located within the main shopping area of the town

FULL DESCRIPTION

LOCATION
Retford is a market town in Nottinghamshire situated 31 miles from Nottingham and 23 miles west of Lincoln and has a population of over 22,000. The town is located just off the A1 providing excellent links to the South and North of the country. The town also has excellent rail services with trains running hourly to central London.

DESCRIPTION
Built in 2006 to an exceptional design and build quality, the site comprises 2 blocks of two storey modern office accommodation located within the main shopping area of the town. Since construction the site has had over 90% occupancy and with many tenants having been in from the outset. Existing tenants include Godfreys Dental Practice, Retford Times Newspaper, Wright Vigar (a regional accountancy practice) and Five Star Property (a property management and estate agency). The site is well maintained and energy efficient and has disabled access. The layout of the site is such that it could easily be divided into two separate investment opportunities if required.

Rental Income
Total net Income £109,632 plus £8,000 service charge
Total Income £117,632




ACCOMMODATION
32 West St, Suite 1, GF
Tenant: Local World (Retford Times)
Rent - £17,300
End of Lease 23/6/2020
Break Clause - None

32 West St, Suite 2, GF
Tenant: L Godfrey & E Bowie
Rent - £7,400
End of Lease - 16/9/2023
Break Clause - 16/9/2021

32 West Street, FF
Tenant: Godfrey Associates
Rent - £35,500
End of Lease - 01/10/2027
Break Clause - 01/10/2021

34 West St, GF 50% & FF 50%
Tenant: Wright Vigar Ltd
Rent - £22,500
End of Lease - 01/11/2018
Break Clause - None

34 West St, GF 50%
Tenants: Five Star Property
Rent - £14,432
End of Lease - 24/07/2024
Break Clause - 23/07/2021

34 West St, FF 50%
Tenant: Armstrong Evans
Rent - £12,500
End of Lease 31/03/2021
Break Clause - None





SERVICES
Services
Mains gas, electricity, water and sewage are all available on site.

VAT
VAT
All rents are liable for VAT at the standard rate.

PARKING NOTES
Car Parking
Parking facilities for over 30 vehicles.

VIEWING
By Appointment

Howden Office
01430 431201

Email:

Arrange a viewing of this property

If you're human, please click here
Submit
   * indicates a compulsory entry.