18A/18B Carolgate and 1-3 Exchange Street Retford Nottinghamshire DN22 6BU

18A/18B Carolgate and 1-3 Exchange Street
Retford
Nottinghamshire
DN22 6BU

Freehold Retail and Office Investment

Tenants Include Costa Ltd and Greggs Plc
Includes self-contained office accommodation on first floor
Nearby occupiers include Holland & Barrett, Burton/Dorothy Perkins, Superdrug, New Look and HSBC Bank.
VAT free investment
Currently Producing £81,200 p.a.x. with office suite to be let
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
30
Auction
11th February 2016
Rent
£81,200 per Annum Exclusive
Status
Sold
Price
£879,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

Important Update

Expand
Photos
Map

Freehold Retail and Office Investment

Tenants Include Costa Ltd and Greggs Plc
Includes self-contained office accommodation on first floor
Nearby occupiers include Holland & Barrett, Burton/Dorothy Perkins, Superdrug, New Look and HSBC Bank.
VAT free investment
Currently Producing £81,200 p.a.x. with office suite to be let
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 30
Auction 11th February 2016
Rent £81,200 per Annum Exclusive
Status Sold
Price £879,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

Property Information

Location

Miles: 20 miles north west of Lincoln,, 26 miles south east of Sheffield, 30 miles north east of Nottingham
Roads: A638, A620, A1(M)
Rail: Retford Railway Station
Air: Robin Hood Doncaster Sheffield

Situation

Retford is a popular market town in northern Nottinghamshire located just off the A1(M). The property is situated in a prominent corner location on the west side of pedestrianised Carolgate, one of Retford’s prime retailing thoroughfares at its junction with Exchange Street. Nearby occupiers include Holland & Barrett, Burton/Dorothy Perkins, Superdrug, New Look and HSBC Bank.

Tenure

Freehold.

Location

Miles: 20 miles north west of Lincoln,, 26 miles south east of Sheffield, 30 miles north east of Nottingham
Roads: A638, A620, A1(M)
Rail: Retford Railway Station
Air: Robin Hood Doncaster Sheffield

Situation

Tenure

Freehold.

Description

The property comprises three ground floor retail units with ancillary accommodation on the ground floor. Additionally there is self-contained first floor office accommodation accessed from Exchange Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
18a Carolgate	Ground First	Retail/Ancillary Ancillary	151.31 sq m 54.12 sq m	(1,629 sq ft) (583 sq ft)	COSTA LIMITED (1)	10 years from 18/01/2008	£43,500	(17/01/2018)
18b Carolgate	Ground	Ground Retail/Ancillary	144.70 sq m	(1,558 sq ft)	GREGGS PLC (2)	10 years from 12/11/2012 (3)	£25,700	12/11/2017 (11/11/2022)
1 Exchange Street	First	Office	117.04 sq m	(1,260 sq ft)	VACANT POSSESSION
3 Exchange Street	Ground & First	Retail/Ancillary	116.11 sq m	(1,249 sq ft)	KAIMELIA LTD (t/a Cash Brokers)	10 years from 15/03/2012	£12,000	15/03/2017 (14/03/2022)
Totals			567.26 sq m	(6,106 sq ft)			£81,200

(1) For the year ending 26th February 2015, Costa Limited reported a turnover of £735,974,000, pre-tax profits of £127,221,000 and a total net worth of £444,815,000. (Source: Experian Group 14/01/2016)
(2) For the year ending 3rd January 2015, Greggs Plc reported a turnover of £803,961,000, pre-tax profits of £49,743,000 and a total net worth of £241,982,000. (Source: Experian Group 14/01/2016)
(3) The lease provides for a tenant option to determine on 12th November 2017.