7 Market Place Retford Nottinghamshire DN22 6DR

7 Market Place
Retford
Nottinghamshire
DN22 6DR

Freehold Retail and Dental Surgery Investment

Ground floor let to William Hill (North Eastern) Ltd (with guarantee) until 2023
(no breaks)
Upper floors let to a well established dentist until 2020 (no breaks)
Prominent position fronting the Town Square
Nearby occupiers include Halifax, Barclays, Specsavers, KFC and Argos

Lot
31
Auction
22nd May 2014
Rent
£36,374 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Dental Surgery Investment

Ground floor let to William Hill (North Eastern) Ltd (with guarantee) until 2023
(no breaks)
Upper floors let to a well established dentist until 2020 (no breaks)
Prominent position fronting the Town Square
Nearby occupiers include Halifax, Barclays, Specsavers, KFC and Argos

Lot 31
Auction 22nd May 2014
Rent £36,374 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles east of Worksop, 28 miles east of Sheffield, 23 miles north-west of Lincoln
Roads: A620, A638, A1(M)
Rail: Retford Rail
Air: Doncaster Robin Hood Airport

Situation

The property is situated in a prominent location within the town centre, on the eastern side of Market Place and fronting the Town Square. Nearby occupiers include Halifax, Barclays, Specsavers, KFC and Argos.

Tenure

Freehold.

Location

Miles: 9 miles east of Worksop, 28 miles east of Sheffield, 23 miles north-west of Lincoln
Roads: A620, A638, A1(M)
Rail: Retford Rail
Air: Doncaster Robin Hood Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit used as a betting shop with a dental surgery over first and second floors. The upper floors are currently accessed via the rear of 7 Market Place and additionally via an entrance in the adjoining building (see note 3).

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Betting Shop	351.36 sq m	(3,782 sq ft)	WILLIAM HILL (NORTH EASTERN) LTD guaranteed by William Hill Organization Limited (1)	20 years from 13/02/2003 until 12/02/2023	£29,624	13/02/2018
First Second	Reception/ Dental Surgery Storage/Staff Accommodation	145.48 sq m 30.10 sq m	(1,566 sq ft) (324 sq ft)	P B ROBINSON (DONCASTER) LTD with guarantees (2)	25 years from 25/12/1995 until 24/12/2020	£6,750 (3)	25/12/2015
Totals		526.94 sq m	(5,672 sq ft)			£36,374

(1) Founded in 1934, William Hill is the UK’s largest bookmaker with a network of 2,390 licensed betting shops across the country. (Source: www.williamhillplc.com 09/04/2014)
(2)PB Robinson (Doncaster) is a private dental practice having been in occupation since 1995.
(3)The current rent for the first and second floors is £11,250 p.a.x. Access to the upper floors is currently provided via the adjoining building, 6 Market Place, on the basis of the easement arrangement expiring December 2022, in return for 40% of the rent passing and subject to a mutual option to determine in December 2017 subject to 12 months’ notice. The net rent for the upper floors is therefore £6,750 p.a.x. An alternative means of access is available via the rear of 7 Market Place as provided in the lease at nil cost.