Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
Conisbrough is a popular town situated on the River Don close to Doncaster and Rotherham. The property occupies a prominent position in a neighbourhood retail parade on the east side of Windmill Avenue in a densely populated residential area.
Neighbouring occupiers include Costcutter among an eclectic mix of local traders.
Freehold.
Conisbrough is a popular town situated on the River Don close to Doncaster and Rotherham. The property occupies a prominent position in a neighbourhood retail parade on the east side of Windmill Avenue in a densely populated residential area.
Neighbouring occupiers include Costcutter among an eclectic mix of local traders.
Freehold.
The property comprises ground floor retail and ancillary accommodation with two self-contained residential flats on the first floor. The property benefits from a Post Office and an on-site cash machine.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail and ancillary accommodation with two self-contained residential flats on the first floor. The property benefits from a Post Office and an on-site cash machine.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail/Ancillary 2 x Residential Flats |
173.08 sq m |
(1,863 sq ft) |
MARTIN MCCOLL LIMITED (1) |
20 years from 10/10/2011 until 2031 on a full repairing and insuring lease (2) |
£29,000 |
10/10/2016 and 5 yearly (fixed rental increases at 2% per annum compounded) |
| Total Commercial Floor Area | 173.08 sq m |
(1,863 sq ft) |
£29,000 | ||||
(1) For the year ending 27/11/2011, Martin McColl Limited reported a turnover of £380,485,000, pre-tax profits of £18,068,000 and a total net worth of £100,676,000. (Source: www.riskdisk.com 18/04/2013)
(2)The lease provides for 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.
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