10 Grove Street, Retford, Nottinghamshire, DN22 6JR

  • Offices
  • 1,932 sq ft
  • For Sale
10 Grove Street, Retford, Offices For Sale - 10 Grove Street, Retford.jpg
10 Grove Street, Retford, Offices For Sale - 10 Grove Street, Retford - Inside.jpg
INVESTMENT
Property Type Offices
Availability For Sale
Size 1,932 sq ft
Price £285,000
Energy Performance Rating This property has been graded as B (47)

Tenanted Investment - Offices

Key Features

  • Tenanted Investment Let to Sequence (UK) Ltd
  • T/A William H Brown Estate Agents
  • 10 Year FRI Lease from the 25/12/2018
  • Rental - £20,000 per annum

Location

The property is located to the Southern side of Grove Street, approximately 100 yards away from the junction with The Square, Carolgate and Market Place in the centre of the poplar Market Town of Retford. Retford has a population of approximately 22,000, is a busy Market Town with markets on Thursdays, Fridays and Saturdays together with monthly Farmer's Market and the town benefits from good access to the A1. Retford lies approximately seven miles East of Workshop and fifteen miles South of Doncaster.

The property comprises a three storey terraced building with ground floor estate agents and upper floor ancillary offices of solid brick construction with pitched pantile roof over.  The building has attractive frontage with feature bay windows at first floor front elevations.  The property has been used by William H. Browns as an Estate Agents Offices for the last 35 years and William H. Brown is recognised as a leading established estate agency within the Retford area.

Accommodation

Accommodation SQ.M. SQ.FT.
Ground Floor    
Sales Area 57.9 623
Photocopier Room 7.5 81
First Floor    
Offices 1, 2 and 3 46.9 505
Second Floor    
Office 4 17.5 189
Staff Kitchen and Filing Area 38.5 415

Business Rates

Rateable Value

£10,250.

Lease Terms

The property is let on a ten year FRI lease to Sequence (UK) Limited on the 25th of December 2018.

The annual rental is £20,000 per annum exclusive.

There is provision for a rental review at the end of the fifth year and a tenant only break clause at the end of the fifth year.

Tenant Information

Sequence (UK) Limited is a national network of Estate Agents with over 320 offices countrywide.  The reported net worth as at December 2018 was £20,797,000.

VAT

It is understood that VAT is not payable on the rental or the Freehold asking price.

Energy Performance Rating

The property has been graded as B (47) with the EPC valid until the 19th of June 2028.

Fernie Greaves Chartered Surveyors

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