28 King Street, Southwell, Nottinghamshire, NG25 0EN
Under Offer
For Sale
- Retail
- 1,625 Sq Ft
- £335,000
Prime Investment opportunity in the sought after town of Southwell.
Key Features
- Mixed use investment
- £23,100 income per annum
- Retail shop and 2 x flats
- Attractive yield in the region of 6.9%
- Sought after location
- Prime retail in Southwell
Property Description
An attractive mixed-use investment opportunity comprising a ground floor retail unit together with two self-contained residential flats above. The property occupies a prominent position within Southwell's prime retail area and forms part of an attractive period brick-built building of considerable character.
The investment is fully income-producing, generating a current rental income of £23,100 per annum. Southwell is a highly regarded and affluent Nottinghamshire market town, providing a strong trading environment and consistent demand for residential accommodation.
The investment is fully income-producing, generating a current rental income of £23,100 per annum. Southwell is a highly regarded and affluent Nottinghamshire market town, providing a strong trading environment and consistent demand for residential accommodation.
The Investment
The Property is fully let and generating a current rental income of £23,100 per annum, giving rise to a yield in the region of 6.9% at the quoting price of £335,000.
Retail - The shop is let to Gigil & Bloom at an annual rent of £11,400 pa (£950pcm) until September 2030.
28a - The one/two bedroom flat is recently let at £6,600 pa (£550 pcm)
28b - The one bedroom studio is recently let at £5,100 pa (£425 pcm)
The Property has a great track record for letting, with limited void periods.
Retail - The shop is let to Gigil & Bloom at an annual rent of £11,400 pa (£950pcm) until September 2030.
28a - The one/two bedroom flat is recently let at £6,600 pa (£550 pcm)
28b - The one bedroom studio is recently let at £5,100 pa (£425 pcm)
The Property has a great track record for letting, with limited void periods.
Tenure
The Property is for sale Freehold, subject to existing tenancies for £335,000.
VAT
We are advised VAT is not applicable to this sale.
Viewings
Are strictly via prior appointment with the sole agents. Please contact us for further details.
Accommodation
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| Ground Retail | 664 | 61.69 | Under Offer |
| 1st Flat 28a | 699 | 64.94 | Under Offer |
| 1st Flat 28b | 262 | 24.34 | Under Offer |
| Total | 1,625 | 150.97 |
Location
The property occupies a prominent position within the heart of the historic market town of Southwell, fronting one of the town's principal retail thoroughfares. Southwell is an affluent and highly desirable Nottinghamshire town, renowned for its attractive character, excellent amenities and strong visitor appeal. The town benefits from good road links to Newark-on-Trent, Mansfield and Nottingham, whilst supporting a vibrant mix of independent retailers, cafés and restaurants.
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