Location
High Yielding Retail Investment Ground Floor Retail Unit Let at £4,800 per annum Tenant Holding Over - Providing Evident Asset Management Potential
The property comprises a high yielding retail investment with evident asset management potential. Arranged across ground floor only and comprising a double fronted retail unit of 853 sq ft (79.28 sq m), the property is let to a private individual trading as The Green Life Pantry on a lease that has expired and paying £4,800 per annum. The property is evidently under-rented, as the adjacent number 21 (which is a single retail unit of 437 sq ft), has recently let for £5,040 per annum. We therefore consider the property offers evident asset management potential via re-gearing of the existing lease and improvement of the rent. Market Rasen is a popular market town in Lincolnshire and Queen Street is the principal retail parade.