17-19 Queen Street, Market Rasen, Lincolnshire | Property for sale | Savills
Guide price £35,000(NT$1,443,845)

17-19 Queen StreetMarket Rasen, Lincolnshire

  • Sole agency
  • Leasehold
Investment
Yield 14%Yield

Key features

  • High Yielding Retail Investment
  • Ground Floor Retail Unit
  • Let to an Individual t/a Tea Room
  • Producing £4,800 per annum
  • Tenant Holding Over
  • Evident Asset Management Potential
  • ERV Approx. £15,000-£20,000 per annum
  • 853 sq ft (79.28 sq m)
  • Guide Price Reflects 13.7% Gross Yield
  • VAT Free Investment

High Yielding Retail Investment Ground Floor Retail Unit Let at £4,800 per annum Tenant Holding Over - Providing Evident Asset Management Potential

About this property

  • 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.