23 Queen Street, Market Rasen, Lincolnshire | Property for sale | Savills
Guide price £20,000(NT$823,165)

23 Queen StreetMarket Rasen, Lincolnshire

  • Sole agency
  • Virtual freehold
Investment
Yield 15%Yield

Key features

  • High Yielding Retail Investment
  • Ground Floor Retail Unit
  • Let to an Individual t/a Tea Room
  • Producing £3,000 per annum
  • Tenant Holding Over
  • Evident Asset Management Potential
  • ERV Approx. £5,000 per annum
  • 520 sq ft (48.35 sq m)
  • Guide Price Reflects 15% Gross Yield
  • VAT Free Investment

High Yielding Retail Investment Ground Floor Retail Unit Let at £3,000 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 single retail unit, the property is let to a private individual trading as Tender Ways Dog Grooming on a lease that expired in 2021 and paying £3,000 per annum. The property is evidently under-rented, as the adjacent number 21 (which is of a similar size), 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.