Retail premises for sale in 1 Castlegate, Tickhill, Doncaster DN11, £320,000

320,000.00

Offer Nr.:
61389398
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Craven Wildsmith
Phone(s):
01302 457679

* Freehold
* 2 Commercial units
* Long leasehold interest in 3 flats
* Popular and well regarded village
* 1 castlegate let to Juicy Fruits until 31/10/2027 on a contracted - out lease
* Juicy Fruits trading for c. 28 years from the property
* 1a Castlegate 1 year from March 2022
* Barbers trading since c. 2008
* Total rental income: £20, 342 p. a
Description & Accommodation
Two prominent retail units, fronting a busy street located in the affluent
village of Tickhill with reversionary interest in the 3 flats above.
Leases
1 Castlegate (Juicy Fruits) is held on a 5 year contracted out lease from
1/11/2022 at a rent of £12, 000 p. a the business has been trading since c. 1994.
1a Castlegate (The Barber Shop) is let on a 1 year lease from 2022 at a rent
of £8, 342 p. a. The tenant has been in occupation since 2008.
The 3 flats are let on 125 year leases from January 1985 and they have
approximately 87 years remaining. We understand each flat pays a ground rent
of £10. 00 p. a
Note: The sale will be subject to the 1987 Landlord and Tenancy Act, as
amended by the Housing Act of 1996 if required.

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