MapGuide price
£320,000 | 312 sq ftRetail property (high street) for sale
1 & 1a Castlegate, Tickhill, Doncaster
Retail property (high street)
312 sq ft / 29 sq m
Features and description
- Tenure: 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.
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.
Property information from this agent
About this agent
Craven Wildsmith Property Management - Doncaster
33 Northgate
Tickhill, Doncaster
DN11 9HZ
01302 977708Craven Wildsmith was established in 2009 by Paul Wildsmith and Neal Craven MSc FRICS who have over 40 years experience. Neal a Chartered Surveyor with over 25 years commercial property experience in Doncaster and the region deals with the letting and sale of commercial property, property management and professional work. Craven Wildsmith can also arrange a free consultation with a finance professional for business or personal needs.