Guide price
£320,000
(£1,025.14/sq. ft)
Retail premises for sale1 & 1A Castlegate, Tickhill, Doncaster DN11
312 sq. ft
About this property
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
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.
Mortgage calculator
£1,600 per month
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