Moorgate investment property Brochure AWS
COMMERCIAL FOR SALE
fishergerman.co.uk
12a, 12b & 12c Moorgate, Retford, Nottinghamshire, DN22 6RH Guide Price £165,000 • Fully let residential Investment • Comprising three self contained flats • Close to local amenities
Approximate distances: • • • • •
Sheffield Lincoln Doncaster Newark Worksop
35 miles 23 miles 22 miles 21 miles 10 miles
• Recent refurbishment of 2nd floor flat • Sought after location • Income of £12,000 per annum
Viewings and further information: Ben Flint Ben.flint@ fishergerman.co.uk 01777 719148 07770 822770
Kevin Benson kevin.benson@ fishergerman.co.uk 01777 719148 07748 634848
FOR SALE
12a, 12b & 12c Moorgate, Retford Description
Council Tax
This Grade II listed property which fronts Moorgate comprises an attractive, traditional Georgian semi-detached residential property. The building has been converted to provide three self contained flats consisting of two 2 bedroomed and one 1 bedroom, all of which are currently let on Assured Shorthold Tenancies producing a rental income of £12,000 per annum.
We understand that each of the flats have a Council Tax banding of A.
Services
We believe the rents are a little reversionary, giving scope for a purchaser to increase their return on investment.
Mains water, drainage, gas and electricity are understood to be connected to the properties which are separately metered. We must stress that none of these services have been checked or tested by the selling agent.
Location
Legal costs
The property is located on Moorgate a sought after residential location, in close proximity to the centre of Retford and many local amenities. Moorgate is one of the main arterial routes around the northern periphery of Retford centre.
Each party is to be responsible for their own legal fees incurred as a result of any transaction in relation to this property.
Retford still retains its markets on Thursday, Friday and Saturday with a monthly farmers market. The town has a population of around 21,000 persons and a catchment population of approximately 45,000 persons.
Accommodation & EPC
Terms The property is available on a freehold basis subject to the tenancy agreements in place. The property is available at £165,000. This would reflect a net initial yield of 7.07% assuming purchasers costs at 2.8%. We feel this price also represents an attractive price per unit.
Flat 12a - EPC Rating : E (48) A well presented ground floor two bedroom flat which has been let since February 2011.
VAT We understand that VAT is not applicable.
Flat 12b - EPC Rating : D (60) A two bedroom well presented first floor flat let since March 2015.
Viewings
Flat 12c - EPC Rating : E (50) A one bedroom well presented second floor flat which has been recently refurbished to a good standard and let since December 2015.
By strict appointment through selling agents Fisher German LLP on 01777 719148 or email; [email protected]
Tenancies
Fisher German are able to provide advice and assistance in relation to property valuation, property management, lease renewals, rent reviews, purchase, sale and lettings, rating appeals, schedules of condition and dilapidations, planning and development and building surveys. Please call 01777 719148 for further details.
Flat 12a Moorgate Six month AST which commenced on 11th February 2011 at a rent of £325 pcm. Flat 12b Moorgate Six month AST which commenced on 2nd March 2015 at a rent of £350 pcm. Flat 12c Moorgate Six month AST which commenced on 21st December 2015 at a rent of £325 pcm.
Did you know?
Agents Note Please note that the the directors of the company that owns this property are members of Fisher German LLP.
Please note: Fisher German LLP and any Joint Agents give notice that: The particulars are produced in good faith are set out as a general guide only and do not constitute or form any part of an offer or any contract. No person within Fisher German has any authority to make or give representation or warranty on any property. Particulars prepared February 2016. Photographs taken February 2016.
fishergerman.co.uk
12a, 12b & 12c Moorgate, Retford, Nottinghamshire, DN22 6RH Guide Price £165,000 • Fully let residential Investment • Comprising three self contained flats • Close to local amenities
Approximate distances: • • • • •
Sheffield Lincoln Doncaster Newark Worksop
35 miles 23 miles 22 miles 21 miles 10 miles
• Recent refurbishment of 2nd floor flat • Sought after location • Income of £12,000 per annum
Viewings and further information: Ben Flint Ben.flint@ fishergerman.co.uk 01777 719148 07770 822770
Kevin Benson kevin.benson@ fishergerman.co.uk 01777 719148 07748 634848
FOR SALE
12a, 12b & 12c Moorgate, Retford Description
Council Tax
This Grade II listed property which fronts Moorgate comprises an attractive, traditional Georgian semi-detached residential property. The building has been converted to provide three self contained flats consisting of two 2 bedroomed and one 1 bedroom, all of which are currently let on Assured Shorthold Tenancies producing a rental income of £12,000 per annum.
We understand that each of the flats have a Council Tax banding of A.
Services
We believe the rents are a little reversionary, giving scope for a purchaser to increase their return on investment.
Mains water, drainage, gas and electricity are understood to be connected to the properties which are separately metered. We must stress that none of these services have been checked or tested by the selling agent.
Location
Legal costs
The property is located on Moorgate a sought after residential location, in close proximity to the centre of Retford and many local amenities. Moorgate is one of the main arterial routes around the northern periphery of Retford centre.
Each party is to be responsible for their own legal fees incurred as a result of any transaction in relation to this property.
Retford still retains its markets on Thursday, Friday and Saturday with a monthly farmers market. The town has a population of around 21,000 persons and a catchment population of approximately 45,000 persons.
Accommodation & EPC
Terms The property is available on a freehold basis subject to the tenancy agreements in place. The property is available at £165,000. This would reflect a net initial yield of 7.07% assuming purchasers costs at 2.8%. We feel this price also represents an attractive price per unit.
Flat 12a - EPC Rating : E (48) A well presented ground floor two bedroom flat which has been let since February 2011.
VAT We understand that VAT is not applicable.
Flat 12b - EPC Rating : D (60) A two bedroom well presented first floor flat let since March 2015.
Viewings
Flat 12c - EPC Rating : E (50) A one bedroom well presented second floor flat which has been recently refurbished to a good standard and let since December 2015.
By strict appointment through selling agents Fisher German LLP on 01777 719148 or email; [email protected]
Tenancies
Fisher German are able to provide advice and assistance in relation to property valuation, property management, lease renewals, rent reviews, purchase, sale and lettings, rating appeals, schedules of condition and dilapidations, planning and development and building surveys. Please call 01777 719148 for further details.
Flat 12a Moorgate Six month AST which commenced on 11th February 2011 at a rent of £325 pcm. Flat 12b Moorgate Six month AST which commenced on 2nd March 2015 at a rent of £350 pcm. Flat 12c Moorgate Six month AST which commenced on 21st December 2015 at a rent of £325 pcm.
Did you know?
Agents Note Please note that the the directors of the company that owns this property are members of Fisher German LLP.
Please note: Fisher German LLP and any Joint Agents give notice that: The particulars are produced in good faith are set out as a general guide only and do not constitute or form any part of an offer or any contract. No person within Fisher German has any authority to make or give representation or warranty on any property. Particulars prepared February 2016. Photographs taken February 2016.
