Summary - 5, MARKET PLACE DN22 6DR
1 bed 1 bath Commercial Development
**Standout Features:**
- Prime location with full frontage on Retford’s busy pedestrianized town square.
- Planning permission granted for two residential schemes, offering significant conversion potential.
- Existing two-bedroom apartment on the second floor and a large retail space measuring over 2,281 sq ft.
- Ideal investment opportunity with a projected gross rental yield of 7-9%.
- Excellent business rates relief eligibility for the retail area.
**Potential Downsides:**
- The residential areas require renovation to reach their full potential.
- High crime rate in the local area may be a consideration for some buyers.
Discover a remarkable investment opportunity in the heart of Retford! This substantial commercial and residential property boasts a prominent location with full frontage to the bustling town square, perfect for attracting foot traffic. With planning permission already granted for two exciting schemes, you can either convert the first and second floors into two modern two-bedroom apartments or transform it into a viable HMO, maximizing your rental income potential.
The spacious retail area features high ceilings and large windows typical of Georgian architecture, providing an inviting atmosphere for customers. Outdoor amenities and essential services are just a short walk away, enhancing the appeal for both businesses and future residents. While the property requires a bit of renovation, the possibilities are endless, making it an ideal canvas for the astute investor or developer. Don’t miss out on this prime opportunity to shape a key property in a lively city center—schedule your viewing today!
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