Summary - 31a Market Place, Retford, Nottinghamshire, DN22 6DQ DN22 6DQ
1 bed 1 bath Commercial Property
**Standout Features:**
- Ground floor retail unit within a historic Grade II listed building
- Lease term of 5 years starting January 2024, generating £12,000 annually
- Prime location near key retailers and high foot traffic areas
- Open plan layout with kitchenette and WC facilities
- Air conditioning and modern lighting installed
- Planning consent for upper floors conversion into flats
**Property Summary:**
This charming ground floor retail unit at 31a Market Place is an excellent investment opportunity located in the heart of Retford, a bustling market town. Encompassing approximately 925 square feet (86 sqm) of versatile commercial space, it features large display windows that create an inviting atmosphere for customers. The current lease is set for five years from January 2024, securing a steady rental income of £12,000 per annum from a sole trader.
Nestled within a Grade II listed Georgian building, the property boasts historical character while being strategically positioned at the roundabout junction of Bridgegate and Market Place. With nearby amenities including major retailers and high street banks, the foot traffic enhances its visibility and appeal as a retail space.
However, potential buyers should be aware that the upper floors of the building are in separate ownership and are slated for conversion into flats, which may affect the property’s expansion options. Additionally, the property's listed status may pose challenges for future renovations. Nevertheless, with its prime location and strong rent potential, this retail unit presents a unique opportunity in a vibrant, developing area.
Don’t miss your chance to invest in this key piece of Retford’s commercial landscape—schedule a viewing today!
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