Retail premises for sale in 16-26 West Gate, 16-26 West Gate, Mansfield NG18
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Investment
High yielding prime high street retail investment
16-20 West Gate is let to New Look Retailers Ltd for a term expiring 2nd August 2027 at a rent payable in the last financial year of £91,583.66 exclusive
22-24 West Gate is let to Shoe Zone Retail Ltd for a term expiring 10th October 2026 at a rent passing of £55,000 per annum exclusive
26 West Gate is let to Clydesdale Bank Plc t/a Virgin Money for a term expiring 26th June 2025 at a rent passing of £125,000 per annum exclusive
West Gate is the established prime pedestrianised retail pitch of Mansfield town centre
The subject premises are situated opposite Primark and the Four Seasons Shopping Centre
Nearby occupiers include M&S, Primark, wh Smith, Costa Coffee, tui Travel, McDonalds, Holland & Barrett, River Island, F Hinds, Savers and Greggs
Price of £1.95 million which reflects a net initial yield of 13.08% assuming purchaser's costs of 6.52%
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
FHP, NG1 on +44 115 774 9117 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by FHP, and do not constitute property particulars. Please contact FHP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}