Fixed price
£100,000
(£97.85/sq. ft)
Retail premises for saleMarket Place, Alford LN13
1,022 sq. ft
About this property
VAT is applicable to this property. Togc available.
Let until 2029. No breaks
Investment Consideration:
Gross Initial Yield: 8.40%
Rental Income: £8,400 p.a.
Let until 2029. No breaks
VAT is applicable to this property. Togc available.
Let until 2032. No breaks. Rent review in 3rd year linked to rpi
Comprises large ground floor retail shop t/a office
Occupiers close by include Post Office and Co-op Food, amongst others
Property Description:
Comprises large ground floor retail premises, providing the following accommodation and dimensions:
Ground Floor Shop: 95 sq m (1,022 sq ft)
Open plan retail, store, office, wc
Tenancy:
The property is at present let to Kamcot Cleaning Services Limited (with personal guarantee) for a term of 5 years from 1st September 2026 at a current rent of £8,400 p.a. And the lease contains full repairing and insuring covenants. Rent review on 3rd anniversary linked to rpi. No breaks. Lease renewal. Tenant in occupation since 2024.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Alford is a market town in the East Lindsey district of Lincolnshire, situated on the edge of the Lincolnshire Wolds between Mablethorpe, Louth, Spilsby and Skegness and acts as a local retail centre. The town lies on the A1104 some 7 miles south of Mablethorpe and 30 miles east of Lincoln, and benefits from easy access to the A16 and the A158. The property is situated in the heart of town on the west side of Market Place, close to its junction with West Street (A110), opposite public car parking. Occupiers close by include The Post Office, and Co-op Food Store, amongst many other local businesses.
Gross Initial Yield: 8.40%
Rental Income: £8,400 p.a.
Let until 2029. No breaks
VAT is applicable to this property. Togc available.
Let until 2032. No breaks. Rent review in 3rd year linked to rpi
Comprises large ground floor retail shop t/a office
Occupiers close by include Post Office and Co-op Food, amongst others
Property Description:
Comprises large ground floor retail premises, providing the following accommodation and dimensions:
Ground Floor Shop: 95 sq m (1,022 sq ft)
Open plan retail, store, office, wc
Tenancy:
The property is at present let to Kamcot Cleaning Services Limited (with personal guarantee) for a term of 5 years from 1st September 2026 at a current rent of £8,400 p.a. And the lease contains full repairing and insuring covenants. Rent review on 3rd anniversary linked to rpi. No breaks. Lease renewal. Tenant in occupation since 2024.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Alford is a market town in the East Lindsey district of Lincolnshire, situated on the edge of the Lincolnshire Wolds between Mablethorpe, Louth, Spilsby and Skegness and acts as a local retail centre. The town lies on the A1104 some 7 miles south of Mablethorpe and 30 miles east of Lincoln, and benefits from easy access to the A16 and the A158. The property is situated in the heart of town on the west side of Market Place, close to its junction with West Street (A110), opposite public car parking. Occupiers close by include The Post Office, and Co-op Food Store, amongst many other local businesses.
Mortgage calculator
Monthly repayment
£500 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}