£120,000
(£97.40/sq. ft)
Retail premises for saleWrawby Street, Brigg DN20
1,232 sq. ft
Just added
About this property
Investment property.
Prime retail location on Wrawby Street Brigg.
Tenanted by Oxfam.
Rental income £7,800 per annum.
Held on five year lease from 2022.
Approximate size 114.56 sqm 1232 sq ft
Location
The subject property is situated in the market town of Brigg, which is one of North Lincolnshires largest settlements.
Wrawby Street is the main retail area of the town and is also pedestrianised. Wrawby Street contains both national and regional retailers which is complimented by a wealth of local traders.
To the northern side of the central area is an inner ring road that also provides access to the towns main car park. Access to Wrawby Street from this car park is via numerous pedestrian walkways.
The subject property is in a central and prime location within Wrawby Street and therefore at the heart of the retail activity in an excellent trading location.
Description
Mid terrace three storey unit of conventional brick construction beneath a concrete interlocking tiled roof.
To the western side is a brick archway leading to Chapel Court and the main Local Authority Carpark. To the east of the property on Wrawby Street is an entrance door that leads to the first and second floors.
Ground floor
Retail unit separately accessed from Wrawby Street. Retail are L shaped with office and kitchen to the rear. Rear entrance lobby, internal staircase to first floor, WC accommodation.
First floor
Two offices, kitchen plus ancillary accommodation.
Second floor
Two offices, kitchen and bathroom (unused).
Accommodation
ground floor
Retail - 26.82 sqm 289 sq ft
Office 1 - 10.41 sqm 112 sq ft
Kitchen - 6.95 sqm 75 sq ft
Small store - 0.91 sqm 10 sq ft
First floor
Office 2 - 13.61 sqm 146 sq ft
Office 3 - 13.61nsqm 146 sq ft
Store room - 4.76 sqm 51 sq ft
Kitchen - 5.28 sqm 57 sq ft
WC
second floor
Office 4 - 14.62 sqm 157 sq ft
Office 5 - 13.69 sqm 147 sq ft
Kitchen - 3.88 sqm 42 sq ft
Bathroom
Total - 114.56 sqm 1232 sq ft
Rateable value
The ground floor is entered in the rating list as Shop and Premises. Rateable value £8,100 per annum. We would recommend that interested parties make their own enquiries to the Rating Authority to verify the current rating liability and regarding small business rate relief.
Services
Electricity, water and drainage are understood to be connected to the subject property, partial electric heating. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use. EPC D 98.
Disposal terms
The property is being sold as an investment with the tenant in occupation being Oxfam. We have been informed that the original lease was for five years from 2012 on internal repairing terms. There is a schedule of condition for the second floor.
We were further informed that there is a new lease on the same terms starting 2022 for five years. Current passing rent £7,800 per annum.
The subject property is situated in the market town of Brigg, which is one of North Lincolnshires largest settlements.
Wrawby Street is the main retail area of the town and is also pedestrianised. Wrawby Street contains both national and regional retailers which is complimented by a wealth of local traders.
To the northern side of the central area is an inner ring road that also provides access to the towns main car park. Access to Wrawby Street from this car park is via numerous pedestrian walkways.
The subject property is in a central and prime location within Wrawby Street and therefore at the heart of the retail activity in an excellent trading location.
Description
Mid terrace three storey unit of conventional brick construction beneath a concrete interlocking tiled roof.
To the western side is a brick archway leading to Chapel Court and the main Local Authority Carpark. To the east of the property on Wrawby Street is an entrance door that leads to the first and second floors.
Ground floor
Retail unit separately accessed from Wrawby Street. Retail are L shaped with office and kitchen to the rear. Rear entrance lobby, internal staircase to first floor, WC accommodation.
First floor
Two offices, kitchen plus ancillary accommodation.
Second floor
Two offices, kitchen and bathroom (unused).
Accommodation
ground floor
Retail - 26.82 sqm 289 sq ft
Office 1 - 10.41 sqm 112 sq ft
Kitchen - 6.95 sqm 75 sq ft
Small store - 0.91 sqm 10 sq ft
First floor
Office 2 - 13.61 sqm 146 sq ft
Office 3 - 13.61nsqm 146 sq ft
Store room - 4.76 sqm 51 sq ft
Kitchen - 5.28 sqm 57 sq ft
WC
second floor
Office 4 - 14.62 sqm 157 sq ft
Office 5 - 13.69 sqm 147 sq ft
Kitchen - 3.88 sqm 42 sq ft
Bathroom
Total - 114.56 sqm 1232 sq ft
Rateable value
The ground floor is entered in the rating list as Shop and Premises. Rateable value £8,100 per annum. We would recommend that interested parties make their own enquiries to the Rating Authority to verify the current rating liability and regarding small business rate relief.
Services
Electricity, water and drainage are understood to be connected to the subject property, partial electric heating. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use. EPC D 98.
Disposal terms
The property is being sold as an investment with the tenant in occupation being Oxfam. We have been informed that the original lease was for five years from 2012 on internal repairing terms. There is a schedule of condition for the second floor.
We were further informed that there is a new lease on the same terms starting 2022 for five years. Current passing rent £7,800 per annum.
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Monthly repayment
£600 per month
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