£1,950,000

Retail premises for sale

  1. Property photo 1 of 1.

£1,950,000

(£63.67/sq. ft)

Retail premises for sale

16-26 West Gate, 16-26 West Gate, Mansfield NG18

30,625 sq. ft

Local area information

Property location

Nearby amenities

  • REAL Alternative Provision School (SEN) 0.2 miles
  • Mansfield 0.2 miles
  • St Philip Neri With St Bede Catholic Voluntary Academy 0.4 miles
  • Mansfield Woodhouse 1.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and 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%

More information

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  1. Zoopla
  2. Commercial for sale
  3. Nottinghamshire
  4. Mansfield
  5. West Gate

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