Available
Alford – Retail Shop
14a Market Place, Alford, Lincolnshire LN13 9EBVirtual Freehold Retail Investment
Price
£100,000
Rent P.A.
£8,400
Yield
8.40%
Tenure
Leasehold
Lease Term
6 Years
Years Left on Lease
5y 11m
Area
1,022 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- 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
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
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
Ground Floor Shop: 95 sq m (1,022 sq ft)
Open plan retail, store, office, wc
Tenancy Description
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.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
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.
