October 4, 2023

16-26 West Gate

• 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%