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Retail Unit with Residential Investment, 16 Brook Street, Sutton in Ashfield, NG17 1AL

718 Sq Ft / Retail / Investment

Sold - Last updated: 17 March 2021

The subject property comprises a fully refurbished sales shop with a good sized sales area, kitchen, store room, boiler room and w.c. The premises has the advantage of double glazed window and gas fired central heating, suspended ceilings, modern fluorescent lighting with diffusers and smoke alarms throughout.

The shop has external shutters to display window and has a burglar alarm.

The premises adjoin the Bainbridge Ballroom, Clement Taylor Menswear, a take away fish & chip shop and restaurant, Coral Bookmakers, while opposite are the offices of Ashfield Homes and the former Royal Mail sorting office.

Location

The subject premises are situated in a parade of shops, to the west of the Market Place, close to the centre of the large town of Sutton in Ashfield which serves a population of approximately 50,000.

The town provides a wide range of facilities including the Idlewells Shopping Centre, retail parks, Asda superstore and a wide range of shops, indoor and outdoor market, and has excellent car parking.

The town is located approximately 14 miles north west of Nottingham, 4 miles south west of Mansfield and approximately 6 miles north east of Alfreton, and has good road access via the A38 to Junction 28 of the M1 motorway which provides good access to most parts of the country.

Accommodation

SALES SHOP 23'4" x 26'9" max (7.1 x 8.15 max)
With double glazed door and two double glazed display windows, suspended ceiling, fluorescent light,

REAR LOBBY
With fire exit to rear yard and to the side passage.

BOILER CUPBOARD 5'3" x 3'6" (1.59 x 1.07)
With wall mounted gas fire boiler heating radiators and hot water.

W.C
With low level w.c, wash hand basin and with h & c, central heating radiator and extractor fan.

SUMMARY OF FLOOR AREA
We calculate the floor area to be 66.68 sq.ms (718 sq.ft).

Terms

LOCAL AUTHORITY
Ashfield District Council.

RATING ASSESSMENT
We understand from our inspection of the rating list on the Valuation Office website that the property has a rateable value of £XXX at the present time. Small business rate relief may be available.

LEASE
The premises were let on a 3 year Lease on 29th April 2016 and producing a rental of £XXX per annum.

FLAT
The flat was previously let at £XXX pcm but is now vacant.

TENURE
We understand the tenure of the property is freehold.

SERVICES
Mains water, gas, electricity and drainage are connected to both properties.

Specification

  • Investment for sale at offers of around £XXX producing gross income of £XXX per annum.
  • Ground floor sales shop is let on a 3 year Lease 29/04/16 at a rental of £XXX
  • Town centre position, close to the Market Place.


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