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25, Outram Street, Sutton In Ashfield, Notts

Guide price £225,000

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  • Shop

FOR SALE BY PUBLIC AUCTION ON THURSDAY 11TH MAY 2017 AT THE CIVIC CENTRE, CHESTERFIELD ROAD SOUTH, MANSFIELD, NOTTS. NG19 7BH AT 3:00PM PROMPT. Prominently situated two storey premises. The ground floor is arranged as a Betting Shop which has the benefit of a return frontage to the Asda car park at the rear. The ground floor premises are let to William Hill organisation Ltd under a 20 year Lease that commenced on the 30th June 2016 at a passing rental of £17,000 per annum. The Betting Shop has a net frontage of approximately 6.45 metres and a depth of 19.65 metres and includes a staff kitchen plus w.c accommodation. The first floor accommodation is vacant and unused and has a gross internal floor area of 157 sq metres or thereabouts and is open plan in nature. Planning Permission granted by Ashfield District Council for change of use to flats under reference X/2016/0019. If developed in accordance with the Plans submitted with the Application, the first floor will provide two, one bedroom apartments and one two bedroom apartment. The premises are situated in a good secondary trading position close to the town centre and are in an area where there is consistent demand for rented accommodation. Excellent opportunity for the investor or speculator. Freehold, subject to Tenancy and with part Vacant Possession. Guide Price around £225,000.

Description and Situation

Prominently situated two storey premises. The ground floor is arranged as a Betting Shop which has the benefit of a return frontage to the Asda car park at the rear. The ground floor premises are let to William Hill organisation Ltd under a 20 year Lease that commenced on the 30th June 2016 at a passing rental of £17,000 per annum. The Betting Shop has a net frontage of approximately 6.45 metres and a depth of 19.65 metres and includes a staff kitchen plus w.c accommodation. The first floor accommodation is vacant and unused and has a gross internal floor area of 157 sq metres or thereabouts and is open plan in nature. Planning Permission granted by Ashfield District Council for change of use to flats under reference X/2016/0019. If developed in accordance with the Plans submitted with the Application, the first floor will provide two, one bedroom apartments and one two bedroom apartment. The premises are situated in a good secondary trading position close to the town centre and are in an area where there is consistent demand for rented accommodation. Excellent opportunity for the investor or speculator. Freehold, subject to Tenancy and with part Vacant Possession. Guide Price around £225,000.

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