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Just added
£225,000
(£51.43/sq. ft)
Retail premises for sale
Low Street, Sutton In Ashfield NG174,375 sq. ft
Local area information
Property location
Nearby amenities
- Sutton Community Academy 0.1 miles
- Croft Primary School 0.2 miles
- Sutton Parkway 1 mile
- Kirkby-in-Ashfield 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Large freehold multi use E class property
Location
The subject property occupies a prominent Town Centre position fronting the pedestrianised Low Street opposite the entrance to the Idlewells Shopping Centre (owned by a subsidiary of Midos Group). Occupiers in the scheme include Boots, B&M Bargains, Card Factory, Greggs and Ladbrokes. The scheme comprises some 47 retail units, 3 kiosks and incorporates the Bus Station together with 580 car parking spaces.
Sutton in Ashfield itself is a Market Town with a population in the region of 42,000 persons and situated approximately 14 miles to the North of Nottingham. The subject property benefits from rear loading off Sherwood Street/High Street.
Description
The premises comprise a double fronted retail unit with modern aluminium frame shop front and security roller shutter (not tested).
The premises comprise a main ground floor trading area, together with extensive upper ground floor trading and potential stores.
Accommodation
Ground floor
Ground Floor Sales 123 sq m (1,325 sq ft)
Upper Ground Floor
Sales 135 sq m (1,450 sq ft)
Total Ground Floor 258 sq m (2,775 sq ft
First Floor (if required)
Storage 149 sq m (1,600 sq ft)
Tenure
The ground floor is available to let by way of a new internal repairing and insuring lease subject to 5 yearly upward only Rent Reviews on terms to be agreed. Or freehold subject to possession.
Service charge
There will be an appropriate contribution to the Building Service Charge for the maintenance and upkeep of the communal areas and exterior.
Rental
£16,500 per annum exclusive (ground floor).
Price
Freehold £225,000 plus VAT
Rating assessment
Rateable Value (2023) whole £24,750.
To be split upon occupation (if part only).
Interested parties are asked to verify this information with the Local Rating Authority.
Legal costs
In respect of an abortive transaction the tenants to be responsible for the landlords legal costs incurred to that point. In respect of a successful transaction each party to bear their own legal costs.
Planning
We understand the premises have previously been utilised for E (a) retail purposes and rage of E Class uses will be considered or alternative uses subject to appropriate Planning Consents where required.
Interested parties should consult Ashfield District Council Planning Department. Telephone:
New West Ltd nor the landlords can warrant any aspect of the current or proposed Planning uses or building, fire or any other Statutory Regulations in relation to these premises.
VAT
The price and rental is plus VAT. The position with regard to VAT is reserved at all times. Interested parties are asked to seek independent advice in relation to this matter.
Commercial energy performance certificate
The premises have been assessed as C65. Copies of the EPC Report and Recommendations are available to applicants on request.
Money laundering policy
In accordance with Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful tenant.
The subject property occupies a prominent Town Centre position fronting the pedestrianised Low Street opposite the entrance to the Idlewells Shopping Centre (owned by a subsidiary of Midos Group). Occupiers in the scheme include Boots, B&M Bargains, Card Factory, Greggs and Ladbrokes. The scheme comprises some 47 retail units, 3 kiosks and incorporates the Bus Station together with 580 car parking spaces.
Sutton in Ashfield itself is a Market Town with a population in the region of 42,000 persons and situated approximately 14 miles to the North of Nottingham. The subject property benefits from rear loading off Sherwood Street/High Street.
Description
The premises comprise a double fronted retail unit with modern aluminium frame shop front and security roller shutter (not tested).
The premises comprise a main ground floor trading area, together with extensive upper ground floor trading and potential stores.
Accommodation
Ground floor
Ground Floor Sales 123 sq m (1,325 sq ft)
Upper Ground Floor
Sales 135 sq m (1,450 sq ft)
Total Ground Floor 258 sq m (2,775 sq ft
First Floor (if required)
Storage 149 sq m (1,600 sq ft)
Tenure
The ground floor is available to let by way of a new internal repairing and insuring lease subject to 5 yearly upward only Rent Reviews on terms to be agreed. Or freehold subject to possession.
Service charge
There will be an appropriate contribution to the Building Service Charge for the maintenance and upkeep of the communal areas and exterior.
Rental
£16,500 per annum exclusive (ground floor).
Price
Freehold £225,000 plus VAT
Rating assessment
Rateable Value (2023) whole £24,750.
To be split upon occupation (if part only).
Interested parties are asked to verify this information with the Local Rating Authority.
Legal costs
In respect of an abortive transaction the tenants to be responsible for the landlords legal costs incurred to that point. In respect of a successful transaction each party to bear their own legal costs.
Planning
We understand the premises have previously been utilised for E (a) retail purposes and rage of E Class uses will be considered or alternative uses subject to appropriate Planning Consents where required.
Interested parties should consult Ashfield District Council Planning Department. Telephone:
New West Ltd nor the landlords can warrant any aspect of the current or proposed Planning uses or building, fire or any other Statutory Regulations in relation to these premises.
VAT
The price and rental is plus VAT. The position with regard to VAT is reserved at all times. Interested parties are asked to seek independent advice in relation to this matter.
Commercial energy performance certificate
The premises have been assessed as C65. Copies of the EPC Report and Recommendations are available to applicants on request.
Money laundering policy
In accordance with Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful tenant.
More information
Listed by
New West Chartered Surveyors
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