Property for sale

IMMEDIATE INCOME PRODUCING TOWN CENTRE INVESTMENT. Excellent trading position opposite B&M and the town's multi storey car park with parking for over 500 vehicles. PASSING RENT OF £20,000 PER ANNUM. Comprises a ground floor retail showroom with retail and ancillary accommodation at first floor. Ground: 327sqm (3,520sq ft) 1st Floor: 301sqm (3,240sq ft) Total: 628sqm (6,760sq ft) FULLY REFURBISHED prominent retail unit recently let on 10 year FRI lease until 2030. Rent review in 2025 with deposit of £5,000 held by landlord. Secure tenant. Well-established business locally. Popular shopping precinct with high footfall. Surrounded by national retailers including Halifax, Papa John's Pizza, Topshop, GAME, Primark, Marks & Spencer, McDonalds, HSBC and many more Modernised retail premises in heart of Mansfield town centre. Opposite B&M Bargains and the town's multi storey car park with parking for over 500 vehicles. PRIME UNIT with easy access. Long Leasehold. Held for a term of 125 years from 04/04/1979 at a peppercorn rent. Comprises a ground floor retail showroom with retail and ancillary accommodation at first floor. Close to the Four Seasons Shopping Centre. May be suitable for hot food premises (Local Authority is Mansfield District Council). OVER £100,000 SPENT ON REFURBISHMENT OF THE PROPERTY. IMMEDIATE RENTAL INCOME OF £20,000 per annum. Prime trading position within high footfall shopping precinct. The premises are not Listed nor are they situated within a Conservation Area

Auction Details
28 November 2024, 10am-3pm
Timed Online Auction

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