Outram Street, Sutton-In-Ashfield

For sale recently refurbished retail/office property with the benefit of a private car park to the side and rear occupying a prominent position on Outram Street.

Self contained ground floor shop which is let at a rental of £5,950 per annum.
Self-contained first floor office which is let at a rental of £1,950 per annum.

Total Floor Area 55.2 square metres (594 square feet)

Location - The subject property is situated on the north west side of Outram Street, close to the roundabout junction which leads from Outram Street to Priestsic Road, and to the Asda superstore and Asda filling station. Outram Street is a heavily trafficked road with on street parking, and includes a wide variety of traders including Wilkinsons, William Hill, several supermarkets, a Barista coffee shop, Walton’s plumbers merchants etc. Sutton in Ashfield serves a population of approximately 50,000 and provides a wide range of shops, schools, and retail parks, and has the advantage of regular bus services to Nottingham, Mansfield and Alfreton. Nottingham is some 16 miles, Mansfield 4 miles and Alfreton is approximately 8 miles distance. The town has good road access via the A38 to junction 28 of the M1 Motorway which is approximately 4 miles distance.

Description - The subject property comprises a mixed-use commercial property with a self-contained ground floor retail/office and a self-contained first floor office which are both currently let.
Both units share a private car park.

Accommodation - The accommodation consists of:

Ground Floor - The Ground Floor provides open plan retail sales/office, private office, kitchen and WC. This has recently been let for £5,950 per annum and on a 3 year Lease.

First Floor - The First Floor provides open plan office with a WC. Access is via a private entrance from Outram Street

First Floor Lease - First Floor is let for a term of six years from 13 June 2022. There is a tenant only break clause and open market rent review on 13 June 2025. Current rent is £1,950 per annum.

Outside - to the right hand side of the property there is an access which leads to a car park which is gated and extends to the rear of the unit.

Floor Area - Ground Floor 32.5 sq.m. (350 sq.ft.)
First Floor 22.7 sq.m. (244 sq.ft.)

Total Net Internal Area 55.2 sq.m. (594 sq.ft.)

Epc - The ground floor has an energy rating of D valid until January 2027 and the first floor has an energy rating of D valid until November 2031.

Local Authority - Ashfield District Council.

Rating Assessment - We understand that the ground floor has a rateable value of £3,600 with effect from 1 April 2023; and the first floor has a rateable value of £1,300 with effect from 1 April 2023.

Services - All mains services are connected to the property.

Viewing - Arranged with pleasure by the selling agent.