(Former Wilko and Car Park), 32-38 Clumber Street, Mansfield, Nottinghamshire, NG18 1NU

Interested parties should contact Knight Frank Auctions for further information.

Description
On the instructions of Joint Receivers.

The property comprises a substantial retail and former nightclub extending to approximately 64,470 sq ft (5,989.46 sq m) (1) arranged over ground and first floors, together with a car park directly accessed from the A6009 (St Peter's Way) in Mansfield's town centre.

Accommodation & Tenancy

Ground floor - Retail (Class E) - 53,395 sq ft (4,960.56 sq m) - Vacant
First floor - Sui Generis - 11,075 sq ft (1,028.9 sq m) - Vacant
Car Park - Let to Mansfield District Council (2) for a term of 10 years from 01/05/2012 (thus holding over) with a passing rent of £111,000 per annum
(1) Areas have been provided by the vendor.
(2) Mansfield District Council have served a Section 26 request for a new tenancy. Refer to the legal pack for more information.

The site area is approximately 1.49 acres.

VAT
To be advised. Refer to the legal pack.

The property offers a number of exciting asset management opportunities, including re-gearing and splitting/letting vacant units. The property may also offer development potential for a variety of uses (subject to the existing leases and obtaining the requisite consents).

Location
The property is located on Clumber Street on the edge of Mansfield town centre with strong frontage to A6009, St Peters Way , the inner ring road.

The property is close to the pedestrianised shopping area where nearby retailers include Marks and Spencer and Primark. The property is also adjacent to the town's main evening economy destinations with nearby occupiers including the Palace theatre and JD Wetherspoon.

Occupancy
Part let

Tenure
Freehold

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.