5-7 Stockwell Gate, Mansfield, Nottinghamshire, NG18 1JY

SITUATION
Located between Market Place and Queen Street and diagonally opposite an entrance to the Four Seasons Shopping Centre, in the heart of this pedestrianised town centre amongst multiples such as Superdrug, Halifax, Santander, Timpson, Nationwide, Greggs and many others.
Mansfield is an historic market town which lies some 13 miles north of Nottingham and 11 miles south-east of Chesterfield benefitting from excellent road access via the M1 (Junctions 28 & 29).

PROPERTY
An attractive Grade II Listed mid-terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on first, second and third floors (See Note 1).
The property includes a Parking Area at the rear for 3 to 4 cars (See Note 2).

VAT is applicable to this Lot

FREEHOLD

ACCOMMODATION¹
Ground Floor Shop
Gross Frontage 35'8" (not including gated entrance)
Internal Width 28'0" (max)
Shop Depth 63'4"
Built Depth 83'10"
Area Approx. 2,002 sq ft
WC
First Floor
Area Approx. 1,015 sq ft
Second Floor
Area Approx. 1,138 sq ft
Third Floor (not inspected)
Area Approx. 430 sq ft
Total Area Approx. 4,585 sq ft
¹Areas taken from VOA.

TENANCY
The property is let on a full repairing and insuring lease (subject to a schedule of condition) to Luxury Leisure t/a Admiral Casino (having over 230 branches) (Parent Company - Novomatic UK Limited - visit: novomaticuk.com) (T/O for Y/E 31/12/2023 £141m, Pre- Tax Profit £14.8m and Shareholders' Funds £56.9m) for a term of 10 years from 30th September 2024 at a current rent of £42,500 per annum exclusive.

Rent Review & Tenant's Break September 2029

Note 1: Three rooms on the second floor are not demised to the Tenant - See Lease.

Note 2: The rear Parking Area is not demised to the Tenant and is therefore Vacant - See red hatched area on Ordnance Survey Map.

Note 3: There may be potential to convert the upper partsto residential use subject to obtaining possession and the necessary consents.

Note 4: 6 week completion