42 & 42A Station Road, Sutton-In-Ashfield, Nottinghamshire, NG17 5FH
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Two commercial units
- Both units are let
- Produces a total income of £15080 per annum
- Designated customer parking
- Prominent location
- Excellent investment opportunity
Description
An excellent opportunity to purchase two commercial units.
The lease on 42 Station Road commenced on January 1st 2025 and expires on December 5th 2027. A rent review was held in June 2025 with the rent rising to £7,540 per annum. The lease on 42A Station Road commenced on April 6th 2016 and expires on April 5th 2037. A rent review is held every three years and the rent rose to £7,540 per annum on the last rent review, being December 31st 2022. The property therefore has a current overall rental income in the order of £15,080 per annum. Prospective purchasers are strongly advised to view all legal documents in the legal pack prior to the auction.
Tenure
See Legal Pack
42 Station Road
The property comprises a ground-floor semi-detached commercial unit. The unit is currently operating as a hairdressers salon and has a modern shop front with a central entrance door leading directly into the main salon area. The internal layout is predominantly open-plan, providing a main salon and customer waiting area at the front. To the rear of the main salon, there is a smaller ancillary area currently used as a staff kitchen and storeroom. A separate WC, containing a toilet and wash basin, is located within the front left section of the main space.
42A Station Road
The property comprises a single-storey commercial unit, attached to the neighbouring property (42 Station Road) to form a semi-detached building. The unit is currently operating as a hot food takeaway. It features a glazed shop front and a single entrance door. The internal layout consists of a front customer waiting and service counter area. Behind the counter is the main open-plan cooking and food preparation zone, which is fitted with a full commercial extraction system. There are no customer toilet facilities.
Outside
The property benefits from two designated customer car parking spaces located in a shared tarmacadam area to the side and rear.
Energy Efficiency Rating (EPC)
Current Rating (42 - C) (42A - TBC)
Local Authority
Ashfield District Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1695 plus VAT (£2034 inc VAT), payable on completion.
Administration Charge - £2340 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
42 & 42A Station Road, Sutton-In-Ashfield, Nottinghamshire, NG17 5FH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Sutton Parkway Station0.8 miles
- Kirkby in Ashfield Station1.6 miles
- Mansfield Station2.7 miles
Notes
Disclaimer - Property reference 42StationRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Copelands, Auctions House. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Copelands, Auctions House on 01246 383471.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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