Market Place, Mansfield, Nottinghamshire, NG18

LOCATION
The property is located in the historic market town of Mansfield, situated 12 miles north of Nottingham, with a population of c. 110,000 and a catchment of 470,000 within a 10 mile radius.

The property forms part of the Grade II Listed Moot Hall and sits on the northern side of the towns Market Square, which is a short walk from the Four Seasons Shopping Centre and Market Place.

The property is in close proximity the new Mansfield Bus Interchange which provides extensive access to Mansfield's surrounding conurbation. Many national occupiers are located within the surrounding pitches including TK Maxx, Next, Boots, Primark, Marks & Spencer, Costa, Sports Direct and Greggs.

DESCRIPTION
The premises comprise a mid-terraced retail unit configured over ground and first floors provided retail accommodation to the ground floor with ancillary accommodation to the first floor.

The property has most recently been used by a financial and professional services user with the ground floor providing:

*carpeted floors
*plastered and painted walls
*perimeter power and data sockets
*suspended ceiling with inset LED lighting
*comfort cooling
*two private offices

To the first floor are male and female wc's, a staff kitchen and further offices.

ACCOMMODATION
The property has the following Net Internal Areas in accordance with the RICS Code of Measuring Practice, 6th Edition:

Ground Floor 74.3 SQ M 800 SQ FT
First Floor 45.3 SQ M 487 SQ FT
Total 119.6 SQ M 1,287 SQ FT

TERMS OF DISPOSAL
The premises are available to let by way of either an assignment, subletting or on a surrender and regrant basis directly with the landlord.

It is currently let on an effective full repairing and insuring basis, expiring 14 December 2028.

PASSING RENT
The passing rent is:

£25,000 per annum exclusive

BUSINESS RATES
From enquiries made of the VOA website we understand that the property is assessed as follows:

Local Authority: Mansfield District Council
Description: Bank & Premises
Rateable Value: £18,000

SERVICE CHARGE
A Service Charge is payable in respect of the maintenance and upkeep of the common areas of the building.

SERVICES
It is understood that mains gas, water and electricity are available and connected to the premises.

PLANNING
From enquiries made of Mansfield District Council it is understood that the property currently has the benefit of a Class E Consent.

Alternative retail uses may be permitted, although interested parties are advised to make their own enquiries of Mansfield District Council's Planning Department in respect of their proposed use.

VAT
All rents are quoted exclusive of VAT, if applicable.

ENERGY PERFORMANCE CERTIFICATE
A new Energy performance Certificate has been requested and will be made available on receipt.

LEGAL COSTS
Each party will be responsible for their own legal costs involved in this transaction.