Market Place, Retford, DN22

PLANNING PERMISSION HAS BEEN GRANTED FOR TWO SCHEMES A fantastic opportunity to acquire a substantial, both commercial and residential property, with full frontage to Retford’s heavily pedestrianised town square, and a great prominence for potential passing trade. Set over two storeys, the large retail area measuring in excess of 2281 sq ft. sees a shop floor, kitchen, disabled toilet facilities and an ample storage area, with a versatile seating zone, further storage space, staff room and additional toilet facilities to the rear of the first floor. The second floor boasts a residential area in a TWO BEDROOM apartment in need of restoration, and briefly comprises of an entrance hall, kitchen diner, lounge, master bedroom, further single bedroom and a family bathroom- Please refer to floorplan 1.

PLANNING PERMISSION HAS BEEN GRANTED FOR TWO SCHEMES:

SCHEME 1: To change the use of the current first floor seating zone into a TWO DOUBLE BEDROOM apartment, briefly comprising of an open plan kitchen dining living space, utility area, inner hallway, master bedroom, further sizeable bedroom and a family bathroom. If developed, this apartment and the apartment to the second floor have a potential gross rental yield of 7-9%- Please refer to floorplan 2- PLANNING REFERENCE: 22/01251/FUL.

SCHEME 2: To convert the rear section of the ground floor kitchen area into a TWO DOUBLE BEDROOM apartment, briefly comprising of an entrance hall, open plan kitchen dining living space, inner hallway, master bedroom, further sizeable bedroom and a family bathroom, and to change the use of the entirety of the first floor into a HMO with FOUR DOUBLE BEDROOMS, each with the potential to achieve £150 per week- Please refer to floorplan 3- PLANNING REFERENCE: 24/00124/PDN.

There is also the potential for full residential approval for six apartments to include the conversion of the ground floor frontage, subject to the necessary planning consents.

Tenure:

Freehold- Vacant possession will be given upon completion.

VAT:

VAT is chargeable on the final sale price.

Services: 1

With a comprehensive gas and electrical infrastructure, having previously been used as a KFC retail outlet.

Legal Costs:

Each party to pay their own.

Disclaimer

General
Whilst we endeavour to make our sales particulars fair, accurate & reliable, they are a general guide only. If a point is of particular importance, please let us check the position for you, especially if you plan to travel some distance for a viewing.
Services
Please note we have not tested the services, or appliances present. We advise prospective buyers to commission their own survey or service reports, before finalising their purchase.
Measurements
These room sizes are a general guide only. You must verify the dimensions carefully before ordering carpets & furniture.
MONEY LAUNDERING REGULATIONS
Intending purchasers will be asked to produce identification documentation, & we ask for your co-operation to avoid delays.
Particulars
THESE PARTICULARS ARE ISSUED IN GOOD FAITH, BUT THEY DO NOT CONSTITUTE FACT. BUYERS SHOULD VERIFY ALL DETAILS INDEPENDENTLY. ALEXANDER JACOB LIMITED NOR ITS AGENTS CAN MAKE ANY REPRESENTATIONS OR PROVIDE ANY WARRANTIES IN RELATION TO THIS PROPERTY...