Key Information
- £50,000 per annum exclusive
- NIA; 7,002 SQFT (650.5 SQM) available as a whole or in part
- Nearby occupiers include Asda, Tesco, Domino's, Boyes and Heron Foods
- Suitable for a variety uses, subject to planning and Landlord consent
- Unit as a whole; £55,000 per annum exclusive Unit 1; £25,000 per annum exclusive Unit 2; £40,000 per annum exclusive
The property comprises a self contained, open plan ground floor retail unit with a fully glazed frontage. The unit benefits from a suspended ceiling with inset LED lighting, part-carpeted and part-laminate flooring. The property has ancillary storage, staff kitchenette and W/Cs to the rear. There is an access road to the rear of the building which allows for rear loading directly into the storage area. The shopping precinct benefits from 136 car parking spaces for both the subject premises and adjacent Asda convenience store.
Location
The subject premises are located within a shopping precinct in the centre of New Ollerton, a well-established market town approximately 20 miles north of Nottingham. The town benefits from good road connections via the A614, providing access to nearby Worksop, Mansfield and Retford as well as the A1 which is 8 miles to the north. The immediate area comprises a mix of national and local retailers together with food and service operators, creating an established retail destination for the local community.
VAT
All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.
Service Charge
There is a service charge levied for the upkeep of the common areas, building structure and external areas. The latest estimate is as follows; Unit 1; £6,000 per annum Unit 2; £11,000 per annum
Rates
The property is currently assessed as one unit. Property Description: Shop & Premises Rateable Value: £61,000 Rates Payable: £26,230 (based on the uniform retail, hospitality and leisure business rates multiplier of 43p effective until April 2027).
EPC
An EPC has been commissioned and will be available in due course.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property benefits from planning consent for the following uses: Class E (Commercial, Business and Services use). Making the premises suitable for uses such as a shop, cafe, restaurant, office, clinics, health centre and day nurseries. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).
Viewing
Viewings are by appointment with sole agents Innes England