Key Information
- £50,000 per annum exclusive
- Prominent glazed frontage of 36ft (10.97m) onto a pedestrianised prime pitch
- In close proximity to the Four Seasons Shopping Centre, Mansfield Marketplace and the new Bus Interchange.
- Suitable for a variety of uses, STP
- £50,000 per annum exclusive
The subject property is arranged across 4 storeys, with ground floor sales accommodation with a prominent frontage of 36ft (10.97m) onto Stockwell Gate, as well as stores and staff accommodation across first, second and third floors.
Location
The site is located in the market town of Mansfield, situated 12 miles from Nottingham, with a population of c. 110,000 and a catchment of 470,000 within a 10-mile radius. The property is located along the southern face of Stockwell Gate, which is a short walk from the Four Seasons Shopping Centre and Market Place. The property is in close proximity to a new drive thru/to site which includes Taco Bell, Tim Hortons and Dominos as well as 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, Poundland, Costa, Sports Direct and Greggs.
VAT
All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.
Rates
Property Description: Shop & Premises Rateable Value: £53,000 Rates Payable: £27,136(based on the small business rates of 49.9p, effective until March 2023). The draft valuation has been updated by the Valuation Office Agency and is as follows; Property Description: Shop & Premises Rateable Value: £32,750 Rates Payable: £16,342.25 (based on the small business rates of 49.9p, effective until March 2024). This will come into effect from April 2023. All retail, leisure and hospitality users will be entitled to 50% rates relief or rates payable up until April 2023, which will increase to a 75% discount from April 2023. (Source: VOA)
EPC
A copy of the EPC is available from the agent upon request.
Viewing
Viewings are by appointment with Innes England or our joint agent: FHP Tel: 0115 950 7577
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
From online enquires it is our understanding that the property benefits from planning permission for its current use under Use Class E (commercial service and business) under the Town and County Planning (Use Classes) Order 1987 and its subsequent amends. Interested parties should make their own enquiries to Mansfield District Council.