9-11 West Gate, Mansfield, Nottinghamshire, NG18 1RY
£295,000+
Commercial
Key Features
- An opportunity to acquire a freehold investment property in the heart of Mansfield town centre
- A new 10-year lease for the ground floor at £30,500 per annum is due to complete in March 2025
- The upper floors have full planning permission for conversion into a six-bedroom HMO.
Part of the
17 April 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a freehold three-storey commercial property in the heart of Mansfield town centre. Subject to a new 10-year lease of the ground floor to Boylesports Bookmakers at £30,500 per annum due to complete in March 2025. The upper floors have full planning permission for conversion into a six-bedroom HMO.
- Prime town centre mixed use investment property
- Located just off the Market Square on West Gate
- West Gate is a high footfall pedesrtianised street
- Close to St Peter's Retail Park & Four Seasons Shopping Centre
- Nearby occupiers: Greggs, Starbucks, M&S, EE, Boots etc
- A short walk from Mansfield Train Station & Bus Station
- Comprising a three storey property extending to 2,992 sq ft
- Ground floor new lease agreed to Boylesports Bookmakers
- New lease due to complete in March 2025
- The lease will be a 10 year lease at £30,500 pax
- Vacant first & second floors have Full PP for 6 bed HMO
- Local Authority: Mansfield District Council
- Planning Reference: 2024/0698/FUL
- An ideal opportunity for investors & developers
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold subject to the impending 10 year lease to Boylesports Bookmakers at £30,500 pa for the ground floor. Upper floors offered with Vacant Possession
Refer to Legal Pack
Email: r.latham@wjclaw.co.uk
Telephone: 01384 371622