Widow Frost Public House, 41 Leeming Street, Mansfield, NG18 1NB
£295,000+
Commercial
Key Features
- Freehold public house situated in a prominent position Mansfield Town Centre
- Total current rent reserved of £67,000 pax
- Boasting a total floor area of 9,566 Sq Ft in the heart of town
Part of the
25 April 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a substantial freehold Town Centre Public House located in the heart of Mansfield's established bar and leisure circuit. Total current rent reserved of £67,000 pax
- Freehold Public House situated in the heart of the Town Centre
- The Widow Frost is a period two story terraced property
- Boasting a total floor area of 9,566 Sq Ft in the heart of town
- An established trading area well serviced by public transport
- A 5 minutes walk from Mansfield train station
- Ground floor Trading floor/Ancillary area 4,187 Sq Ft
- First floor Kitchens, stores, staff areas etc 4,102 Sq Ft
- Basement store/cellar 1,277 Sq Ft
- Total current rent reserved of £67,000 pax
- Not measured by Auction Estates
- Surrounded by a wealth of local amenities
- Scope for potential future conversion to residential (STP)
- An ideal investment opportunity
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 existing FRI lease producing a rent of £67,000 pa (4.5 years remaining)
Refer to Legal Pack
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Telephone: 0115 9304 994