25 Outram Street Sutton in Ashfield Nottinghamshire NG17 4BA

25 Outram Street
Sutton in Ashfield
Nottinghamshire
NG17 4BA

  • Retail let to William Hill Organization Limited until 2026 (subject to option)
  • Permitted development for 3 residential flats on the first floor
  • Prominent Town Centre location
  • Nearby occupiers include Wilko, HSBC and Pizza Hut
  • producing £17,000 per annum exclusive (with vacant upper parts)
  • Lot
    70
  • Auction
    13th July 2017
  • Rent
    £17,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £205,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

* More information on the term "guide" can be found here

  • Retail let to William Hill Organization Limited until 2026 (subject to option)
  • Permitted development for 3 residential flats on the first floor
  • Prominent Town Centre location
  • Nearby occupiers include Wilko, HSBC and Pizza Hut
  • producing £17,000 per annum exclusive (with vacant upper parts)
  • Lot 70
  • Auction 13th July 2017
  • Rent
  • Status Sold
  • Price £205,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles south-west of Mansfield, 24 miles south-east of Sheffield
Roads
A38, M1
Rail
Suttton Parkway Railway Station
Air
East Midlands Airport
Situation

The property is situated on the west side of Outram Street, close to its junction with Welbeck Street. Nearby occupiers include Wilko, HSBC and Pizza Hut.

Tenure

Freehold.

Location
Miles
3 miles south-west of Mansfield, 24 miles south-east of Sheffield
Roads
A38, M1
Rail
Suttton Parkway Railway Station
Air
East Midlands Airport
Situation

The property is situated on the west side of Outram Street, close to its junction with Welbeck Street. Nearby occupiers include Wilko, HSBC and Pizza Hut.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with self-contained former office accommodation on the first floor which is separately accessed off Outram Street. The property benefits from a second frontage to the rear of the property, with a customer entrance from the public car park. The property benefits from permitted development rights to convert the first floor into 2 x one bedroom residential flats and a 1 x two bedroom residential flat. A letter from the Local Authority is available in the legal pack.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with self-contained former office accommodation on the first floor which is separately accessed off Outram Street. The property benefits from a second frontage to the rear of the property, with a customer entrance from the public car park. The property benefits from permitted development rights to convert the first floor into 2 x one bedroom residential flats and a 1 x two bedroom residential flat. A letter from the Local Authority is available in the legal pack.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground Retail
155.09 sq m
(1,669 sq ft)
WILLIAM HILL
ORGANIZATION
LIMITED (1)
20 years from
30/06/2006 (2)
£17,000 30/06/2021
(29/06/2026)
First Former Office
138.10 sq m
(1,487 sq ft)
VACANT
POSSESSION
     
Total
293.19 sq m
(3,156 sq ft)
    £17,000  

(1) William Hill is the UK’s number one provider of licensed betting offices with 2,372 licensed betting shops in the UK and employ more than 16,000 people in nine countries (Source: www.williamhillplc.com 14/06/2017). For the year ending 29th December 2015, William Hill Organization Limited reported a turnover of £873,900,000, pre-tax profits of £246,400,000 and a total net worth of negative -625,000,000 (Source: Experian Group 14/06/2017).
(2) The lease provides for a tenant option to determine the lease on 29/06/2021.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    890 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Lawrence Stephens 50 Farringdon Rd
London
EC1M 3HE
Avi Barr 020 7936 8897abarr@lawstep.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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