Eastfield Service Station 139 Eastfield Road Sutton in Ashfield Nottinghamshire NG17 4JW

Eastfield Service Station
139 Eastfield Road
Sutton in Ashfield
Nottinghamshire
NG17 4JW

Freehold Convenience Store/Petrol Station Investment

Let to MPK Garages Limited until 2026 (no breaks)
Includes a Petrol Station with a Convenience Store
Prominent high density residential area
Medium term Residential Redevelopment Potential (Subject to Consents)
Open Market Rent Review October 2021
Approximately 0.22 hectares (0.54 acres)

Lot
14
Auction
16th June 2021
Rent
£44,000 per Annum Exclusive
Status
Sold
Price
£500,000
Auction Venue
Live Streamed Auction

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Freehold Convenience Store/Petrol Station Investment

Let to MPK Garages Limited until 2026 (no breaks)
Includes a Petrol Station with a Convenience Store
Prominent high density residential area
Medium term Residential Redevelopment Potential (Subject to Consents)
Open Market Rent Review October 2021
Approximately 0.22 hectares (0.54 acres)

Lot 14
Auction 16th June 2021
Rent £44,000 per Annum Exclusive
Status Sold
Price £500,000
Sector
Motor Trade, Petrol Station
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles south-west of Mansfield; 12 miles south-east of Chesterfield; 14 miles North of Nottingham
Roads: M1, A38, A617
Rail: Sutton Parkway
Air: Nottingham Airport

Situation

The property is situated in a predominantly residential area on east side of Eastfield Side opposite its junction with Tudsbury Terrace and approximately 0.75 miles north-east of Sutton-in-Ashfield Town Centre and approximately 1 mile south-west of King's Mill Hospital.

Tenure

Freehold.

Location

Miles: 2 miles south-west of Mansfield; 12 miles south-east of Chesterfield; 14 miles North of Nottingham
Roads: M1, A38, A617
Rail: Sutton Parkway
Air: Nottingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a Petrol Filling Station with a convenience store and Car Wash and a site of approximately 0.22 hectares (0.54 acres).

The site has recently been rebranded in 2020 with enhancements made to the convenience store.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Ground	Retail/Petrol Filling Station	87.90 sq m	(946 sq ft)	MPK GARAGES LIMITED (1)	15 years from 31/10/2011 on a full repairing and insuring lease	£44,000	31/10/2021 (30/10/2026)
Total		87.90 sq m	(946 sq ft)			£44,000

(1) For the year ending 31st December 2019, MPK Garages Limited reported a turnover of £80,448,023 a pre-tax profit of negative £810,824 and shareholder funds of £16,464,682 (Source: NorthRow 19/05/2021). MPK Garages Limited is a substantial independent forecourt retailer with 29 sites across the UK and was listed number 11 in Top 50 Indies 2021 Forecourt Trader.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.