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
    16/Jun/2021
  • Rent
    £44,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £500,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    Live Streamed Auction
  • Eastfield Service Station<br>139 Eastfield Road<br>Sutton in Ashfield<br>Nottinghamshire<br>NG17 4JW
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* More information on the term "price" can be found here

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.

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.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews/(Reversion)
GroundRetail/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
£44,00031/10/2021
(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    08.06.21
    File Size
    7 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    831 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    878 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
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Simons Muirhead & Burton 87 - 91 Newman Street, Fitzrovia
London
W1T 3EY
Mark Levine 0203 206 2793mark.levine@smab.co.uk

Useful Links

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