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Mansfield, Nottinghamshire, NG18 1NA

Status: For Sale
Tenure:
Property: 17 Leeming Street
Size: 0 sq ft
Ref: 56229

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Description:

The premises comprise a mid-parade retail unit with the benefit of internal security shutter (not tested) and ground floor ancillary storage and further storage on the first and second floors.
The premises have partial air-conditioning to ground floor (not tested).

Location:

The premises occupy a good secondary position on the pedestrianised section of Leeming Street, within Mansfield Town Centre adjacent to The Green Dragon Public House, The Garrison and Pasikonik Polish Supermarket.

Leeming Street forms one of the pivotal thoroughfares linking through to the market Place and the prime section of West Gate and the Four Seasons Shopping Centre beyond.

Accommodation:

The accommodation may be more fully described as follows:

Gross frontage 4.19m (13ft 9in)
Internal width 4.09m (13ft 5in)
Shop depth 13.03m (42ft 9in)

Sales area - 47.6 sq m (512 sq ft)
Ground floor stores - 16.7 sq m (180 sq ft)
First floor stores - 26.2 sq m (282 sq ft)
Second floor stores - 26.6 sq m (282 sq ft)
TOTAL 117.1 SQ M (1,256 SQ FT)

Freehold Price:

100,000 (No VAT)

Rateable Value:

We understand the premises are assessed as follows:

Rateable Value (2017) 9,100

Interested parties are asked to verify this information direct with the local Rating Authority.

Value Added Tax:

We understand that the landlords do not intend to charge VAT. However the position with regard to VAT is reserved at all times and purchaser should make their own enquiries.

Lease Terms:

The premises are let to Harmony Health & Beauty House Ltd with guarantor Yuqi Cong by way of a lease expiring 23 June 2023.
The current rental is 6,000 pax from 2 February 2017 and then subject to a review on an upward only basis 2 February 2021.

The tenants are obliged to keep the premises in good repair and condition including the shutters, shop front, window frames, glass, doors and door frames but excluding the roof and main structural walls.

There are tenants only break options 2 February 2019 and 2 February 2021 giving a minimum of 6 months prior written notice.

Further details regarding the lease are available upon application.

Viewing:

New West Ltd - 0115 986 3555