Property Description
Accommodation
We understand that the property provides the following approximate areas:
Ground Floor 12,085 sq ft (1,123 sq m)
First Floor 14,412 sq ft (1,339 sq m)
TOTAL 26,497 sq ft (2,462 sq m)
Non-Domestic Rates
We are advised by Mansfield District Council Business Rates Department that the 2017 List assessment is as follows:
Rateable Value: £55,500
Retail, hospitality and leisure relief
Retail, hospitality and leisure relief replaced the retail discount on 1 April 2022.
Planning and Use
We believe that the premises have the benefit of existing planning consent for a use falling within Class A1 (Shops) of the Town & Country Planning (Use Classes) Order 1987.
From 1 September 2020 existing buildings that are already used for Class A1 , A2 , A3 , B1 and certain D1 and D2 uses now fall within a new single Class E and, unless the permissions they operate under have specific controls, will be able to change to other uses within that new class without the need for planning permission.
Tenure
The property is held under a 999 year lease from 1st October 1973 at a passing rent of £1 per annum.
There is a further lease over the service area to Four Seasons Shopping Centre expiring 24th March 2101 at a passing rent of £406.85.
Copies of both leases are available on request.
Occupancy Costs
We understand that the current annual service charge is £59,775 (to April 2023).
We are awaiting confirmation of the insurance p
Specification and floor areas
| Measurement | imperial | metric |
|---|
| Ground Floor | 12,088 sq.ft | 1,123 sq.m |
| First Floor | 14,413 sq.ft | 1,339 sq.m |
| Total Floor Area |
26,502 sq.ft |
2,462 sq.m |
Financials
For sale: (subject to contract)
- Price on application
- Rateable Value of this property: £55,500.
Rates Payable 2022/2023: £28,416
Agent's Disclaimer
Messrs. Raybould & Sons, for themselves and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars do not constitute any part of, an offer or a Contract. 2. All statements contained in these particulars as to this property are made
without responsibility on the part of Messrs. Raybould & Sons, or the Vendor. 3. None of the statements contained in these particulars are to be relied on as statements or representations of fact. 3. Any intending Purchaser must satisfy himself by inspection or otherwise
as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither Messrs. Raybould & Sons, nor any person in their employment has any authority to make or give, any representation or warranty whatever in
relation to this property. 6. Dimension, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 7. Information on tenure or vacancies is provided in good
faith and prospective purchasers should have the information verified by their solicitors prior to purchase. 8. Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate
authorities. Messrs. Raybould & Sons do not warrant that there are no connection charges inherent in the availability of services to the unit.
Plans/drawings for this property:
Property Location
Mansfield is the second largest urban centre in Nottinghamshire, with a population of approximately 100,000 and a catchment of approximately 470,000 within a 10 mile radius.
The town is accessed via Junctions 27, 28 and 29 of the M1and is now home to a number of large manufacturers and distributers.
The unit forms part of the former Beales Department Store and is situated in the heart of Mansfield Town Centre.
Fronting the South Mall of the Four Seasons Shopping centre, with a return frontage to Stockwell Gate, the unit is located in the prime retail trading pitch in the town.
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