•Available Subject To Auction Terms & Conditions
•Guide Price: £325,000+
•Ground Floor Retail and First Floor Flat
•Vacant: Potential Income £35,000 per annum
The site offers excellent roadside retail potential, measuring 0.36 acres (0.15 hectares).
The existing building was previously used as an Indian Restaurant, with residential accommodation to the upper floors. The ground floor accommodation benefits from A3 planning consent. To the upper floors there is a two bedroom self-contained flat.
Externally there is a carpark to provide parking for 37 vehicles.
The property is ideally located for passing trade on the northbound carriageway between Markham Moor and Upper Morton on the busy A1 in Elkesley, North Nottinghamshire. The site can be easily accessed by A1 southbound traffic, less than one mile to the south at the junction with the B6387.
Building - approx. 3,500 sq. ft
Site area: 0.36 acreas (0.15 hectares)
The accommodation has not been inspected.
The property is connected to mains electricity, water and drainage. Services have not been tested, so interested parties are advised to carry out their own investigations.
The property previously generated an income of £35,000 pa providing a potential yield of 11% based on the guide price.
The VOA states the rateable value to be £18,250
Please note only external viewings are available. The building is boarded up.
VAT is not payable on the purchase price.
2% (min. £3,600) inc. VAT
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