Auction Property Commercial 

Worksop Road, Elkesley, Retford

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Features

  • Available subject to auction terms and conditions
  • Excellently position on A1 north at Elkesley
  • Site area: approximately 0.36 acres
  • Detached commercial building – approximately 3,500 ft2
  • Good car parking provision – 37 cars
  • Former Indian Restaurant – A3 planning consent
  • First floor self-contained two bedroom flat
  • Existing tenancy – no longer trading

Address

Indian Chef A1 NorthboundElkesleyRetfordNottinghamshireDN22 8AT
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Property Details

•Available Subject To Auction Terms & Conditions
•Guide Price: £325,000+
•Ground Floor Retail and First Floor Flat
•Vacant: Potential Income £35,000 per annum
•Freehold

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.

Accommodation

Building - approx. 3,500 sq. ft
Site area: 0.36 acreas (0.15 hectares)

The accommodation has not been inspected.

Services

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.

Tenure

Freehold

Investment Analysis

The property previously generated an income of £35,000 pa providing a potential yield of 11% based on the guide price.

Business Rates

The VOA states the rateable value to be £18,250

Viewing

Please note only external viewings are available. The building is boarded up.

VAT

VAT is not payable on the purchase price.

Buyers Premium

2% (min. £3,600) inc. VAT

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