1st May 2019
Business premises offers a wealth of possibilities
A versatile commercial property in Nottinghamshire which is suitable for a variety of businesses is due to go under the hammer in June with an attractively low guide price.
7 Beighton Street, Sutton in Ashfield, which has a *guide price of £46,000+, is a two-storey mid-terraced property with ground floor workshop/trade counter space and office accommodation on the first floor. It is due to be sold by SDL Auctions Graham Penny at its auction at Nottingham Racecourse on Thursday 6 June.
Until recently, the now vacant property housed a successful textiles and pneumatics company, which has relocated due to expansion of the business, leaving a property with the potential for a number of uses, according to auctions valuer Nick Trow.
“There are almost endless possibilities at this property,” said Nick. “It is ideal for an investor with a commercial or residential portfolio – the building would suit a number of businesses, subject to the relevant planning permissions.
“In the past it has been a builders’ merchants, so this is a possibility. A useful feature of the property is the vehicular access directly into the workshop via sliding shutters, which makes it ideal as a garage for car repairs or simply for a car enthusiast. It has three-phase electrics, too, which is another benefit for a business of this type.”
In addition, the property could be suitable for conversion of the first floor to residential use, subject to planning consent.
The front door of the property leads into a small reception area, with a stairwell to the first floor which could provide separate access to a self-contained apartment.
On the ground floor of the property is a small workshop, plus the large workshop/trade counter area with a second flight of stairs leading to the first-floor offices. There is also a fire escape leading directly from the workshop into the free public car park at the back of the premises.
The first floor of the property, which has three offices, a staff kitchen and separate ladies’ and gents’ WCs, offers a great deal of versatility.
Nick added: “One of the benefits of this property is that the first-floor layout is largely stud-partitioned so it could be opened up or reconfigured to suit the new owner’s needs.”
Beighton Street is on the north-east side of Sutton-in-Ashfield, a 10-minute walk to the Idlewells Shopping Centre in the centre of the town. It is convenient for shops, supermarkets, and amenities including schools, medical services and a post office, and the popular Sutton Lawn park is nearby.
From a residential rental perspective, King’s Mill Hospital is just a mile away from the property, with several bus services running directly to the hospital from nearby Oak Tree Road. The property is also convenient for the A38, providing access to the M1 and the wider motorway network.
Entries are still being accepted into SDL Auctions Graham Penny’s auction at Nottingham Racecourse on Thursday 6 June. To find out more, or to request a free auction appraisal of your property, call the team on 0115 958 8702 or click here.