Commercial Property
DRAFT DETAILS
An excellent opportunity to acquire a three storey office investment set within the heart of Mansfield town centre.
The premises are currently let to an employment consultancy business for a term of 3 years from 22nd March 2017 paying an annual rent of £21,500 p.a. The owner has secured another tenant by way of a deposit paid to take a five year lease at the end of the current term at a rent of £22,700 (should the current tenant decide not to renew). The new lease would take effect from 23rd March 2020. The offices are arranged over three floors, are in good condition and tastefully decorated throughout. The premises are air conditioned, gas centrally heated and have UPVC windows throughout. There are 8 dedicated car parking spaces in a shared car park to the rear of the property.
The open plan ground floor consists of the main reception with glass partition leading to the staff back office, kitchenette, toilet, and store/filing room. Stairs from the main entrance lead to the first floor which has two open plan offices, staff kitchen and toilets. Stairs to the second floor lead to an open plan office with two further partitioned meeting rooms/offices.
The tenants currently occupy the ground and first floors only, the third floor is vacant. The property would suit an investor with a commercial property portfolio or an owner occupier and has the potential to be converted to apartments subject to the relevant planning consents.
The accommodation comprises:
21.42m2 (230sq ft)
with seating area, reception desk, radiator and window overlooking the front.
32m2 (344sq ft)
with small kitchenette, Wc and small store.
11m2 (118sq ft)
There is fire escape access from the rear of the ground floor leading to the car park at the rear of the property.
35.9m2 (386sq ft)
with carpet tiled floors, radiator, windows overlooking the front.
16.5m2 (178sq ft)
with carpet tiled floors, radiator, windows overlooking the side.
12.6m2 (136sq ft)
with wall mounted cupboards, matching base units and sink.
Windows overlooking rear.
46.44m2 (500sq ft) With carpet tiled floors, radiator, windows overlooking the front.
We have been informed that the car park shared with adjacent offices has 8 dedicated parking spaces. This car park has barrier access and may have further potential to provide rental income as a private city car park, subject to any planning and consents required.
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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