A RARE OPPORTUNITY TO PURCHASE OFFICES AND ADJACENT GARAGE WORKSHOP. OFFICES CURRENTLY UNOCCUPIED, HAVING BEEN PREVIOUSLY USED BY OUR CLIENTS. GARAGE/WORKSHOP RENTED OUT SEPARATELY, PRODUCING £120 PER WEEK. DEMOLITION OF EXISTING SINGLE STOREY OFFICES HAS BEEN APPROVED (17/09/21). PLANNING PASSED FOR NEW TWO STOREY BUILDING, WITH OFFICES AND 4 BEDROOM HMO (17/09/21). POSSIBILITY OF RENTING OUT THE OFFICES AS THEY CURRENTLY STAND (CIRCA £60 PER WEEK). ALTERNATIVELY, POTENTIAL FOR A BEDROOM HMO TO THE EXISTING (CIRCA £100 PER WEEK). FULL DETAILS CAN BE INSPECTED AT MANSFIELD.GOV.UK (REF: 2020/0599/FUL).
Directions: - From Mansfield proceed onto Stockwell Gate, which then becomes Sutton Road. Further up here, turn left onto Moor Lane and then left onto Moor Street. The property is on the right hand side.
Comprising: -
Entrance Area - upvc entrance door. Radiator.
Office One - 3.51m x 2.26m (11'6 x 7'5) - double upvc aspect and radiator.
Office Two - 3.48m x 2.26m (11'5 x 7'5) - upvc front aspect. Radiator.
Kitchenette - 2.26m x 1.27m (7'5 x 4'2) - stainless steel sink unit and single drainer, work top, tiled flooring and radiator.
Boiler Room - 1.73m x 1.70m (5'8 x 5'7) - wall mounted combination boiler.
Store Room - 2.21m x 1.70m (7'3 x 5'7) -
Cloaks - wc and wash hand basin.
Separate door to the rear provides access to the following:
Night Security Office - 4.62m x 2.97m increasing to 3.45m (15'2 x 9'9 incr - with laminate flooring and radiator. Kitchen area, having wall and base units, work top and stainless steel sink unit and single drainer.
Shower Room - quadrant shower cubicle, wash hand basin and wc. Chrome radiator.
Outside - parking for perhaps two cars is provided to the front. There is then a driveway to the side of the property and further hardstanding area to the rear.
Adjacent to the offices is the garage/workshop, where we understand the tenant has operated from for several years. The current rent is £120.00 per week, which also includes electricity.
We believe that currently the three offices could produce in the region of £180.00 per week (gross). Coupled with the rent from the garage this produces an annual income of £15,600. Based on the asking price of £160,000, this would produce a return of 9.75%.
Money Laundering - under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e. passport, driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase or sale of a property.
Financial Advice - we offer help and advice in arranging your mortgage. Please contact this office. Written quotations available on request. YOUR HOME IS AT RISK IF YOU DO NOT KEEP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
As With All Our Properties - we have not been able to check the equipment and would recommend that a prospective purchaser should arrange for a qualified person to test the appliances before entering into any commitment. MA5388/04/05/2022.
Directions: - From Mansfield proceed onto Stockwell Gate, which then becomes Sutton Road. Further up here, turn left onto Moor Lane and then left onto Moor Street. The property is on the right hand side.
Comprising: -
Entrance Area - upvc entrance door. Radiator.
Office One - 3.51m x 2.26m (11'6 x 7'5) - double upvc aspect and radiator.
Office Two - 3.48m x 2.26m (11'5 x 7'5) - upvc front aspect. Radiator.
Kitchenette - 2.26m x 1.27m (7'5 x 4'2) - stainless steel sink unit and single drainer, work top, tiled flooring and radiator.
Boiler Room - 1.73m x 1.70m (5'8 x 5'7) - wall mounted combination boiler.
Store Room - 2.21m x 1.70m (7'3 x 5'7) -
Cloaks - wc and wash hand basin.
Separate door to the rear provides access to the following:
Night Security Office - 4.62m x 2.97m increasing to 3.45m (15'2 x 9'9 incr - with laminate flooring and radiator. Kitchen area, having wall and base units, work top and stainless steel sink unit and single drainer.
Shower Room - quadrant shower cubicle, wash hand basin and wc. Chrome radiator.
Outside - parking for perhaps two cars is provided to the front. There is then a driveway to the side of the property and further hardstanding area to the rear.
Adjacent to the offices is the garage/workshop, where we understand the tenant has operated from for several years. The current rent is £120.00 per week, which also includes electricity.
We believe that currently the three offices could produce in the region of £180.00 per week (gross). Coupled with the rent from the garage this produces an annual income of £15,600. Based on the asking price of £160,000, this would produce a return of 9.75%.
Money Laundering - under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e. passport, driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase or sale of a property.
Financial Advice - we offer help and advice in arranging your mortgage. Please contact this office. Written quotations available on request. YOUR HOME IS AT RISK IF YOU DO NOT KEEP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
As With All Our Properties - we have not been able to check the equipment and would recommend that a prospective purchaser should arrange for a qualified person to test the appliances before entering into any commitment. MA5388/04/05/2022.