25 Outram Street Sutton in Ashfield Nottinghamshire NG17 4BA

25 Outram Street
Sutton in Ashfield
Nottinghamshire
NG17 4BA

Retail let to William Hill Organization Limited until 2026 (subject to option)
Permitted development for 3 residential flats on the first floor
Prominent Town Centre location
Nearby occupiers include Wilko, HSBC and Pizza Hut
producing £17,000 per annum exclusive (with vacant upper parts)

Lot
70
Auction
13th July 2017
Rent
£17,000 per Annum Exclusive
Status
Sold
Price
£205,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Retail let to William Hill Organization Limited until 2026 (subject to option)
Permitted development for 3 residential flats on the first floor
Prominent Town Centre location
Nearby occupiers include Wilko, HSBC and Pizza Hut
producing £17,000 per annum exclusive (with vacant upper parts)

Lot 70
Auction 13th July 2017
Rent £17,000 per Annum Exclusive
Status Sold
Price £205,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles south-west of Mansfield, 24 miles south-east of Sheffield
Roads: A38, M1
Rail: Suttton Parkway Railway Station
Air: East Midlands Airport

Situation

The property is situated on the west side of Outram Street, close to its junction with Welbeck Street. Nearby occupiers include Wilko, HSBC and Pizza Hut.

Tenure

Freehold.

Location

Miles: 3 miles south-west of Mansfield, 24 miles south-east of Sheffield
Roads: A38, M1
Rail: Suttton Parkway Railway Station
Air: East Midlands Airport

Situation

The property is situated on the west side of Outram Street, close to its junction with Welbeck Street. Nearby occupiers include Wilko, HSBC and Pizza Hut.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with self-contained former office accommodation on the first floor which is separately accessed off Outram Street. The property benefits from a second frontage to the rear of the property, with a customer entrance from the public car park. The property benefits from permitted development rights to convert the first floor into 2 x one bedroom residential flats and a 1 x two bedroom residential flat. A letter from the Local Authority is available in the legal pack.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground	Retail	155.09 sq m	(1,669 sq ft)	WILLIAM HILL ORGANIZATION LIMITED (1)	20 years from 30/06/2006 (2)	£17,000	30/06/2021 (29/06/2026)
First	Former Office	138.10 sq m	(1,487 sq ft)	VACANT POSSESSION
Total		293.19 sq m	(3,156 sq ft)			£17,000

(1) William Hill is the UK’s number one provider of licensed betting offices with 2,372 licensed betting shops in the UK and employ more than 16,000 people in nine countries (Source: www.williamhillplc.com 14/06/2017). For the year ending 29th December 2015, William Hill Organization Limited reported a turnover of £873,900,000, pre-tax profits of £246,400,000 and a total net worth of negative -625,000,000 (Source: Experian Group 14/06/2017).
(2) The lease provides for a tenant option to determine the lease on 29/06/2021.