Freehold Convenience Store/Petrol Station Investment
Let to MPK Garages Limited until 2026 (no breaks)
Includes a Petrol Station with a Convenience Store
Prominent high density residential area
Medium term Residential Redevelopment Potential (Subject to Consents)
Open Market Rent Review October 2021
Approximately 0.22 hectares (0.54 acres)
Lot 14
Auction 16th June 2021
Rent £44,000 per Annum Exclusive
Status Sold
Price £500,000
Sector Motor Trade, Petrol Station
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles south-west of Mansfield
12 miles south-east of Chesterfield
14 miles North of Nottingham
Roads
M1, A38, A617
Rail
Sutton Parkway
Air
Nottingham Airport
Situation
The property is situated in a predominantly residential area on east side of Eastfield Side opposite its junction with Tudsbury Terrace and approximately 0.75 miles north-east of Sutton-in-Ashfield Town Centre and approximately 1 mile south-west of King's Mill Hospital.
Tenure
Freehold.
Location
Miles
2 miles south-west of Mansfield
12 miles south-east of Chesterfield
14 miles North of Nottingham
Roads
M1, A38, A617
Rail
Sutton Parkway
Air
Nottingham Airport
Situation
The property is situated in a predominantly residential area on east side of Eastfield Side opposite its junction with Tudsbury Terrace and approximately 0.75 miles north-east of Sutton-in-Ashfield Town Centre and approximately 1 mile south-west of King's Mill Hospital.
Tenure
Freehold.
Description
The property comprises a Petrol Filling Station with a convenience store and Car Wash and a site of approximately 0.22 hectares (0.54 acres).
The site has recently been rebranded in 2020 with enhancements made to the convenience store.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Description
The property comprises a Petrol Filling Station with a convenience store and Car Wash and a site of approximately 0.22 hectares (0.54 acres).
The site has recently been rebranded in 2020 with enhancements made to the convenience store.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
Ground
Retail/Petrol Filling Station
87.90 sq m
(946 sq ft)
MPK GARAGES LIMITED (1)
15 years from 31/10/2011 on a full repairing and insuring lease
£44,000
31/10/2021 (30/10/2026)
Total
87.90 sq m
(946 sq ft)
£44,000
(1) For the year ending 31st December 2019, MPK Garages Limited reported a turnover of £80,448,023 a pre-tax profit of negative £810,824 and shareholder funds of £16,464,682 (Source: NorthRow 19/05/2021). MPK Garages Limited is a substantial independent forecourt retailer with 29 sites across the UK and was listed number 11 in Top 50 Indies 2021 Forecourt Trader.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
