Reluctantly offered for sale due to the impending retirement of the vendors.
Two retail shops, one with a flat above and planning consent to convert the first floor sales area and storeroom into two bed sitting rooms and a one-bedroom flat. The current total rental income is £20,680 per annum.
The premises are situated on the west side of Outram Street almost opposite Stoney Street. Outram Street is a heavily trafficked thoroughfare leading to the centre of the town and to Skegby and Mansfield.
The premises have the advantage of on-street parking close by and there is a good size car park on Stoney Street.
There is good road access from the town via the A38 to Junction 28 of the M1 Motorway which is approximately 4 miles distance.
The premises comprise two retail shops with a flat above and a first floor Sales Area and Storeroom which has planning permission for conversion into a flat and 2 bedsits.
111 Outram Street has been utilised for the sale of beds for many years and the adjacent shop (113 Outram Street) is occupied by Nottinghamshire Memorials who have been in occupation for approximately 5 years.
The accommodation comprises:
3.71m x 7.78m (12'2 x 25'6 )
With large display window, suspended ceiling, stairs to first floor, night storage heater. Access to Rear Store
6.6m x 4.25m (21'7 x 13'11 )
with access to Sales Area 2
6.28m x 4.23m (20'7 x 13'10 )
with one large display window and a small display window, suspended ceiling, part-panelled walls. Door to an office.
4.28m x 2.88m + 3m x 0.97m (14'0 x 9'5 + 9'10 x
with night storage heater, suspended ceiling and door to kitchen.
2.55m x 1.15m (8'4 x 3'9 )
with stainless steel sink unit, cold and hot water from electric water heater, storage heater, double glazed window and WC. Stairs to first floor showroom
7.66m x 10.77m (25'1 x 35'4 )
with two night storage heaters, tiled ceiling, two large display windows,. Access to Show Room
6.43m x 10.38m (21'1 x 34'0 )
with four windows,
The flat is currently let at ?470 per calendar month, ?5,640 per annum.
The Flat comprises:
Double glazed entrance door at Ground Floor with stairs leading to First Floor with landing, double glazed window.
Bathroom with panelled bath h&c, electric shower over, low level WC and wash hand basin.
3.3m x 3.9m (10'9 x 12'9 )
with stainless steel sink unit, base unit below, fitted worktop and cupboards, double base unit, fitted wall units and plumbing for a washing machine
4.31m x 4.52m (14'1 x 14'9 )
with double glazed window, night storage heater.
3.69m x 3.96m (12'1 x 12'11 )
with night storage heater
4m x 3.05m (13'1 x 10'0 )
with velux rooflight, electric heater
113 Outram Street is currently let to Nottinghamshire Memorials at a rental of ?5,040 per annum.
The accommodation comprises
6.8m x 4.23m (22'3 x 13'10 )
with double glazed bay window, door, meter cupboard, 2 fluorescent lights, suspended ceiling.
3.12m x 2.31m (10'2 x 7'6 )
with night storage heater
with low level WC, pedestal wash hand basin, double glazed window
2.44m x 2.57m (8'0 x 8'5 )
with sink unit, base unit below, worktop with base unit below. Door to outside.
111 Outram Street including first floor storeroom and showroom has a total floor area of 248.31 sq.m. (2,673 sq.ft.)
Flat 111A Outram Street has a floor area of 59.16 sq.m. (636.8 sq.ft.)
113 Outram Street Ground Floor has a total floor area of 56.22 sq.m. (605.15 sq.ft.)
Total Floor Area 363.69 sq.m. (3,915 sq.ft.)
Rear door leading to car park and delivery area. The rear car park and delivery area is accessed via a service road leading from Downing Street.
The yard immediately behind 111 and 113 Outram Street is included within the sale.
111 Outram Street - ?10,000 per annum
First Floor Flat - ?5,640 per annum
113 Outram Street - ?5,040
Total Rental Income - ?20,680 per annum
Ashfield District Council. Details of Planning can be found under reference V/2022/0716
Viewing by appointment with the Agent
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