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Agent's details

2 The Crescent, Bilsthorpe, Newark, Nottinghamshire NG22 8QX

For sale: £230,000.00|1,440 Sq Ft|Retail, Residential, Flat, General Retail, Retail - High Street, Restaurant/Cafes

Property details

FOR SALE£230,000.00
SIZE1,440 Sq Ft
ADDRESS2 The Crescent, Bilsthorpe, Newark, Nottinghamshire NG22 8QX
TYPERetail, Residential, Flat, General Retail, Retail - High Street, Restaurant/Cafes
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON14th July 2021


Fully let ground floor retail unit with self-contained flat above.
• GF retail unit of 135.76 sq m (1,440 sq ft)
• 3 bedroomed first floor flat
• Let at £14,400 per annum
• Popular village location

The property is situated on a neighbourhood parade in the heart of Bilsthorpe village. Adjacent occupiers including One Stop Convenience Store, a fish & chip shop and a hair salon.

Bilsthorpe is a village in northeast Nottinghamshire and comprises a resident population of approximately 3,375 persons (census 2011).

The property comprises a ground floor retail unit, incorporating a sales area and rear stores.

The first floor provides a three bedroomed self-contained flat but is currently included in the lease with the ground floor.

Externally, the property benefits from a secure roller shutter to the front of the property, in addition to a secure rear access via a service yard.

We understand the property to have full services connections, but these have not been tested.

Ground Floor Sales (Front): 52.90 sq m (570 sq ft)
Ground Floor Sales (Rear): 72.46 sq m (758 sq ft)
Ground Floor Stores (Rear): 10.40 sq m (112 sq ft)
TOTAL: 135.76 sq m (1,440 sq ft)

The first floor flat has not been measured and is not included in the above accommodation.

The ground floor and first floor are let in their entirety to a private individual, who trades the ground floor takeaway and lives in the accommodation above.

The lease is for a term of 21 years from 1st June 2013, incorporating three yearly rent reviews.

The tenant is responsible for repairs, decoration and insurance payments.

The current rent is £14,400 per annum.

Freehold, subject to the lease.

The property is available to purchase at a price of:-
£230,000 Freehold
(Two Hundred and Thirty Thousand Pounds)

E: (a) Retail
Sui Generis (A5 Hot Food Takeaway)

The first floor has residential consent.

Vat is applicable to the purchase price.

EPC's have been commissioned.

For further information including lease documentation, please contact the sole selling agents on the attached brochure.


Location: 2 The Crescent, Bilsthorpe, Newark, Nottinghamshire NG22 8QX

Mansfield Woodhouse (6.7 miles)

Mansfield (6.7 miles)

Fiskerton (7.6 miles)

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