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Residential properties for auction in Upper Morton, Nottinghamshire

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*THIS PROPERTY IS STILL AVAILABLE - PLEASE REFER TO THE AUCTIONEER*

Features
Excellently position on A1 north at Elkesley
Site area: approximately 0.36 acres
Detached commercial building – approximately 5,000 ft2
Good car parking provision – 37 cars
Former Indian Restaurant – A3 planning consent
First floor self-contained two bedroom flat
Existing tenancy – no longer trading

Location
The property is ideally located for passing trade on the northbound carriageway between Markham Moor and Upper Morton on the busy A1 in Elkesley, North Nottinghamshire. The site can be easily accessed by A1 southbound traffic, less than one mile to the south at the junction with the B6387.
Further local business’ on Twyford lane such as The Post Office, Kitti cakes shop and County School of Motoring.
Elkesley is a small village in Nottinghamshire, with a population of around 822. It is only accessible by the A1. Situated 6 miles south of Retford and 8 miles to Worksop.
There are good road links nearby, with easy access to the A57 & A60.

Description
The site offers excellent roadside retail potential, measuring 0.36 acres (0.15 hectares).
The existing building was previously used as an Indian Restaurant, with residential accommodation to the upper floors. The ground floor accommodation benefits from A3 planning consent. To the upper floors there is a two bedroom self-contained flat.
Externally there is a carpark to provide parking for 37 vehicles.

Accommodation
Building – approx. 5,000 sq. ft
Site area: 0.36 acreas (0.15 hectares)
The accommodation has not been inspected.

Investment Analysis
The property previously generated an income of £35,000pa providing a potential yield of 11% based on the guide price.

Services
The property is connected to mains gas, electricity, water and drainage. Services have not been tested, so interested parties are advised to carry out their own investigations.

Tenure
Freehold

Business Rates
The VOA states the rateable value to be £18,250

Viewing
Please note only external viewings are available. The building is boarded up.

Guide Price
£325,000+.

VAT
The purchase price is subject to VAT

Buyer’s Premium
2% (min. £3,600) inc. VAT

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Indian Chef, A1 Northbound, High Street, Retford, DN22 8AJ
Roadside Retail Development Opportunity Located on the A1 – 0.36 Acre Site Freehold Site with Detached 5,000 ft2 building
Type: Residential, Retail, Restaurant/Cafes, Office, Flat, Restaurant/Cafes, Offices
Location: Indian Chef, A1 Northbound High Street, Retford, DN22 8AJ
Images: 4
Brochures: 1
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