Property Description

A rare opportunity to acquire the full freehold title of a unique mixed use property, in a sought after village location. The lot comprises the freehold title of 5, 5a, 5b and 9 Flatts Lane. There are two adjoining shops (5 and 9 Flatts Lane), one with planning consent for A5 Sui Generis, and two flats above (5a and 5b). The flats have been sold on a 99 year lease with 79 years remaining. 5 Flatts Lane: Retail A1 Shop extending 44m2. Potential for many uses. Previously leased 1997 to 2017 as a Hairdressing Salon, and more recently from 2017 to 2024 at £10,000 per annum as an Estate Agency. Estimated rental valuation £12,000 - £15,000 per annum sold with vacant possession upon completion. 9 Flatts Lane: A5 A5 Sui Generis extending 59m2. Previously let as a fast food premises from 1997 to 2023. Estimated rental valuation £15,000 - £18,000 per annum sold with vacant possession upon completion. We feel there is scope to combine the two units to create a large unit extending circa 103m2, subject to consents. Potential for multiple sui generis uses. Both units are accessed from the shopping parade and also benefit from rear access. There is a car parking bay opposite the shops. Flats accessed from the rear of the property: 5a and 5b Flatts Lane: Sold previously on a lease with 79 years remaining. An external entrance door providing access to a shared communal stairwell leading to the flats. The communal entrance, stairwell and landing are included in the lease of one of the flats. Externally there is a front tarmac parade to the shops. Rear courtyard and driveway to shops and flats. The property itself may have scope for future development, reconfiguration or investment by way of rear extension, reconfiguration of the existing shops into one large unit (subject to any necessary planning consents), and negotiation of existing leases, making an ideal investment purchase. The property is located in the large village of Calverton, on a main shopping parade opposite schools and sports facilities, with many successful trading businesses nearby. Calverton Village itself has continuing residential and commercial growth, and also serves wider communities, including Woodborough, Lambley, Oxton and Epperstone. There are excellent road links with Nottingham, Southwell, Newark, Mansfield. Site The site is level to front and rear aspects.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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