Under Offer - Commercial Development

• Both Commercial & Residential Property with Full Frontage to Retford’s Heavily Pedestrianised Tow Square
• **PLANNING PERMISSION GRANTED FOR TWO SCHEMES**
• EXISTING TWO BEDROOM APARTMENT TO SECOND FLOOR
• Storage & Yard Space to Rear
• Comprehensive Gas & Electrical Structure in Place
• BUSINESS RATES: The Retail Area Qualifies for Small Business Rates Relief
• Please Call the Office Today to Arrange a Viewing
• EPC Rating: TBC

**PLANNING PERMISSION HAS BEEN GRANTED FOR TWO SCHEMES** A fantastic opportunity to acquire a substantial, both commercial and residential property, with full frontage to Retford’s heavily pedestrianised town square, and a great prominence for potential passing trade. Set over two storeys, the large retail area measuring in excess of 2281 sq ft. sees a shop floor, kitchen, disabled toilet facilities and an ample storage area, with a versatile seating zone, further storage space, staff room and additional toilet facilities to the rear of the first floor. The second floor boasts a residential area in a TWO BEDROOM apartment in need of restoration, and briefly comprises of an entrance hall, kitchen diner, lounge, master bedroom, further single bedroom and a family bathroom- Please refer to floorplan 1.

PLANNING PERMISSION HAS BEEN GRANTED FOR TWO SCHEMES:

SCHEME 1: To change the use of the current first floor seating zone into a TWO DOUBLE BEDROOM apartment, briefly comprising of an open plan kitchen dining living space, utility area, inner hallway, master bedroom, further sizeable bedroom and a family bathroom. If developed, this apartment and the apartment to the second floor have a potential gross rental yield of 7-9%- Please refer to floorplan 2- PLANNING REFERENCE: 22/01251/FUL.

SCHEME 2: To convert the rear section of the ground floor kitchen area into a TWO DOUBLE BEDROOM apartment, briefly comprising of an entrance hall, open plan kitchen dining living space, inner hallway, master bedroom, further sizeable bedroom and a family bathroom, and to change the use of the entirety of the first floor into a HMO with FOUR DOUBLE BEDROOMS, each with the potential to achieve £150 per week- Please refer to floorplan 3- PLANNING REFERENCE: 24/00124/PDN.

There is also the potential for full residential approval for six apartments to include the conversion of the ground floor frontage, subject to the necessary planning consents.

Please contact the office for further information, or to arrange a viewing.

Tenure:

Freehold- Vacant possession will be given upon completion.

Services:

With a comprehensive gas and electrical infrastructure, having previously been used as a KFC retail outlet.

VAT:

VAT is chargeable on the final sale price.

Legal Costs:

Each party to pay their own.

General:

While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office of Alexander Jacob Limited and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

Measurements:

These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

Services:

Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

MONEY LAUNDERING REGULATIONS:

Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Particulars:

THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER ALEXANDER JACOB LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.