Sold STC - Commercial Property

• 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

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.