Investment Sold 5 & 9 Flatts Lane, Calverton, Nottingham, Nottinghamshire

Calverton is a large village on the outskirts of Nottinghamshire. It is 8 miles North East of Nottingham and 11 miles South of Mansfield; the A60 is close by with direct access to both Mansfield and Nottingham. The property is within 10 miles of Junction 26 of M1.

The property for sale is situated on Flatts Lane, a popular retail parade, in Calverton located opposite Colonel Frank Seely Academy and Calverton Leisure Centre. Other occupiers on the parade include Co-op Food, along with an excellent range of independent neighbourhood shops and services.

There is ample on-street parking in the immediate facility available on a first come first serve basis.

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For Sale by Auction 30th January 2025. Investment with 2 adjoining vacant retail units and 2 apartments above. The apartments have been sold on a 99 year lease with 79 years remaining. May have scope for future development or reconfiguration by way of rear extension or merge of existing shops subject to planning and negotiation of existing leases.

5 Flatts Lane: Retail A1 shop. Potential for many uses. Previously leased as a Hairdressing Salon, and more recently as an Estate Agency.
9 Flatts Lane: A5 Sui Generis. Previously let as a fast food premises. Scope to combine the two units to create a large unit, subject to consents.

Both units are accessed from the shopping parade and also benefit from rear access. There is a car parking bay opposite the shops. An external entrance door providing access to a shared communal stairwell leading to the flats. Externally there is a front tarmac parade to the shops. Rear courtyard and driveway to shops and flats.

The shops have been measured on a Net Internal Area (NIA) with measurements taken from the client and should be confirmed. The apartments have not been inspected and areas have been taken from the EPC.

We believe 5 Flatts Lane has been used under Class E (Commercial, Business and Service) and No 9 was last used as a hot food takeaway (Sui Generis). Flats 5A & 5B are C3 (Residential) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

All parties should confirm the planning position with the relevant Local Authority. The vendor seeks unconditional interest.

All mains services with the exception of gas are connected to the property. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

The property is currently listed as a shop and premises on VOA.gov.uk. Please check the valuation office website for any rates incentives. Subject to status tenants may qualify for 100% rates relief.

Each property is separately assessed as follows:
5 Flatts Lane RV = £5,000
9 Flatts Lane RV = £4,850
5a Flatts Lane = Council Tax Band A
5b Flatts Lane = Council Tax Band A

Freehold

The property for sale is offered with Joint Auctioneers Eddison's SDL. The sale of this property will take place on the stated date by way of an Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. For further details and the information pack please see https://www.sdlauctions.co.uk/property/45402/mixed-use-for-auction-nottingham/

Shops for sale freehold with vacant possession. First floor apartments have been sold separately, each by way of a 99 year leasehold from 10th November 2004 with 79 years remaining. The ground rent is £1 per annum, with tenants contributing towards the repairs maintenance and up keep of the building structure and roof. Apartment 5a is responsible for the entrance, stairwell and communal area leading to each individual flat's entrance door; these area's are not freeholder responsibility.

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

£165,000 Guide price. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

5 Flatts Lane = D (96)
9 Flatts Lane = C (56)

Please contact us or visit the OMEETO website for full details and a virtual tour. Physical viewings, of the shops, with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.