Petrol Station with Convenience Store, Sutton-in-Ashfield
139 Eastfield Side, Sutton-in-Ashfield NG17 4JW, UKBasic Facts
| Property ID: 13229 | Post Updated: 2021-07-06 11:37:03 |
| Status: Sold | Type: Retail - other Supermarket |
| Tenure: Freehold | Area: 946 sq ft |
| Gross Rent: £ 44,000 | Lease Term: 15 years from Oct '11 |
| Lease Term Expiry Date: 30/10/26 | Years left on Lease: 2.5 |
| VAT applicable: Yes |
Property Description
- Freehold Motor & Retail Investment on a spacious site
- The property comprises a Petrol Filling Station with a convenience store and Car Wash and a site of approximately 0.22 hectares (0.54 acres).
- The site has recently been rebranded in 2020 with enhancements made to the convenience store.
Location Description
- The property is situated in a predominantly residential area on east side of Eastfield Side opposite its junction with Tudsbury Terrace.
- Approximately 0.75 miles north-east of Sutton-in-Ashfield Town Centre and about1 mile south-west of King’s Mill Hospital.
Tenancy and Additional information
- Let to MPK Garages Limited for 15 years from 31st October 2011 on FR&I at a current rent of £44,000 p.a. FR&I
- Next rent review is 31st October 2021.
- For the year ending 31st December 2019, MPK Garages Limited reported a turnover of £80,448,023 a pre-tax profit of negative £810,824 and shareholder funds of £16,464,682 (Source: NorthRow 19/05/2021). MPK Garages Limited is a substantial independent forecourt retailer with 29 sites across the UK and was listed number 11 in Top 50 Indies 2021 Forecourt Trader.
- Six weeks completion is available.
Features
£500k - £1m
Attractive property
Customer car parking
Finance available
Freehold
Large plot
Suitable for a SIPP
Tenant Multiple
Unconditional Site
