COMMERCIAL FOR SALE
fishergerman.co.uk
Town Centre Retail/Development Opportunity STPP confidentially available - staff unaware
21 Bridgegate, Retford, Nottinghamshire, DN22 6AQ Guide Price £325,000 •
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Prominent town centre retail unit Offers scope for alternative uses STPP Sits adjacent to a public car park Nearby occupiers include Sports Direct
Approximate distances: • Sheffield • Newark • Gainsborough • Worksop
30 miles 23 miles 13 miles 9 miles
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Ground floor retail 336.99m² (3,627 ft²) First and second floors 435.21m² (4,685 ft²) Rear access May let
Viewings and further information: Kevin Benson kevin.benson@ fishergerman.co.uk 01777 719148 07748 634848
Robert Haigh Robert.haigh@ fishergerman.co.uk 01777 719148 07880 737676
21 Bridgeate, Retford, Nottinghamshire, DN22 6AQ Location
Description
The building sits adjacent to the Bridgegate Centre development which took place in the early 1990’s which comprises thirteen retail units with offices over first and second floors. Adjacent to the property is a car park which is utilised in part by the Bridgegate Centre and also provides car parking for Sports Direct and My Gym, both of which are relatively recent additions to the area and have increased footfall and the profile of the area significantly.
This is a rare freehold opportunity along Bridgegate and offers a number of development and potential alternative uses subject to planning permission.
This is a typical edge of town centre location with surrounding users comprising in the main smaller sole trader type operators excluding of course the aforementioned My Gym and Sports Direct. Retford itself is a market town which still retains its markets on Thursday, Friday and Saturdays with a monthly farmers market. The town is a central point for many of the smaller towns and villages and as such the town has attracted and maintained a good number of national occupiers and retailers. Retford is well placed for taking advantage of the surrounding centres of Sheffield, Doncaster, Lincoln, Worksop and Nottingham. The A1 trunk road and motorway networks are close by and the town benefits from the mainline railway Station, which has an excellent rail service to London Kings Cross [1 hour and 40 minutes]. The town has a population of around 21,000 persons with a catchment population of approximately 45,000.
The building comprises the original Swannacks Furnishing building which over the years has been extended to create a large ground floor retail unit along with further retail showrooms over the first and second floors. The ground floor has one access point from the adjacent car park and further benefits from rear loading doors. There is a centrally positioned staircase providing access to the upper floors and a good degree of natural light with windows onto both Bridgegate and the car park. The first floor provides essentially showroom areas with ancillary accommodation comprising WC and Kitchen. The second floor provides further showroom accommodation along with a WC and store rooms. The original part of the building is three strorey and constructed in solid brick elevations beneath a slate roof, with a later rear three storey extension with a tiled roof. The main extension to the rear is two storey in height, cavity wall built and sits beneath a flat roof.
Accommodation The floor areas have been taken to be Net Internal Area (NIA) measurements as defined within the RICS Code of Measuring Practice Sixth Edition. The property provides the following accommodation: Ground Floor Retail
336.99m2
3,627ft2
This is a large open plan retail area, with glass display windows to the Bridgegate frontage and further display windows along a large proportion of the return frontage facing the car park. There is one access point with double doors ( from the carpark) plus double doors for goods in/out doubling as a fire exit leading in to the rear store room,plus 3 offices. The accommodation offers a wide centrally located staircase. First Floor
312.77m2
3,367ft2
Comprising large open plan retail area with small store cupboard, kitchen and WC facilities. Second Floor
122.44m2
1,318ft2
FOR SALE Comprising open plan retail area with 2 storerooms and WC facilities. Total NIA
772.2m2
8,312ft2
Rating The property has a 2010 valuation list entry of £10,000 and is described as shop and premises. The 2017 draft rating list shows a revised draft rateable value of £13,750. These are not the rates payable, for details of the rates payable and any transitional relief, please contact Bassetlaw District Council 01909 533533.
Planning The building has been used for the sale of furniture for
over a 100 years and until 1950 incorpated living accommodation, before being converted to provide retail space. As such the building is likely to have an A1 (retail) planning consent. The location of the property does in our opinion lend itself to a number of potential alternative uses which could include, restaurant, leisure or a mixed used scheme, all of which are generally supported by the saved policies of the Local Plan. Enquiries regarding planning should be directed to Bassetlaw District Council, Queens Buildings, Potter Street, Worksop, Nottinghamshire, S80 2AH. Tell (01909) 533533
Services
contracts and completion, in order for my client to hold a sale.
VAT
All mains services are believed to be connected to the premises. We must stress that none of the services have been check or tested.
The property is not elected for VAT.
Terms
An EPC assessment is available from the sole agents.
The property has a guide price of £325,000. My client will consider offers conditional upon planning, subject to agreed time frames. Alternatively our client may consider leasing the premises and further details regarding this are available from the sole agents.
Tenure The property is freehold and is offered with vacant possession. Due to the owner still trading from the building any sale will have a short delay between exchange of
EPC
The way forward If you are interested in purchasing this property, please in the first instance contact Fisher German. The property is confidentially available and the staff are unaware, as such no viewing or visit to the property should be undertaken without the consent of Fisher German. Appointments to view the property can be made by contacting either of the Surveyors as detailed on the front of these particulars, who will be more than happy to help.
01777 719148 fishergerman.co.uk
Site Plan All plans are for identification purposes only.
Please note: Fisher German LLP and any Joint Agents give notice that: The particulars are produced in good faith are set out as a general guide only and do not constitute or form any part of an offer or any contract. No person within Fisher German has any authority to make or give representation or warranty on any property. Particulars prepared Oct 2016. Photographs taken Oct 2016