26 Allen Street, Hucknall, Nottingham , NG15 7DS

  • Redevelopment site subject to planning
  • Short term income
  • Surrounded by residential
  • Suitable for 10 plots - subject to planning

Description

The site comprises approximately 0.39 acres of open land. There are numerous outbuildings including a trade counter block with WC facilities located on site with one benefitting from an electric roller shutter door. The site is split level layout with further open space and outbuildings to the south. The site is bounded by a palisade fence and was previously used by a builders merchant.

Floor Area

The site lends itself well to be redeveloped to accommodate 10 2.5 bed houses on a subject to planning basis. With a low site coverage and low site density any developer would have small demolition costs. The site does not have planning permission and so interested parties are recommended to make their own enquiries of Ashfield District Council and consult their own architect.

Viewing Arrangements

Viewing is strictly by appointment only with the sole marketing agents. Viewings will be conducted with those parties who express credible interest in the site and confirm they are in a position to proceed with the purchase in line with the sale price below on a subject to contract/with or without planning basis.

Location

The site is located off Allen Street, outside Hucknall town centre and is 7 miles north of Nottingham city centre. The wider area has seen its attraction improve over time and the location now benefits from excellent road communications following the construction of the new link road leading to the A610 which in turn leads directly to J26 of the M1 Motorway.

Tenure

The freehold interest is available subject to the lease which is currently in place.

The landlord currently holds a rent deposit against the tenant of £5,000 which shall be transferred to the successful purchaser. The successful purchaser will be able to offset approximately 20% of the purchase price with the rental income it shall receive.

Interested parties are to submit their bids via email to the soleagents, NG Chartered Surveyors, stating if their bid is conditional or unconditional.

The preferred route is for unconditional bids however, the vendor is also open to conditional offers on a subject to planning basis.

The vendor would consider offers in excess of £300,000 ex.

The property is currently let to an individual selling car and van parts from the site, until 15 May 2023. The lease is contracted outside of the Landlord & Tenant Act 1954 and is let at the following rents:-

Year 1: £18,000 per annum
Year 2: £20,400 per annum
Year 3: £22,800 per annum

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.

Your contact at NG is;

Sunny Landa, Direct Dial: 0115 989 7091


To find out more about this property, give us a call on 0115 958 8599