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Industrial/retail showroom and two cottages.
Potential for residential redevelopment, subject to planning.
Current rent roll - £18,350 per annum
The property comprises a potential residential development site which currently houses a triple bay former dairy being of steel portal frame construction with pitched roof over and currently occupied by a fireplace and furniture showroom. To the front of the site are 2, two bedroom cottages which are both currently tenanted. The former dairy is let on a 12 month lease from 1 March 2021 with rolling tenant break at 3 months notice and landlord's break at 6 months notice at an annual rental of £8,750 per annum.
The 2 cottages are let as follows:-
No 2 Nutwell Lane is let on an Assured Shorthold Tenancy from 2 January 2021 for 12 months at a rental of £400.00 per month. No 4 Nutwell Lane is let on an Assured Shorthold Tenancy from 15 June 2021 for 12 months at a rent of £400.00 per month.
In summary, the property currently provides an annual rental of £18,350 per annum.
Planning Permission was granted on 2 June 2011 for the demolition of the existing buildings and the construction of 9 town houses, however, this Planning Permission has now lapsed.
The site provides useful rental income and potential for future development, subject to Planning Permission being obtained.
The property is located at the corner of Nutwell Lane and Tranmoor Lane within 100 yards of Mill Street roundabout in the centre of the suburban area of Armthorpe. Armthorpe is a popular residential area lying 3 miles north east of Doncaster Town Centre and benefitting from access to the A630 onto the M18 Motorway, Junction 4 which lies approximately 2 miles north of the subject property.
We calculate the site of the former dairy premises total:-
.16 of a hectare (.4 of an acre)
VAT will not be applicable to the sale price.
Prospective purchasers will be required to provide proof of id to comply with money laundering legislation.
For more information about this property, please contact Fernie Greaves, S4 on +44 114 446 9291 * (local rate)
Contact Fernie Greaves about this property
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