Retail premises to let in Market Street, Mansfield NG18

Location

The premises occupy a prominent location on the edge of the pedestrianised Market Street leading to the Market Place.

The parade includes Shine Nail bar, Barnets Hair, Fallowell Estate Agents, kh Hair, Xibit and Caring Works.

To the side is the Pay & Display The Swan car accessed off White Hart Street and the Viaduct runs to the rear.

Description

Double fronted mid parade ground floor retail unit with basement storage space. The unit is currently a coffee shop but would suit a range of other E Class uses. Traditional timber framed shop front and recessed door on the right.

Accommodation

Ground Floor Sales - 81 sq m (870 sq ft)
Basement Store - 54 sq m (580 sq ft)
Total Area - 135 sq m (1,450 sq ft)

Rental

£15,000 pax

Lease

The premises are available by way of a new internal repairing and insuring lease on terms to be agreed.

Rating assessment

Rateable Value (2023) - £14,000

Interested parties are asked to confirm with the Rating Department at Mansfield District Council. There are reduced Business Rates for qualifying occupiers as well as potentially the retail, hospitality, and leisure relief at 25%.

Service charge

A service charge is levied on the cleaning, maintenance, and upkeep of the exterior of the premises and common areas. Further details upon request.

Mansfield bid

The property is in the Mansfield Business Improvement District and a fixed 2% bid levy will be applied to Rateable Values in the Non-domestic Rating List.
The levy will be applied from 1st April every year and adjusted annually with a 3% inflation rate.

Interested parties should contact Mansfield bid telephone or on-line at .

Planning

The premises come under the E Classification effective from 1 September 2020 having been a cafe unit for many years.

The unit would suit a range of uses including retail, financial/professional services, and bistro/café without the need for additional Planning Permission.

Please note that E Class also includes the old B1(a) (offices), B1(b) (research facilities) and certain clinics, creche and health centre type uses formerly under D1, and certain leisure/gymnasiums type uses formerly under D2.

The premises are in a Conservation Area but are not Listed.

However, interested parties should contact Manfield District Planning Department, telephone no: To satisfy themselves in that regard.

Neither New West Ltd nor the landlords offer any warranty in respect of the Planning, Building or Fire Regulations and interested parties must undertake their own survey and advice. There to be no conflict on proposed uses with the existing users in the Parade in the same landlord’s ownership.

Legal costs

The incoming tenant will be responsible for the landlords’ abortive legal costs at £500 plus VAT. On a successful letting each party to bear their own costs.

Commercial energy performance certificate (EPC)
The premises are assessed as C65 under the EPC to November 2033 and copies of the Energy Performance Certificate & Recommendations Report are available to applicants on request.

VAT

We understand VAT is charged on the rental, service charge and insurance. The position regarding VAT is always reserved.

Money laundering policy

In accordance with Money Laundering Regulations, two forms of id/Address and confirmation of the source of funding will be required from the successful tenant.