2 plots of land on the busy A38 Kings Mill Road East, Sutton-in-Ashfield

Lot Image

Auction sale - Monday 13th July 2015

Result:

Withdrawn Prior to Auction.

  • Two vacant freehold sites (can be sold as one) - Site A of 0.30 acres & Site B of 1.20 acres. Suitable for a high profile roadside development
  • Lapsed planning consent for nursing home and hotel development
  • Prominent location alongside the A38

Details

Location

Sutton-in-Ashfield is a market town located approximately 12 miles north-west of Nottingham and 3 miles south-west of Mansfield. The town lies about 3 miles north-east of junction 28 of the M1 Motorway via the busy A38, the location of a number of warehouse/distribution developments and a large outlet retail centre. The sites are located alongside and are accessed off Kings Mill Road East (A38) via Coxmoor Road. There is a newly built service road accessing not only the site, but a new Toby Carvery, a care home development, a tyre depot and the adjoining Optima Park office/warehouse development scheme.

Description

The property comprises two cleared and level, roughly rectangular sites. Site A is approximately 0.30 acres (0.12 hectares) and Site B is approximately 1.20 acres (0.49 hectares). The sites total 1.50 acres (0.61 hectares) with a long frontage to Coxmoor Road.

Tenure

Freehold.

Planning & Development

The sites may be suitable for a number of uses including a motor dealership, storage, light industrial, nursing home or hotel, subject to all consents. Conditional full planning permission (planning ref: 2011/0148) dated 06/06/2011 was granted (now lapsed) for the proposed development of a nursing home and hotel. For further information contact Ashfield District Council (01623 45000) www.ashfield-dc.gov.uk.

VAT

VAT is payable.

Energy Performance Certificate

For EPC Rating please see website.

Prelim - Auction Date

Advance Warning for the 12th October 2015

Accommodation Acre Hectares Tenant
Edit Edit Edit
Address Acres Hectares
TOTAL 1.50 0.61
Site A Site B 0.30 1.20 0.12 0.49

Contact

Seller's solicitor

Penningtons Manches LLP

Chris Grey

020 7457 3089

chris.grey@penningtons.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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