Mixed Use in Mansfield

137 and 139 Newgate Lane, and 1-1a Gladstone Street, Mansfield NG18 2LG
  • Lot No: 66
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £240,000+ plus fees

Property Description

A freehold former social club, land and garages offered with vacant possession and planning consent for the creation of two separate HMOs with 13 bedrooms in total. The subject property is situated on the corner of Newgate Lane and Gladstone Street and comprises a social club and lockup shop with flat offering separate living accommodation, and a vacant area of land which is located off Gladstone Street. The premises are within easy walking distance from the centre of Mansfield which provides excellent facilities including a wide range of shops, The Four Seasons Shopping Centre, Retail and Leisure Parks, Water Meadows Swimming Complex etc. There are bus stops immediately outside of the property on Newgate Lane going into and out of Mansfield. The town has regular bus and train services to Nottingham and Worksop and has good road access to Junctions 28 and 29 of the M1 Motorway. Planning Details: Planning permission has been granted by Mansfield District Council dated 26th July 2023 for the change of use of social club, retail unit and ground floor apartment to form 1 No. 6 bed and 1 No. 7 bed houses in multiple occupation including demolition of single storey rear extension and construction of single storey rear extension and other alterations. The lot includes approved planning permission for: Two independent HMOs (1 x 6 bed and 1 x 7 bed) each with individual outside communal spaces. Off street parking spaces for 6 cars. Additional external storage includes 4 x garages and 1 x bike store Interested parties are advised to inspect the legal pack and the Mansfield District Council Planning Portal using reference 2023/0309/COU.

Ground Floor

Club, kitchen and ground floor flat. 147 sq. m. (1,590 sq. ft.)


First Floor

First floor flat and first floor club. 117.48 sq. m. (1,265 sq. ft.)


Total

265.28 sq. m (2,855 sq. ft.)


Basement

Approx. 200 sq. ft.


Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 25th April 2024

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

137 and 139 Newgate Lane, and 1-1a Gladstone Street, Mansfield NG18 2LG