107 & 109, High Street

Collingham, Newark, Nottinghamshire NG23 7NG

Guide price £450,000

LOCATION

Collingham is a highly sought after village located six miles to the north of Newark-on-Trent and 15 miles south west of Lincoln, with a population of approximately 3,000. The village offers a good range of local services and amenities. The property occupies a prominent position on the High Street in the centre of the village and lies just off the A46 providing access to the A1 for commuting north and south. Lincoln and Nottingham are within easy reach being within 15 miles and 28 miles respectively. There are regular bus services to Newark, Lincoln and Nottingham and East Coast railway services available from Newark Northgate to London in around 80 minutes.

DESCRIPTION

The property comprises a two storey end of terrace building currently arranged as a retail unit at ground floor level with ancillary offices and storage at second floor level. To the rear there is a self-contained five bedroom house providing kitchen and living room at ground floor level with five bedrooms and a bathroom to the first floor. Outside, there is useful attached two storey outbuilding with terraced area and parking.

ACCOMMODATION

Measured on a net internal area (NIA) basis in accordance with the RICS Code of Measuring Practice the retail unit provides the following accommodation:

Ground Floor - Retail 775 sq ft (72.0 sq m)
Ground Floor - Storage 42 sq ft (3.9 sq m)
First Floor - Offices 638 sq ft (59.3 sq m)
First Floor - Storage 104 sq ft (9.7 sq m)
Total NIA - 1,559 sq ft (144.9 sq m)

SERVICES

We understand that mains gas, electricity, water and drainage are connected to the property. Interested parties should make their own enquiries with relevant service providers.

PLANNING

The current use of the property falls within Classes A1 (Shop) and C3 (Dwellings) of the Town and Country Planning (Use Classes) Order 1987 (as amended). Interested parties are advised to contact Newark & Sherwood District Council on 01636 650000 to confirm that the current use of the property complies with its existing planning consent and to establish the likelihood of obtaining planning consent for redevelopment or change of use if required.

RATEABLE VALUE (107 High Street)

Rateable Value (2017 List): £9,100
Standard Multiplier (2017/18): 47.9p in the £
Small Business Multiplier (2017/18): 46.6p in the £

Interested parties are advised to contact Newark & Sherwood District Council to verify the above and to enquire about their eligibility for small business rate relief (which may amount to 100% depending on circumstances).

COUNCIL TAX (109 High Street)

Band C

TENURE

Freehold subject to a five year lease of the retail unit from 7 November 2017 at £10,200 per annum and vacant possession of the house and outbuilding.

GUIDE PRICE

£450,000. Offers are invited for consideration.

VAT

The guide price quoted in these particulars is exclusive of VAT. At the time of preparation of these particulars (May 2017) we understand that the vendor has not elected to charge VAT.

LEGAL COSTS

Each party is to be responsible for their own legal costs.

VIEWING

For further information or to arrange a viewing please contact sole agents JHWalter:

Andrew France BSc (Hons) MRICS
01522 504319 07795 657792 andrewfrance@jhwalter.co.uk

Ben Kendall BSc (Hons)
01522 504309 07919 694233 benkendall@jhwalter.co.uk

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