Property DescriptionA substantial COMMERCIAL FREEHOLD INVESTMENT OPPORTUNITY. Approximately 650 sq.m. of gross external floor area over two floors, total income of £34,000 per annum. Parking for up to twenty eight. There is also a detached two storey dwelling house (28 Nottingham Road) divided into two self-contained flats, combined income of £770.00 pcm. Price guide of £120,000 subject to current tenancies.
- SUBSTANTIAL COMMERCIAL FREEHOLD INVESTMENT OPPORTUNITY
- 650 sq.m. OF GROSS EXTERNAL FLOOR AREA OVER TWO FLOORS
- TOTAL INCOME OF £34,000
- HIGH QUALITY SUITE OF OFFICES TO THE FIRST FLOOR
- SEWING AND CRAFT ENTERPRISE TO THE GROUND FLOOR
- 1/3 ACRE PLOT
- PARKING FOR UP TO 28
- PROMINENT BUILDING
- CLOSE TO ALL COMMUTER LINKS
- CONTACT ROBERT ELLIS TO VIEW
This instantly recognisable building offers approximately 650 sq.m. of gross external floor area over two floors and is currently let to provide a total income of £34,000 per annum.
This landmark property, once a furniture showroom for local furniture manufacturers, Sail Brothers, has been converted in more recent times to provide for two separate functions
The first floor offers a high quality suite of offices, formerly occupied by Ling Phipp Accountants, who have now recently merged with a national firm of accountants, Haines Watts.
The first floor comprises eleven offices, as well as meeting room, open plan office area and the usual staff facilities.
The ground floor space of some 325 sq.m. comprises a central reception area with two large open plan rooms, as well as store room and staff facilities and is occupied by an independent sewing and craft enterprice.
The building occupies a plot extending to approximately 1/3 of an acre, which includes a substantial car park of some 840 sq.m., which currently provides for up to twenty eight parking bays.
This highly prominent building is situated within the town of Stapleford, equidistant between the cities of Nottingham and Derby, and connected via the A52, Brian Clough Way and public transport links. Junction 25 of the M1 Motorway, is less than three miles distance, whilst East Midlands Airport is approximately ten miles away.
The current Freeholder also owns a detached two storey dwelling house known as 28 Nottingham Road, adjacent to Cliffe Hill House. This residential building has purposely been sub-divided into two self-contained flats, generating a combined income of £770.00 per calendar month, which is also available for sale, subject to the existing Tenancy Agreements at a price guide of £120,000.
The residential and commercial elements combined currently return £43,240.00 per annum and offer great long term investment potential.
A rare opportunity indeed to purchase a substantial bricks and mortar investment, close to the centre of an established and ever improving town, with the possibility of future redevelopment potential, subject to the expiration of the current Tenancy Agreements and vacant possession.
GROUND FLOOR TENANCY PROFILE
FIRST FLOOR TENANCY PROFILE
28a Nottingham Road is a self-contained ground floor flat offering approximately 42 sq.m. of internal space and is let at £375.00 pcm.
Property layout & downloads
Property Details PDF
Please fill in the form below to arrange a viewing.
- Commercial Dept
- 11 Derby Road
- Long Eaton
- NG10 1LU
- 0115 946 6949