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Menu Get an INSTANT ValuationA mixed use freehold investment comprising a lockup shop currently let to a barbers and a self contained first floor flat. Both units are tenanted until July 2023 at a combined rent of £8,820 PA with potential to increase. A well maintained semi detached building.
An opportunity to purchase a mixed use Freehold Investment in a prominent location offering a great long term investment
This two storey semi detached traditional building is currently let on two separate tenancy agreements. The ground floor retail is currently occupied by a barbers on an internal repairing lease until July 2023 at a rent of £375 PCM. The first floor residential flat is currently let until July 2023 at a current rent of £360 PCM.
Offering a combined rental income of £8,820 PA, there is potential to improve the return following the expiration of the current tenancy agreements. The property is to be sold with the tenants in situ and the binding rental agreements.
The ground floor retail unit offers approximately 75sqm of useable internal space which comprises a retail area, staff kitchen, lobby, WC and large back room. The self contained first floor flat is accessed from an external staircase to the rear and comprises a living room, double bedroom, kitchen and bathroom.
The building is situated on a prominent and busy thoroughfare with an open frontage and an enclosed rear yard and good size garden area laid to lawn.
As both the shop and flat are currently occupied., Internal viewing is strictly by prior appointment.
8.2 x 5.26 overall (26'10" x 17'3" overall)
Door to lobby which gives access to a small store and door to kitchen.
3.4 x 2.4 (11'1" x 7'10")
Inner lobby giving access to WC and to back room.
5.2 x 3.67 (17'0" x 12'0")
Accessed from an external staircase with door leading to lobby.
2.4 x 0.9 (7'10" x 2'11")
With door to bathroom and opening to kitchen.
3.61 x 1.81 (11'10" x 5'11")
Fitted range of wall and base units with work surfacing and inset stainless steel sink unit with single drainer. Electric cooker point. Door to bedroom and living room.
3.64 x 5.4 (11'11" x 17'8")
Radiator, double glazed window to the front.
3.68 x 3.48 (12'0" x 11'5")
Radiator, double glazed window to the rear.
2.4 x 1.4 (7'10" x 4'7")
Three piece suite comprising wash hand basin, low flush WC and panel bath with shower over.
The flat has gas fired central heating.
To the front there is an open boundary to the pavement. Access to the rear is gained from a gate to the left side of the neighbouring convenience store with access rights leading to the rear yard. There is also permissive access rights to the right side of the building leading to the rear yard and garden, continuation of this access is by agreement of the adjacent freehold owner. There is an open yard with staircase leading to the flat and enclosed garden laid to lawn.
An opportunity has arisen to purchase a freehold investment which comprises a ground floor lockup shop and first floor self contained flat.
Find Your Nearest Robert Ellis Branch
Our happy, experienced team can lighten your workload and brighten up your day
Find Your Nearest Robert Ellis Branch
Our happy, experienced team can lighten your workload and brighten up your day
The Mortgage Company
50 – 52 Market Place,
Long Eaton,
Nottingham
NG10 1LT
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