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1 bedroom retail property (high street) for sale

City Road

Sold STC £115,950

Property Description

Full description

LANDLORDS OR DEVELOPERS - An opportunity to purchase a mixed COMMERCIAL/RESIDENTIAL unit just off the main High Road in Beeston.

Situated within a stone's throw of Beeston High Road, this SEMI DETACHED property is currently split into a commercial unit downstairs and one bedroom flat over 2 floors upstairs. The property would therefore suit either a landlord looking to let the property as it stands which would offer a good yield, or for development into a residential unit or somebody wanting to start up their own business with the benefit of an income from the flat upstairs.

The accommodation comprises some 276sq.ft. retail unit with kitchen to the rear plus under stairs storage and separate w.c. just outside to the rear. Upstairs, the flat is spread over two floors and comprises landing, lounge, kitchenette, shower room/w.c. and attic bedroom. The flat is currently let at £400pcm.

Beeston is a very popular town with a diverse range of retail and other facilities and good transport links, including the Nottingham Express Transit system and nearby train station. The town also has a large number of both college and university students so is popular with both landlords and private purchasers.

Retail Area - 8 x 3.7 - (minus stairwell of 1.4 x 2.8m)
There is a hatch in the timber floor which gives access to a basement storage area.

Under Stairs Store - 4.27m x 3.05m (14 x 10) -

Rear Kitchen - 3.1 x 3.6 (10'2" x 11'9") - Rear window and rear door to outside, stairwell up to flat

Flat - Lounge - 3.5 x 4.1 (11'5" x 13'5") -

Flat - Kitchenette - 2.4 x 2.1 (7'10" x 6'10") -

Flat - Shower Room/W.C. - 2.6 x 1.2 (8'6" x 3'11") -

Attic Bedroom - 3.6 x 3.8 (11'9" x 12'5") -

Outside - There is a brick built outbuilding containing a w.c. and wash hand basin and gated pathway leading to access across the rear and side of the adjoining property into City Road. On street parking is available on City Road, subject to a parking permit. There is also a public car park on the opposite side of City Road (free parking for up to one hour).

Services - Mains water, drainage and electricity are connected to the property. Mains gas is available in the immediate area if required.

Tenure - The property is available with freehold interest. The first floor apartment is let on an assured shorthold tenancy agreement, which we understand is currently rolling over, achieving £400 pcm exclusive.

Additional Information - Business Rates:-
£2,650 (via the Valuation Office website)

VAT:-
We understand from the vendor that the sale of the property is not subject to VAT.

Legal Costs:-
Each party to bear their own legal costs.


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