Link Detached House for saleMarket Place, Long Eaton, Nottingham, NG10
Guide Price £475,000
- Mixed commercial investment Situated on the edge of the Market Place
- Tenants in occupation for many years
- Current income £38,850 per annum
- ERV - £41,850 per annum
- VAT exempt
- An initial yield of 7.78%
- Reversionary yield of
- 8.38% net of purchasing costs
Full descriptionLong Eaton is a busy Market Town located 8 miles south-west of Nottingham and 9 miles east of Derby. It has excellent transport links being located close to the A52 Nottingham to Derby trunk road and within easy driving distance of Junction 25 of the M1 Motorway.
The town supports a retail catchment population of circa 40,000 and a catchment of 210,000 within a 20 mile drive time. The main shopping facilities for the town are centred upon the Market Place, Tamworth Road and High Street. This property occupies a highly visible location adjacent to the north side of the Market Place. Nearby occupiers include branches of NatWest, RBS, HSBC, Nationwide Building Society and Halifax Banks.
The property comprises a substantial building probably erected in the 1920s with accommodation arranged on ground and two upper floors. The property comprises of two shops, together with upper floor accommodation. No. 30 consists of a ground floor shop, first floor coffee area/restaurant, offices and two self-contained flats on the second floor. No. 32 consists purely of a self-contained shop. The property is of brick construction under a pitched slate roof. The building has traditional timber framed windows and shop fronts.
Flat 1 - 2 bedrooms, bathroom with electric shower, lounge, stores, kitchen, WC
Flat 2 - 3 bedrooms, lounge, kitchen, bathroom, WC, shower unit
For further information or to arrange to view please contact:
T: 0115 841 1132
M: 07711 211 511
Property Misdescriptions Act 1991 - all statements contained within this brochure have been provided in good faith and are understood to be accurate although cannot be guaranteed as we rely on information provided by others. Potential purchasers should satisfy themselves as to the validity of the information contained either by inspection or through their solicitors prior to any exchange of contracts to purchase. Services have not been tested and purchasers are recommended to undertake independent tests on all services and mechanical installations prior to exchange. Details correct at time of going to print.
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