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Office for sale

Salisbury Street, Nottingham, Nottinghamshire, NG10

Sold STC £125,000

Property Description

Key features

  • Substantial detached period property
  • Close to town centre
  • Secure parking for 4/5 vehicles
  • Close to amenities
  • Large Rooms
  • High Ceilings
  • Kitchen facilities
  • Washroom facilities
  • Rear courtyard
  • Double glazed throughout

Full description

Location
The subject property is located on the northern side of Salisbury Street in the busy town of Long Eaton, Derbyshire.

Long Eaton is a market town located just 7.5 miles south west of Nottingham and 10 miles east of Derby, both reached within a 20 minute drive, however a regular bus service links the two cities and Long Eaton is a major terminus for this.

In the immediate vicinity there are large superstores including Tesco and Asda along with a wide range of local and national retailers.

The M1 motorway is located just 2.5 miles from the subject property and links the north to the south.

Description
Built in 1908 this Edwardian detached property is currently being utilised as offices for as firm of accountants.
The property is accessed via the side entrance which leads to the reception area with bay window to the front elevation. The hallways leads to two further offices, one small one to the front elevation and one large one to the west elevation. Further downstairs rooms include a small storage room and separate male and female toilets with washbasins. Upstairs there is a large galleried landing, four further offices and a staff kitchen / filing area. Outside of the property there is ample parking for up to 5 vehicles and a rear courtyard.

Accommodation

First Floor 77m2 829ft2

Second Floor 76m2 818ft2

Total 143m2 1647ft2


Approx. gross internal floor area
Services
We understand the property has connections to mains gas, electricity, water and drainage.

Tenure
The property is freehold

Business Rates
The premises have a current rateable value of 7,500.

*Guide Price
125,000

Investment Analysis
It is envisaged that should the property be let out as an office block an anual rental income of 12,000 could be achieved, this represents a gross yield of 9.6%.

Should the property be converted to a residential dwelling (STP) there is substantial scope to add value

More information from this agent

Map & Street View

Disclaimer - Property reference 10salisburystreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Pye Property, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


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