2C Station Street, Nottingham, Nottinghamshire, NG10

Investment Consideration:
Gross Initial Yield: 10.40%
Rental Income: £7,280 p.a.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber`s
Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience store.

Property Description:
The property comprises mid-terrace ground floor shop, providing the following accommodation and dimensions:
Ground Floor: 74 sq m (800 sq ft)
Open plan retail, Kitchenette, WC

Tenancy:
The shop is at present let to an Individual for a term of 3 Years from 23rd October 2024 at a current rent of £7,280 p.a. and the lease contains full repairing and insuring covenants. Rent review in April 2026 Linked to RPI. No breaks. Deposit held of £1,300. Lease within Landlord & Tenant Act 1954.

Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.

Location:
Long Eaton is a town in the Erewash district of Derbyshire, England, just north of the River Trent, about 7 miles (11 km) south-west of Nottingham and some 8.5 miles (13.7 km) south-east of Derby. The main road through the town forms part of the A6005 and junction 25 of the M1 motorway is on its north-western border. The area around the traffic island in the town centre is called The Green by locals. Long Eaton railway station is on the Midland Main Line. The Erewash Canal passes through the town. There are bus services to the nearby cities of Nottingham and Derby, which depart every few minutes. Other local services include the East Midlands Airport.