Retail Property (high street) for sale

63 - 65 High Road, Nottingham, Nottinghamshire, NG9

Guide Price £675,000
1,312 sq. ft.

Property Description

Commercial information

  • 1,312 sq ft (121 sq m)
  • Use class orders: A1 Shops and C3 Dwelling Houses

Key features

  • Prime Location
  • Well maintained and open plan commercial and living areas
  • 2 x 2 bed newly refurbished residential flats
  • Let to The Salvation Army Trading Company
  • Offers invited at 675,000

Full description

Tenure: Freehold

The property comprises a substantial building erected in the 1990's consisting of a Ground Floor Lock up Shop with first floor and second floor 2- bed student apartments created in September 2013.

The premises is held on an effective fully repairing and insuring lease held inside the Landlord and Tenant Act 1954 for a period of 10 years effective from June 2013 to The Salvation Army Trading company ltd. The current rent passing is 30,000 per annum exclusive. A full copy of the lease can be made available to interested parties.

Flat 1 is let on a 51 week assured shorthold tenancy at a rent of 180 per week. Flat 2 is let on a 51 week assured shorthold tenancy at a rent of 180 per week rising to 190 per week in September 2018.

Offers are invited at 675,000 representing a yield of 7.2% before purchase costs. Exclusive of VAT.


More information from this agent

Nearest stations

  • Beeston (0.6 mi)
  • Attenborough (1.7 mi)
  • Station St (3.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Beeston (0.6 mi)
  • Attenborough (1.7 mi)
  • Station St (3.1 mi)
Distances are straight line measurements from centre of postcode

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