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Freehold Commercial Investment Property/Public House, Annesley Road, Nottingham, Nottinghamshire, NG15

Offers in Region of
£450,000

Business rates & charges may apply

VERITAS BUSINESS SALES LTD, Midlands
SECTOR

Commercial property for sale

USE CLASS
Use class orders: A4 Drinking Establishments

A4

Key features

  • Freehold Investment Property
  • Ground Floor Public House
  • Potential to Convert Pub Into Flats
  • Four Flats Above Producing Rental Income
  • Fully Let (8.6%) Return

Property description

Freehold Commercial Investment Property Located in Hucknall
Ground Floor Public House (Vacant) Possible Income £16,800 pa
Four Flats Above Producing Rental Income (£21,840 pa)
Fully Let (8.6%) Return
Ref 2617

Location
The subject property is a mixed use Commercial Property which is located in the market town of Hucknall in Nottinghamshire. The property is situated within a prominent and highly visible trading position on Annesley Road. The immediate area has plenty of businesses, industry and an abundance of residential properties. The M1 motorway is within (8.5 miles) and the city of the Nottingham is (7.5 miles).

Freehold Asking Price: £450,000 plus VAT

Business Description
Veritas Business Sales offer to the market this mixed use Commercial Property which was formerly a public house. The first and second floors have been converted into 4 flats which are fully let on 6 month STA's and produce rental income of £21,840 pa.
A new purchaser can either re-open and trade the ground floor as a pub themselves or offer it on lease which would generate £13,000 plus vat per annum. Alternatively you could convert the ground floor into three flats subject to obtaining the correct planning permission and these would rent for circa £16,800 per annum.
This is a superb opportunity to purchase an investment property with a variety of options available which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Ground Floor
Main bar with vestibule entrance, bar servery and seating.
Ladies toilets with two W/C's, two wash basins, wall mounted soap dispenser and wall mounted hand dryer.
Gents toilets with four urinals, W/C, wash basins, wall mounted soap dispenser and wall mounted hand dryer.
Hallway which gives access to the rear yard.
Storeroom with combination boiler (Worcester Bosch).

Cellar (below ground)
Main cellar room
Storeroom
Boiler room
The ground floor benefits from gas fired central heating and UPVC double glazing

First Floor
Flat 1
2 bedroom (rented out for £520 PCM) EPC Rating E
Flat 3
1 bedroom (rented out for £425 PCM) EPC Rating C
Flat 4
1 bedroom (rented out for £425 PCM) EPC Rating D

Second Floor
Flat 2
2 bedroom (rented out for £520 PCM) EPC Rating D
The flats have electric storage heating and UPVC double glazing

External
Gated yard with outbuildings with two storerooms.

Freehold Commercial Investment Property/Public House, Annesley Road, Nottingham, Nottinghamshire, NG15

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hucknall Station0.6 miles
  • Moor Bridge Tram Stop2.0 miles
  • Newstead Station2.1 miles

About VERITAS BUSINESS SALES LTD, Midlands

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

Veritas Business sales boasts over 15 years’ experience in Business sales, Acquisitions, and Commercial property sales. Whether you are selling a coffee shop in the Midlands, Public house in Wales or a Hotel in Cornwall we can help you with your exit strategy. We have a network of Consultants across the UK so choosing an agent that understands your business and the benefits of its location, means we can strategically present your concern to a focused audience.

Please contact us for a fr

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Industry affiliations

Notes

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Disclaimer - Property reference 2617. 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 VERITAS BUSINESS SALES LTD, Midlands. 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.

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