40 Thackerays Lane, Woodthorpe, Nottingham, NG5 4HQ
£125.28 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,674 sq ft
248 sq m
- SECTOR
High street retail property for sale
Key features
- Fully let mixed-use Investment, producing an annual income of £21,181.92
- Extending to approximately 2,674 sq ft (248.4 sqm)
- Excellent location close with its junction to Nottingham’s ring road and arterial A60
- Guide Price of £335,000 reflecting a net initial yield of 6.11%, assuming standard purchasers costs, and a capital value of £125psf
- Scope for potential regearing of the existing leases
Description
The property comprises a mixed-use building, built of traditional brick construction under a tiled hip roof.
It is arranged over two storeys and is configured to provide a ground floor retail unit with a return frontage, currently occupied by Tompkins Florists, comprising a sales area flanked by storage and a garage that fronts onto Buckingham Road. The first floor comprises a fully self-contained 3 bedroom flat, benefitting from its own independent access and an external courtyard, with dedicated parking.
Internally, both floors are fitted to each of the tenants bespoke fit outs.
Location
The property is well located in Woodthorpe, a suburb approximately 5 miles north of Nottingham’s City Centre.
It occupies a prominent corner position at the junction of Thackeray’s Lane and Buckingham Road, benefitting from good access to both the A60 and A6514, being the principal ring road and arterial road, providing excellent road connections to the City and surrounding suburbs.
The immediate vicinity is predominately categorised by residential property, with a number of commercial occupiers including Firth & Scott Insurance Brokers, Bridal Suite and JM Physiotherapy to name but a few.
Brochures
40 Thackerays Lane, Woodthorpe, Nottingham, NG5 4HQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Basford Tram Stop1.9 miles
- David Lane Tram Stop2.0 miles
- Beaconsfield St Tram Stop2.1 miles
Notes
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