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Gedling Road, Arnold, Nottingham, NG5 6PD

£500,000

Business rates & charges may apply

Lester & Bingley Ltd, Mansfield
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SECTOR

2 bedroom mixed use property for sale

Key features

  • Ground floor let to dance studio
  • First floor 2-bed flat let
  • Total income £28,340 p.a.
  • Four private garages
  • Private and public parking
  • Long-standing reliable tenants

Description

Freehold Investment Opportunity – Fully Tenanted Mixed-Use Property

An excellent opportunity to acquire a fully tenanted freehold investment comprising a modern ground floor commercial unit and a high-specification residential apartment above.

The ground floor is currently occupied by a well-established dance studio, generating an annual rental income of £14,000. The tenants are long-standing, and the property is maintained to an exceptional standard, reflecting the care and pride taken by the occupiers.

The first-floor apartment offers two spacious bedrooms, one modern bathroom, and a stunning open-plan kitchen, dining, and living area with vaulted ceilings. The apartment has been finished to a high specification and is occupied by reliable, long-standing tenants on a rental of £14,340 per annum, with one year remaining on the current lease.

Externally, the property benefits from four private garages, dedicated parking to the rear, and additional public parking to the front, where you"ll also find a variety of local shops and convenience stores, enhancing the appeal of the location for both tenants and investors.

This is a fantastic long-term investment opportunity offering immediate income and security from established tenants in both the commercial and residential elements.
Investment Summary:

Total Annual Income: £28,340

Tenure: Freehold

Tenants: Long-standing and reliable

Use: Mixed-use (commercial and residential)

Garages: 4 private garages plus parking

Energy Performance Certificates

EPC 1EPC 2

Gedling Road, Arnold, Nottingham, NG5 6PD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Carlton Station2.5 miles
  • Basford Tram Stop2.9 miles
  • Beaconsfield St Tram Stop2.9 miles

About Lester & Bingley Ltd, Mansfield

Unit 2a Sherwood Oaks Close, Mansfield, NG18 4TB

Notes

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Disclaimer - Property reference 714314. 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 Lester & Bingley Ltd, Mansfield. 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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