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342 & 342A Carlton Hill, Carlton, Nottingham, NG4 1JD

Offers in Excess of
£250,000

£250.25 per sq ft

Business rates & charges may apply

NG Chartered Surveyors, Nottingham
SIZE AVAILABLE

999 sq ft

93 sq m

SECTOR

High street retail property for sale

Key features

  • Investment opportunity
  • Prominent position on Carlton Hill
  • Fully fitted ground floor retail unit
  • Self-contained first floor flat
  • High quality fit-out throughout
  • Total passing rent £20,460 per annum exclusive
  • Offers invited over £250,000 which reflects a net initial yield of 7.98%, having allowed 2.6% for purchaser’s costs

Description

The ground floor is a self-contained retail unit occupied and operated by ‘Project Pies‘, an established pie maker. The sales area boasts a modern high-quality fit-out with a complete bi-folding frontage, the rear is fitted out to provide kitchen bakery and provides further ancillary stores and welfare facilities.

To the first floor, there is a modern, well maintained three-bedroom flat spread over 2 storeys consisting of a living room/kitchen diner and a modern bathroom suite. The flat is currently rented out on an AST to private tenants.

Occupying a prominent position on Carlton Hill, this mixed-use investment is located in a well-established commercial setting that attracts steady footfall and strong tenant demand. The high street serves a densely populated residential catchment and provides access to major local routes connecting the town centre and surrounding suburbs, while nearby public transport links and on-street parking enhance it’s accessibility.

All mains services are evident within the property, but we can provide no warranty with regard to the capacity or connectivity.

Please contact the marketing agents for further information.

Freehold, subject to and with the benefit of the occupational lease to Mr D Lione t/a Project Pies on the following terms:

Term: 5 years
Lease Commencement: 1st January 2023
Annual Rent: £9,000 per annum exclusive
Break Date: 31st December 2025 (not to be actioned)

Additionally, the first-floor residential flat is let on an Assured Shorthold Tenancy at a rent of £11,460 per annum.

Charging Authority: Gedling Borough Council
Description: Shop & Premises
Rateable Value: £8,000
Period: 2025/26

Offers invited over £250,000 which reflects an NIY of 7.98% having allowed 2.6% for purchaser’s costs.

VAT is not applicable to the price.

Each party will be responsible for their own legal costs incurred in documenting the transaction.

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.

Brochures

342 & 342A Carlton Hill, Carlton, Nottingham, NG4 1JD

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Carlton Station1.2 miles
  • Lace Market Tram Stop1.8 miles
  • Netherfield Station1.8 miles

About NG Chartered Surveyors, Nottingham

8 Landmere Lane West Bridgford Nottingham NG12 4DG

NG is a leading firm of Chartered Surveyors, established in 1980 in Nottingham. We are still invested in Nottingham and remain deeply committed to the East Midlands.

With huge experience and extensive knowledge, we are here to help and guide you through your commercial property journey. At NG we understand the importance of technology and what that offers our business, as well as yours, allowing us to stay ahead of the game and continue to be at the forefront of the commercial market in the East Midlands.

We provide a wide range of industrial and commercial property services to an extensive portfolio of local and national clients, many of whom have been loyal to us for years.

Our services include:

Acquisitions

Commercial Property Investment

Commercial Property Development

Commercial Property Agency

Property Management

Residential Block Management

Commercial Property Valuations

Residential Property Valuations

Schedules of Dilapidations

Schedules of Condition

Our success comes from a quiet determination to do the finest job we can. Never complacent, we treat every client as if they were our first and know how to build lasting businesses relationships.

NG works to the highest standards of service and professionalism. All our Surveyors and directors are members of the Royal Institution of Chartered Surveyors.

Whilst it is something of a cliché, our people are talented, dedicated and have a strong team spirit. Our expert team specialise in specific areas and we will always ensure you are liaising with an expert in their field. We are pride ourselves on being different, from diverse backgrounds and our family feel ensures we don't come across as corporate, we take the personalised approach in everything we do.

Clients trust our advice, which combines detailed knowledge with experience and, very importantly, honesty. We build lasting relationships with clients and many repay us with the greatest compliment of all - by returning to do more business, year after year.

Contact us today to find out more about any of the properties shown or if you have a general query or question, the team will be here to help and support you.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 346331-1. 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 NG Chartered Surveyors, Nottingham. 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.

Map data ©OpenStreetMap contributors.

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