Description
The subject property comprises a substantial mixed-use investment opportunity arranged over two storeys, featuring two ground floor commercial units, with three 2-bedroom flats across the upper floor and rear extension.
Constructed of traditional brick beneath a pitched roof, the ground floor units are arranged with modern retail frontages and benefit from a forecourt providing off-street customer parking. To the rear of the site, a large gravelled area offers extensive additional parking, alongside the ground floor residential flat.
The upper floor of the main building accommodates a further two self-contained flats. This layout offers a balanced mix of residential and commercial uses.
Business Rates
Budget figures are available from the Agents.
For further information on Rates Payable and Small Business Rates Relief contact Gedling Borough Council
Planning
Interested parties should satisfy themselves
that the use of the building is sufficient to their
purposes.
For further information, please contact Gedling Borough Council
TENURE/INCOME
The intention is that the two retail units will be let by way of new 7-year leases, incorporating 3.5-yearly tenant only options to break.
The 3 flats are let by way of separate assured shorthold tenancies. The annual rental income is
as follows.
Ground Floor Retail 51 - £19,800 Per Annum
Ground Floor Retail 53 - £17,400 Per Annum (Rising to £18,000 in 2026)
First Floor Flat 51a - £9,000 Per Annum
First Floor Flat 53a - £9,000 Per Annum
Ground floor Flat 53b - £8,100 Per Annum
TOTAL £63,300
Terms
The premises are available to purchase subject to the occupational tenancies.
Price
£750,000 (Seven Hundred and Fifty Thousand Pounds)ubjec
VAT
Prices are quoted exclusive of Value Added Tax (VAT).
Services
We understand that mains electricity, gas, water and drainage are connected to the premises.
However, we recommend that interested parties contact the relevant service providers to confirm this.
EPC (Energy Performance Certificates)
A copy of the existing building's Energy Performance Certificate can be obtained from the Agents.
Legal Costs
Each party will be responsible for their own legal costs incurred in this transaction.
Viewing
Strictly by prior appointment with the Sole Agents Musson Liggins Ltd.
Location
The subject property is prominently situated on Nottingham Road in Keyworth, a popular and well-established residential village located approximately 7 miles south of Nottingham City Centre. The surrounding area comprises a mix of residential housing and neighbourhood retail occupiers, with nearby amenities including convenience stores, cafés, and local businesses serving the wider community.
Keyworth is well connected via the A606 and A52, providing easy access to Nottingham, Melton Mowbray, and the wider East Midlands region. Regular public transport links are available, with several bus services operating through the village, further enhancing its accessibility.
Contact
Matthew Wade BSc (Hons) MRICS
