342 342A Carlton Hill, Carlton, Nottingham, NG4 1JD
Size
999
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Other
- Frontage
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No floor / site plan
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
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.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
342 342A Carlton Hill, Carlton, Nottingham, NG4 1JD
About NG Property Consultants Ltd, Nottingham
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.
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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 Property Consultants Ltd, 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.