COMMERCIAL
Market Place, Long Eaton
£260,000
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- Mixed-use investment opportunity comprising a commercial unit and duplex apartment
- Commercial unit currently let at £870 PCM with tenancy in place until June 2027
- Duplex apartment currently achieving £750 PCM rental income
- Combined rental income of £1,620 PCM (£19,440 per annum)
- Ground floor retail unit currently operating as a bridal shop (business not included in sale)
- Commercial premises includes retail area, storage room, kitchen, WC and rear access
- Spacious two bedroom duplex apartment with living room, kitchen, separate bathroom and WC
- Established tenants in place providing an immediate return on investment
Description
AN EXCELLENT INVESTMENT OPPORTUNITY TO ACQUIRE A MIXED-USE COMMERCIAL AND RESIDENTIAL PROPERTY, PRODUCING A COMBINED INCOME OF £1,620 PCM.
Robert Ellis are delighted to bring to the market this fantastic investment opportunity comprising a ground floor commercial unit and a spacious duplex apartment above. The property is being sold as an investment only, with both elements currently tenanted and generating a strong rental income.
The commercial unit is currently let at £870 PCM on a tenancy agreement running until June 2027 and is presently occupied as a bridal shop. The business itself is not included within the sale, only the freehold property. The shop is well presented by the current tenants and benefits from an attractive retail frontage, a spacious sales area, a separate enclosed storage room, rear lobby with access to the rear, kitchen facilities and a WC.
Above the commercial premises is a substantial duplex apartment currently generating £750 PCM. Arranged over two floors, the accommodation comprises a fitted kitchen, spacious living room, separate bathroom and WC, with two well proportioned bedrooms situated on the upper floor.
Producing an annual income of approximately £19,440, this represents an excellent opportunity for investors seeking an established mixed-use property with tenants already in place and immediate rental return.
Retail Area - 7.80m x 4.24m approx (25'7 x 13'11 approx) - Windows to the front, central access door, suspended ceiling, light and wall heater.
Office/Store - 3.81m x 2.74m approx (12'6 x 9' approx) - With suspended ceiling and ceiling light points.
Rear Lobby - With rear fire door leading out to the enclosed garden, panelled door to:
Kitchen - 2.72m x 1.91m approx (8'11 x 6'3 approx) - Window to the side elevation, stainless steel sink with hot and cold taps, base units, shelving for further storage, panelled door to:
Cloaks/W.C. - Wall mounted vanity wash hand basin and low flush w.c., window to the side and a light.
Duplex Apartment - With private secure access to the first floor landing area with a UPVC sash style window to the rear, light and internal panelled door to:
Entrance Hall - Stairs leading to the second floor and panelled doors to:
Living Room - 4.45m x 6.96m approx (14'7 x 22'10 approx) - With three sash style windows to the front, ceiling light point, coving to the ceiling and feature open fireplace with original mantle and hearth.
Kitchen - 3.73m x 3.40m approx (12'3 x 11'2 approx) - UPVC sash style window to the rear, stainless steel sink with hot and cold taps, tiled splashbacks and ceiling light point.
Bathroom - Panelled bath, recessed vanity wash hand basin with storage cupboards below, UPVC sash style window to the side, ceiling light point.
Separate W.C. - Low flush w.c., UPVC sash style window to the side, ceiling light point.
Second Floor Landing - Loft access hatch, ceiling light point and panelled doors to:
Bedroom 1 - 4.47m x 3.81m approx (14'8 x 12'6 approx) - Two sash style windows to the front and ceiling light point.
Bedroom 2 - 3.35m x 3.10m approx (11' x 10'2 approx) - UPVC sash style window to the rear, ceiling light point.
Directions - The property can be found on Market Place just before the Post Office.
A MIXED USE COMMERCIAL AND RESIDENTIAL PROPERTY
Robert Ellis are delighted to bring to the market this fantastic investment opportunity comprising a ground floor commercial unit and a spacious duplex apartment above. The property is being sold as an investment only, with both elements currently tenanted and generating a strong rental income.
The commercial unit is currently let at £870 PCM on a tenancy agreement running until June 2027 and is presently occupied as a bridal shop. The business itself is not included within the sale, only the freehold property. The shop is well presented by the current tenants and benefits from an attractive retail frontage, a spacious sales area, a separate enclosed storage room, rear lobby with access to the rear, kitchen facilities and a WC.
Above the commercial premises is a substantial duplex apartment currently generating £750 PCM. Arranged over two floors, the accommodation comprises a fitted kitchen, spacious living room, separate bathroom and WC, with two well proportioned bedrooms situated on the upper floor.
Producing an annual income of approximately £19,440, this represents an excellent opportunity for investors seeking an established mixed-use property with tenants already in place and immediate rental return.
Retail Area - 7.80m x 4.24m approx (25'7 x 13'11 approx) - Windows to the front, central access door, suspended ceiling, light and wall heater.
Office/Store - 3.81m x 2.74m approx (12'6 x 9' approx) - With suspended ceiling and ceiling light points.
Rear Lobby - With rear fire door leading out to the enclosed garden, panelled door to:
Kitchen - 2.72m x 1.91m approx (8'11 x 6'3 approx) - Window to the side elevation, stainless steel sink with hot and cold taps, base units, shelving for further storage, panelled door to:
Cloaks/W.C. - Wall mounted vanity wash hand basin and low flush w.c., window to the side and a light.
Duplex Apartment - With private secure access to the first floor landing area with a UPVC sash style window to the rear, light and internal panelled door to:
Entrance Hall - Stairs leading to the second floor and panelled doors to:
Living Room - 4.45m x 6.96m approx (14'7 x 22'10 approx) - With three sash style windows to the front, ceiling light point, coving to the ceiling and feature open fireplace with original mantle and hearth.
Kitchen - 3.73m x 3.40m approx (12'3 x 11'2 approx) - UPVC sash style window to the rear, stainless steel sink with hot and cold taps, tiled splashbacks and ceiling light point.
Bathroom - Panelled bath, recessed vanity wash hand basin with storage cupboards below, UPVC sash style window to the side, ceiling light point.
Separate W.C. - Low flush w.c., UPVC sash style window to the side, ceiling light point.
Second Floor Landing - Loft access hatch, ceiling light point and panelled doors to:
Bedroom 1 - 4.47m x 3.81m approx (14'8 x 12'6 approx) - Two sash style windows to the front and ceiling light point.
Bedroom 2 - 3.35m x 3.10m approx (11' x 10'2 approx) - UPVC sash style window to the rear, ceiling light point.
Directions - The property can be found on Market Place just before the Post Office.
A MIXED USE COMMERCIAL AND RESIDENTIAL PROPERTY
Brochures
Market Place, Long EatonEnergy Performance Certificates
EE RatingMarket Place, Long Eaton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Long Eaton Station1.1 miles
- Toton Lane Tram Stop1.5 miles
- Attenborough Station1.8 miles
Notes
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