High Street, Long Eaton, NG10

Righthouse Estate Agents, in conjunction with joint agents OMEETO, are pleased to offer for sale this fully let mixed-use freehold investment, occupying a prominent corner position on High Street in the heart of Long Eaton town centre.

The retained accommodation comprises 8 self-contained residential apartments and 2 ground-floor commercial units, all let in their entirety to Righthouse Estate Agents Ltd under a single headlease expiring 12 December 2027, producing a current contracted rent of £44,579.04 per annum.

The property represents an attractive reversionary investment opportunity, combining an established specialist property operator with a near-term lease event and substantial reversionary potential. The estimated reversionary income is approximately £75,000 per annum, subject to market conditions.

The freehold also includes the reversionary interest in a further 9 apartments previously sold separately on long leases.

ACCOMMODATION

The retained accommodation extends to approximately 3,966 sq ft (368 sq m) in total and comprises:

• Flat 2 – Ground Floor, 1 Bedroom – approx. 538 sq ft – Council Tax Band A – EPC D (66)

• Flat 4 – Ground Floor, 2 Bedrooms – approx. 506 sq ft – Council Tax Band A – EPC D (59)

• Flat 6 – First Floor, 1 Bedroom – approx. 388 sq ft – Council Tax Band A – EPC C (71)

• Flat 9 – First Floor, 1 Bedroom – approx. 420 sq ft – Council Tax Band A – EPC C (70)

• Flat 11 – First Floor, 1 Bedroom – approx. 312 sq ft – Council Tax Band A – EPC C (77)

• Flat 12 – Second Floor, 1 Bedroom – approx. 366 sq ft – Council Tax Band A – EPC D (66)

• Flat 14 – Second Floor, 1 Bedroom – approx. 484 sq ft – Council Tax Band A – EPC D (63)

• Flat 17 – Ground Floor, 1 Bedroom – approx. 280 sq ft – Council Tax Band A – EPC D (64)

• Shop 1 – Creed Tattoo – Ground Floor – approx. 276 sq ft – Rateable Value £4,150

• Shop 2 – Sorella Studios – Ground Floor – approx. 396 sq ft – Rateable Value £5,900

Commercial EPCs – to be confirmed.

The apartments provide self-contained accommodation with fitted kitchens, shower rooms, laminate flooring and electric central heating with radiators, together with electrically heated hot-water cylinders. A gated rear courtyard provides residential access and communal bin storage.

TENURE & INVESTMENT

The property is offered Freehold, subject to the existing occupational and long leasehold interests.

The 8 retained apartments and 2 commercial units are let to Righthouse Estate Agents Ltd under a single lease expiring 12 December 2027 at £44,579.04 per annum.

Righthouse is responsible for the sub-letting and day-to-day management of the retained units, together with administration of the service charge. Under the headlease, Righthouse is responsible for internal and external repair and decoration, with the landlord responsible for keeping the main walls, roof and foundations windproof and watertight.

The freehold additionally includes the reversion to 9 separately owned apartments. Flats 1, 3, 7, 10 and 13 are held on 125-year leases expiring 1 January 2135, while Flats 5, 8, 15 and 16 are held on 999-year leases expiring 1 January 3009. The leases commenced in 2010 at a peppercorn ground rent, with leaseholders contributing through the service charge towards relevant building repair, maintenance, insurance and management expenditure.

LOCATION

The property occupies a prominent corner position on High Street in Long Eaton town centre, approximately 6 miles south-west of Nottingham and 9 miles south-east of Derby, with convenient access to the A52 and M1.

Nearby national occupiers include Specsavers, B&M, Boots and Greggs, alongside a range of independent retailers and businesses.

Long Eaton town centre is currently benefiting from a £10 million regeneration programme, including improvement works to High Street and Tamworth Road, which commenced in June 2026 and are scheduled for completion in spring 2027.

PLANNING

The property was originally granted planning permission for a change of use to form 2 commercial units (Class E) and the creation of 14 residential apartments, reference ERE/0912/0030.

Planning permission was subsequently granted for a further 3 residential apartments, reference ERE/0414/0024.

We understand the property is situated within the Long Eaton Conservation Area. Interested parties should make their own enquiries with the relevant Local Authority.

SERVICES

All mains services with the exception of gas are understood to be connected.

Electricity is supplied via a main supply to Righthouse Estate Agents Ltd, with the individual units separately sub-metered and usage charges administered by Righthouse to the respective tenants. Each unit also has its own water meter.

The agents give no warranty regarding the connectivity or capacity of services and interested parties should rely upon their own investigations.

PRICE

Guide Price: £725,000

We are advised that the building is not registered for VAT. Interested parties should take their own professional advice regarding the VAT treatment of the transaction.

VIEWING

Viewings are strictly by prior appointment through Righthouse Estate Agents Ltd or joint agents OMEETO.