
Wallis Street, Nottingham

- PROPERTY TYPE
Terraced
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Comprising 4 self-contained apartments and 8 storage units
- All fully let and income producing at £48,120 per annum
- ERV £59,190 per annum
- Offers invited at £500,000 to £525,000
- Initial Yield 9.16%
- Reversionary Yield 11.27% subject to costs
Description
Nottingham is a major provincial city in the East Midlands with substantial interests in retail,
manufacturing, education, call centres, warehousing and distribution.
Nottingham has a population of circa 275,000, 90,000 students, a leisure catchment of 750,000+ and a retail shopping catchment of approximately 2,000,000.
Wallis Street is situated off Arnold Road Basford . It is located on the north-west fringe of Nottingham City Centre in a mixed commercial and residential area outside the City’s ring road. More specifically this area comprises predominantly of industrial and trade counter uses together with a substantial element of residential, traditional housing.
This property occupies a prominent site on the east side of Wallis Street which is a small cul-de-sac off Arnold Road.
The property comprised a former bakery erected in 1890 or thereabouts. The property consists of a two-storey main section, to the rear of which there is an extension and further single storey buildings.
The front building has been converted into three self contained apartments. The rear sections have been converted into eight storage units occupied as three tenancies, together with a Mews Flat above Units 1, 2 and 3 to the rear.
The buildings are of 9” brick construction under a probably slate covered, timber roof to the front section.
Part of the rear sections have been surfaced with concrete tiles. The windows are a mixture of wood casement together with some UPVC sections.
Two of the flats are approached from Wallis Street, with a further flat through the central archway. Storage Units 1, 2 and 3 are let to one tenant. Units 4, 5 and 6 are let to one tenant together with the Mews Flat. Units 7 and 8 are let as one unit. All the units are self
contained and have the benefit of a concrete surfaced communal yard shared by all the occupants.
To the rear of the site there is a canopy over Units 7 and 8 and the Mews Flat, providing unloading cover.
Disclaimer Note & Money Laundering - These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
Brochures
12028 - 54-58 Wallis Street, Old Basford, Nottingh- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 34950885. 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 FHP Living, West Bridgford. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.





