Property for sale

52 - 56 Nottingham Road, Eastwood, Nottingham, NG16

£275,000

Property Description

Key features

  • Fully let investment.
  • Currently producing 23,000 per annum.
  • Asset management opportunity.
  • FOR SALE
  • Offers in the region of 275,000.

Full description

The premises comprise three ground floor retail units, of presumed solid brick construction. We are advised that a programme of refurbishment was previously undertaken in 2008.

Please note that first floor accommodation has already been sold off separately and is therefore not included within the sale.


Location

The market town of Eastwood lies in the Borough of Broxtowe, approximately 8.6 miles (13.8 km) north west of Nottingham, 2.4 miles (3.9 km) west of Heanor and 5.8 miles (9.3 km) to the south east of Ripley.

Eastwood is accessed via the A610 dual carriageway (Heanor to Ripley link road) which also provides direct access to J26 of the M1 motorway just 4.1 miles (6.6 km) to the south east.

The units form part of The Phoenix Centre located on Nottingham Road (A608); one of the main arterial routes through the town centre.

Eastwood town centre offers many local amenities to include banks, supermarkets and chemists.


Accommodation

The accommodation has been measured on a Gross Internal Area basis in accordance with the RICS Code of Measuring Practice (6th Edition).

52 Nottingham Road 47.9m2 / 516sq.ft
54 Nottingham Road 39.0m2 / 420sq.ft
56 Nottingham Road 45.1m2 / 485sq.ft

Net Internal Area 132.0m2 / 1,421sq.ft


Planning

We understand that the properties reside in Eastwood Town Conservation Area. The units are currently occupied under various planning use classes falling under A1 (Retail) and Suis-Generis. Interested parties are advised to contact the Local Authority to obtain further information with regards to planning permissions.

Services

We are advised that each retail unit benefits from mains water, electric and foul drainage connections.

Service Charge



Rates

The premises are currently listed as having the following Rateable Values;
52 Nottingham Road £5,200
54 Nottingham Road £4,800
56 Nottingham Road £6,200


Legal Costs

Each party are to pay their own legal costs in connection with the transaction.

VAT

It is our understanding that VAT is payable with this transaction. All figures quoted are exclusive of VAT. Purchasers must satisfy themselves as to the VAT position if necessary by taking the appropriate professional advice.

Viewing

Strictly by appointment with the joint agents BB&J Commercial.


More information from this agent

Listing History

Added on Rightmove:
29 January 2018

Nearest stations

  • Langley Mill (1.0 mi)
  • Ilkeston (2.7 mi)
  • Phoenix Park (4.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

BB&J Commercial, Derby

Joseph Wright House, 34 Iron Gate, Derby, DE1 3GA

01332 448086 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Langley Mill (1.0 mi)
  • Ilkeston (2.7 mi)
  • Phoenix Park (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

BB&J Commercial, Derby

Joseph Wright House, 34 Iron Gate, Derby, DE1 3GA

01332 448086 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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