125 To 127 High Road, Beeston, Nottingham, Nottinghamshire, NG9 2LH

  • 100% occupied
  • £22,920 per annum
  • Prospects for rental growth
  • Newly refurbished flats
  • Prime location
  • Excellent condition

Description

Comprising two ground floor retail units with separate self- contained flats above. 125 is fitted out as a laundrette and 127 is trading as a barbers.

The shops are in good condition and have been well maintained by both tenants. Both flats are accessed from the rear of the building. The flats are both one bedroom and are self-contained benefitting from separate utilities. The flats have been recently renovated. The owners also re-laid the roof in 2005.

The property presents a great investment opportunity for the following reasons:-

Prospects for rental growth
Well maintained so minimal spend required on updating /upkeep
Asset management opportunity
Vacant possession value would outstrip investment value so low risk
Long established tenants with perfect payment history
Add value opportunity

Floor Area

The following approximate floor areas have been calculated on a net internal basis in accordance with the RICS Code of Measuring Practice:-

No. 25
Ground floor retail space: 46.5 sq m (501 sq ft)
Residential: 40.0 sq m (429 sq ft)
No. 27
Ground floor retail space: 37.0 sq m (402 sq ft)
Residential: 40.76 sq m (439 sq ft)

Total NIA: 127.51 sq m (1,370 sq ft)

Location

The premises are prominently situated 3.5 miles west of Nottingham city centre on High Road which passes through Beeston town centre in an area of mixed use of commercial and residential properties.

Tenure

Freehold sale, subject to the existing tenancies.

Information on leases and assured shorthold tenancies are available upon request.

The price will be £285,000, representing an 7.8% net yield.

Our Anti-Money Laundering Policy
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.

Please refer to the full marketing particulars for information regarding the rental income and tenant profiles.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the transaction.

Your contact at NG is;

Sunny Landa, Direct Dial: 0115 989 7091


To find out more about this property, give us a call on 0115 958 8599