8 High Street, Hucknall, Nottingham, Nottinghamshire, NG15 7HD

  • 100% occupied
  • £15,000 per annum
  • Situated close to Hucknall town centre
  • New to market

Description

The property comprises a ground floor retail unit with a separate self-contained three bedroomed flat above. The ground floor is a Chinese takeaway within a parade of similar premises. It offers full height glass frontage secured by external roller shutter door.

The first floor consists of a three bedroomed flat which is accessed separately at the rear of the property. The property is currently occupied as a whole under one lease and presents a great investment opportunity for the following reasons:-

Fully occupied.
Long established tenants with perfect payment history with over 10 years left.
Popular location on Hucknall High Street.

Floor Area

The property has the following approximate dimensions and net internal floor area:-

Ground floor retail 53.3 sq m (574 sq ft)
First floor flat 73.28 sq m (789 sq ft)
Total 126.61 sq m (1,363 sq ft)

Location

The subject property is located close to the town centre of Hucknall, which is an established busy suburban retail location situated 6 miles north-west of Nottingham city centre.

The premises occupy a prominent position in the south-east on the main high street. Nearby occupiers include Lloyds TSB, Barclays Bank, Costa Coffee as well as various national estate agents.

Tenure

The freehold sale is subject to the existing tenancies. The current lease is held by Quing Hua Chen commencing 31 October 2011 for a term of 20 years expiring on 30 October 2031. The current passing rent is £15,000 per annum with a 5 yearly review pattern and the next rent review falling due on 30 October 2024.

Offers are invited in excess of £175,000.

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.

Legal Costs

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

Your contact at NG is;

Ellis Cullen, Direct Dial: 0115 989 7097


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