No longer on the market
This property is no longer on the market
Floorplan
MapRetail property (high street)
Retail property (high street)
1 bed
Features and description
- A mixed use property investment (retail shop with 1 bed studio flat over)
- Retail unit being sold with vacant possession
- Situated within the popular Chilwell High Road area of Beeston
- Flat being sold subject to tenancy at £500 pcm / £6000 pa
- Offers invited in the region of £175.000
- Shop EPC C:71. Flat EPC E:49
BACK ON THE MARKET FOLLOWING AN ABORTIVE SALE: Ground floor retail unit of 38.0 sq. m (409 sq. ft) with vacant possession. There is a one bedroom studio flat situated on first floors over let at £500 pcm.
The property is situated on Chilwell High Road close to the Chilwell Road tram stop. "Chilwell High Road" is a well established part of Beeston town centre with an eclectic selection of independent traders including arts and craft retailers, hair salons, neighbourhood retailers as well as take aways, restaurants and drinking establishments.
To view or for more details contact CP Walker & Son
commercial-property
Location
Beeston is a busy suburban centre situated 4 miles to the west of Nottingham City Centre. The Greater Nottingham Shopping Survey Beeston as the largest centre for the sale of comparison goods outside Nottingham City Centre and the most significant centre for main food trips in South Nottinghamshire. The Survey concluded that the success of the town centre was based on an attractive pedestrianised shopping environment and the abundance of parking facilities
The property is situated on Chilwell Road, part of the linear shopping area running along Chilwell Road, Beeston and High Road, Chilwell colloquially known as Chilwell High Road. The area has an interesting mix of specialist and neighbourhood retailers servicing the surrounding housing area and further afield.
The Tram service runs along Chilwell road with a stop very close to the property. There are Council car parks adjacent to the Chilwell Road Methodist Church and to the front of the Co-op Convenience store both within a short walk of the property. This provides free parking for shoppers for the first hour with nominal charges for one to three hour parking.
The Property
A centre terrace property providing retail accommodation on the ground floor with a 1 bed / studio style residential flat over. The retail unit is accessed from the front and there is a rear access to a small yard with garage / stores building at the rear for additional storage. The flat is accessed via the rear yard.
The ground floor shop is being sold with vacant possession. The first floor flat is being sold subject to a tenancy.
The Floor Plans show the general layout of the shop and flat.
Retail Unit 8.29m (27'2) x 3.5m (11'6) average
An open retail area to the front with half wall erected within the unit providing a part partitioned rear area. This can be removed if so required so the unit can be opened up to create a large shop area.
Rear Shop Area 4.41m (14'6) x 3.48m (11'5)
Rear ancillary area providing storage and kitchenette. Rear access to yard and external storage unit. WC accommodation off.
WC
Internal WC with wash hand basin.
External Store to Rear 3.04m (10') x 5.5m (18'1)
A garage type building providing additional storage.
Retail Unit Floor Areas
Front Sales Area: 26.8 sq. m (289 sq. ft)
Rear Ancillary Area: 11.1 sq. m (120 sq. ft)
Total NIA: 38.0 sq. m (409 sq. ft)
Rear External Store: 16.7 sq. m (180 sq.ft)
Residential Flat
A modern first floor studio style flat with entrance hall; modern good sized kitchen/diner with electric oven and hob; Shower room with w/c and lounge/bedroom to the front. Electric heating.
Bedroom / Living
Situated to the front of the property. Electric radiant heater.
Kitchen
Modern fitted dining kitchen with electric oven and hob, sink
Shower Room
Situated to the rear of the property, electric shower, WC and wash hand basin
Tenancies
The Shop is being sold with vacant possession. The Flat is let by way of a 12 month renewal tenancy from 20 August 2022 at a rent of £500 per calendar month. The tenant has been living in the property since August 2020.
Use
Retail unit: Class E (includes but not limited to retail, sale of food and drink for consumption (mostly) on the premises, financial and professional services, offices and light industrial uses). Flat: Class C3 residential use
Terms
The property is offered for sale with vacant possession of the shop and subject to the tenancy of the flat at £175,000. There is no VAT chargeable on the sale. Offers are invited by 12 noon on Wednesday 17th May 2023.
Business Rates and Council Tax
The Rates Payable for 23/24 are estimated at £1,847 (The Rateable Value figure is £3700). For businesses that qualify for the small business rates relief, there will be a discount reducing the amount payable to £nil.
The Flat falls in to Council Tax Band A
Further Information and Viewings
For more information or to view the property, contact Julie Sumner in our Commercial Property Department on Direct Line:[use Contact Agent Button] or by email [use Contact Agent Button] Viewing is by prior arrangement - contact us to arrange an appointment.
EPC Rating
The EPC Rating of the Shop is C: 71
The EPC Rating of the Flat is E: 49
Copies of the EPC Certificates are available on request.
The property is situated on Chilwell High Road close to the Chilwell Road tram stop. "Chilwell High Road" is a well established part of Beeston town centre with an eclectic selection of independent traders including arts and craft retailers, hair salons, neighbourhood retailers as well as take aways, restaurants and drinking establishments.
To view or for more details contact CP Walker & Son
commercial-property
Location
Beeston is a busy suburban centre situated 4 miles to the west of Nottingham City Centre. The Greater Nottingham Shopping Survey Beeston as the largest centre for the sale of comparison goods outside Nottingham City Centre and the most significant centre for main food trips in South Nottinghamshire. The Survey concluded that the success of the town centre was based on an attractive pedestrianised shopping environment and the abundance of parking facilities
The property is situated on Chilwell Road, part of the linear shopping area running along Chilwell Road, Beeston and High Road, Chilwell colloquially known as Chilwell High Road. The area has an interesting mix of specialist and neighbourhood retailers servicing the surrounding housing area and further afield.
The Tram service runs along Chilwell road with a stop very close to the property. There are Council car parks adjacent to the Chilwell Road Methodist Church and to the front of the Co-op Convenience store both within a short walk of the property. This provides free parking for shoppers for the first hour with nominal charges for one to three hour parking.
The Property
A centre terrace property providing retail accommodation on the ground floor with a 1 bed / studio style residential flat over. The retail unit is accessed from the front and there is a rear access to a small yard with garage / stores building at the rear for additional storage. The flat is accessed via the rear yard.
The ground floor shop is being sold with vacant possession. The first floor flat is being sold subject to a tenancy.
The Floor Plans show the general layout of the shop and flat.
Retail Unit 8.29m (27'2) x 3.5m (11'6) average
An open retail area to the front with half wall erected within the unit providing a part partitioned rear area. This can be removed if so required so the unit can be opened up to create a large shop area.
Rear Shop Area 4.41m (14'6) x 3.48m (11'5)
Rear ancillary area providing storage and kitchenette. Rear access to yard and external storage unit. WC accommodation off.
WC
Internal WC with wash hand basin.
External Store to Rear 3.04m (10') x 5.5m (18'1)
A garage type building providing additional storage.
Retail Unit Floor Areas
Front Sales Area: 26.8 sq. m (289 sq. ft)
Rear Ancillary Area: 11.1 sq. m (120 sq. ft)
Total NIA: 38.0 sq. m (409 sq. ft)
Rear External Store: 16.7 sq. m (180 sq.ft)
Residential Flat
A modern first floor studio style flat with entrance hall; modern good sized kitchen/diner with electric oven and hob; Shower room with w/c and lounge/bedroom to the front. Electric heating.
Bedroom / Living
Situated to the front of the property. Electric radiant heater.
Kitchen
Modern fitted dining kitchen with electric oven and hob, sink
Shower Room
Situated to the rear of the property, electric shower, WC and wash hand basin
Tenancies
The Shop is being sold with vacant possession. The Flat is let by way of a 12 month renewal tenancy from 20 August 2022 at a rent of £500 per calendar month. The tenant has been living in the property since August 2020.
Use
Retail unit: Class E (includes but not limited to retail, sale of food and drink for consumption (mostly) on the premises, financial and professional services, offices and light industrial uses). Flat: Class C3 residential use
Terms
The property is offered for sale with vacant possession of the shop and subject to the tenancy of the flat at £175,000. There is no VAT chargeable on the sale. Offers are invited by 12 noon on Wednesday 17th May 2023.
Business Rates and Council Tax
The Rates Payable for 23/24 are estimated at £1,847 (The Rateable Value figure is £3700). For businesses that qualify for the small business rates relief, there will be a discount reducing the amount payable to £nil.
The Flat falls in to Council Tax Band A
Further Information and Viewings
For more information or to view the property, contact Julie Sumner in our Commercial Property Department on Direct Line:[use Contact Agent Button] or by email [use Contact Agent Button] Viewing is by prior arrangement - contact us to arrange an appointment.
EPC Rating
The EPC Rating of the Shop is C: 71
The EPC Rating of the Flat is E: 49
Copies of the EPC Certificates are available on request.
About this agent
The Company was founded back in 1896 by Charles Potter Walker, principally to manage properties that had recently been constructed by members of his family. The Company diversified into insurance soon afterwards, originally collecting premiums from shopkeepers along Beeston High Road and from the traders at Nottingham's Wholesale Fruit and Vegetable Market. Over the years, CP Walker & Son has continued to evolve and expand into new markets. This has resulted in the firm's particularly diverse client base. We pride ourselves in offering the same high quality service and advice to all our clients irrespective of whether they be a large international company, a national or local business, or an individual. This is coupled by a willingness to adopt a flexible approach to respond to the real needs of our clients, ensuring that we maintain an individual service to build an ongoing relationship.