Retail property (high street)
Features and description
- Ground Floor Retail Unit
- First Floor Accommodation
- Excellent Investment Opportunity
We are pleased to offer to auction this excellent investment opportunity with this commercial hair salon with studio and beauty room providing potential rental income of between £650-£700 per calendar month and a two bedroom first floor flat currently let out at £450 per calendar month. The ground floor hair salon provides a hair studio open plan to a second hair studio area, a beautician room, a fitted kitchen and a separate WC. To the first floor is a deceptively spacious flat featuring an open plan lounge and modern fitted kitchen, two good sized bedrooms and a modern white bathroom suite. To the lower ground floor of the premises is a basement cellar with three storage areas. Outside to the rear is an attached garage which provides potential rental income of £500 per annum.
Situated in the popular town of Nelson, this property offers easy access to the town centre, well regarded schools and convenient amenities. The property is also well located for bus links and commuter routes
Please note we have not inspected this property.
Rooms
Location
Situated in the popular town of Nelson, this property offers easy access to the town centre, well regarded schools and convenient amenities. The property is also well located for bus links and commuter routes.
Accommodation
The ground floor hair salon provides a hair studio open plan to a second hair studio area, a beautician room, a fitted kitchen and a separate WC. To the first floor is a deceptively spacious flat featuring an open plan lounge and modern fitted kitchen, two good sized bedrooms and a modern white bathroom suite. To the lower ground floor of the premises is a basement cellar with three storage areas. Outside to the rear is an attached garage.
Tenure
Leasehold. Title number LA867329
Date : 19 September 1913
Term : 999 years from 1 May 1913
EPC
196 - We are currently awaiting a copy of the energy performance certificate.
196a - Available upon Request (Rating E).
Council Tax
196a - Band A
Rateable Value
The current rateable value is £2,950 as of 1 April 2023.
Sourced by VOA.
Tenancy Details
The retail unit is being offered with vacant possession although should achieve between £650-700pcm once tenanted. The flat upstairs is currently let at £450pcm, in addition there is a lettable garage space that could generate and additional £500pa.
Total potential income approx £14,000pa
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Floorplan