Property for sale
Property description & features
- Tenure: Freehold
- Three Storey Commercial Property
- Ideal Investment Opportunity
- Part Vacant/ Part Let
- Potential Income Circa £25,320 P.A.
- Freehold
INCOME PRODUCING COMMERCIAL OFFICES. CONVERSION OPPORTUNITY (STP)
Palace Auctions are excited to bring to the market this excellent opportunity to acquire this commercial property located in Eastwood, Nottingham. This property is ideal for investors with the potential to achieve a high rental income. Sitting in a prime location this property has a high rate of footfall making this the perfect location for a new or a current running business.
A three storey commercial premises is in a prominent location.
Situated on Mansfield Road close to the junction with Nottingham Road and surrounded by other local business premises.
Arranged as commercial space to the ground floor with serviced office above.
Ground floor commercial space and four serviced offices above along with two shared kitchens and three shared wcs.
The ground floor is let at £550 per calendar month/£6,600 per annum on a seven-year lease.
The two upper floors are currently vacant. The estimated rental value of each office is £90 per week/ £4,680 per annum.
The total estimated rental income once fully let circa £25,320 per annum.
We are informed the upper floors could be converted to residential flats under permitted development. Buyers are advised to seek verification of this from the local planning authority. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
A great investment in a popular and convenient location.
Key Features
1. Three Storey Commercial property
2. Ideal investment opportunity
3. EPC Rating: D
4. Part vacant/Part let
5. Potential income circa £25,000
Tenure: Freehold
EPC Rating: D
BUYER’S PREMIUM
Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s
premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference Chesterhouse. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Palace Auctions - South Shields.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 1, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.