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This property is no longer on the market

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Retail property (high street)

Under offer
Retail property (high street)
2 beds
Added > 14 days

Features and description

  • Mixed use investment for sale
  • Ground floor shop let at £600pcm with 5 plus years remaining
  • First floor flat available with vacant possession
  • Offered for sale at £215,000
  • Situated within neighbourhood shopping parade
  • EPC - Shop TBC, Flat F:33

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INVESTMENT PROPERTY FOR SALE: Mixed commercial and residential property. Ground floor retail unit of 55.9 sq. m (602 sq. ft) let on the residue of a lease 24 November 2029 (approx 5+ years unexpired). There is a two bedroom flat over which is currently vacant. There is also a garage which will be sold with vacant possession.

The shop is let at £600 per calendar month, to be reviewed on 25 November 2026.

To view or for more details contact CP Walker & Son.

Location
The property is situated within a neighbour shopping precinct with a One Stop Convenience Store and Post Office, two food takeaways and a beautician. The subject property operates as a Specialist Massage and Therapy Centre. The surrounding area is densely populated housing.

Retail unit
A ground floor lock up retail unit providing 55.9 sq. m (602 sq. ft) which has been subdivided by the tenant to create a number of treatment rooms. There is a kitchen and WC facilities to the rear. The plan shows the general layout.

The unit is let to Mai Thai Massage Ltd at a rent of £600 per calendar month on internal repairing and insuring terms. The lease runs to 23rd November 2029 with a rent review due on 24th November 2026.

Residential Flat
A self contained two bedroom flat with access to the side of the property. A staircase leads up to the first floor flat with two bedrooms, living room and kitchen.

The flat us currently empty and is being sold with vacant possession.

Kitchen
Fitted kitchen with electric oven and hob, washing machine.

Living Room
Situated to the front of the property. Timber floor covering.

Bedroom 1
Situated to the front of the property with double aspect. Built in wardrobe.

Bedroom 2
Situated to the rear of the property. Dual aspect.

Bathroom
Bath with shower over, WC and wash hand basin.

Heating
Electric panel radiators.

Garage
Situated to the rear, accessed from the rear. To be sold with the benefit of vacant possession.

Terms
The property is offered for sale with the benefit of the lease of the retail unit. Offers invited in the region of £215,000.

Rates and Council Tax
The Rateable Value of the retail unit is £3,950. For businesses that qualify for the small business rates relief, no rates are payable. The Flat is Band A. The charge for 24/25 is £1,580 approx.

EPC Rating
The EPC Rating of the shop is TBC
The EPC Rating of the flat is F:33 (for further information on this please contact CP Walker & Son)
Copies of the EPC Certificates are available on request.

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.
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About this agent

CP Walker & Son - Nottingham
CP Walker & Son - Nottingham
107 High Road Beeston, Nottingham NG9 2JU
0115 691 9514
Full profileProperty listings
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.
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