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£350,000

Retail property (high street) for sale

78-80 High Road, Beeston, NG9 2LF

£350,000

Retail property (high street) for sale

78-80 High Road, Beeston, NG9 2LF

Description

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Property features

  • Retail investment (2 shops, 1 restaurant plus vacant 1st fl premises)
  • Ground floor units at at £7,500 per annum each producing a total of £22,500 pa
  • First floor unit previously a hairdressers but potential for office or residential use
  • Situated on pedestrianised shopping thoroughfare in Beeston town centre

Property description

Investment property for sale: Two adjoining retail units fronting on to the pedestrianised High Road. Third retail unit / restaurant situated within the yard to the rear of the property. Retail units all let and producing £7,500 per annum each.
The first floor premises was formerly used as as hairdressing salon but is now vacant and in need of refurbishment. There is the potential to change the use of the first floor to office or residential use.

The properties are situated in the heart of Beeston town centre. This is an interesting opportunity for an investor / developer looking to create a first class investment. To view of for more details, please contact CP Walker and Son.

78 High Road (Linen Box)
A ground floor retail unit providing 282 sq ft (26.2 sq. m). There is an open sales area. There is a shared WC in the stairs to the rear if the property. The floor plan attached shows the general arrangement.

The shop was let on a 9 year lease from 29 September 2000 on internal repairing and insuring terms. The tenant is currently holding over on a periodic tenancy. The current rent payable is £7,500 per annum.

80 High Road (Mister Smoke)
A ground floor retail unit providing 250 sq ft (23.2 sq. m). There is an open sales area with partitioned ancillary accommodation to the rear. There is a shared WC in the stairs to the rear of the property. The floor plan attached shows the general arrangement.

The shop was let on a 3 year lease from 1 September 2013 on internal repairing and insuring terms. The tenant is currently holding over on a periodic tenancy. The current rent payable is £7,500 per annum.

First Floor 78-80 High Road
First floor premises previously used as a hairdressers, now vacant. Extends to 566 sq. ft (52.6 sq. m). The premises would benefit from internal improvement. There is potential to alter the use to office or residential use subject where necessary to planing permission.

Rear Restaurant 78b High Road (Nosh)
A single storey building situated within the rear yard area. Provides 707 sq. ft (65.7 sq. m) of restaurant, kitchen and stores.

The property is let by way of a 7 year lease from 27 August 2015 on FRI terms at a rent of £7,500 per annum.

Tenancies
The retail unit at 78 High Road is holding over on a IRI lease at a rent of £7,500 per annum

The retail unit at 80 High Road is holding over on a IRI lease at a rent of £7,500 per annum

The first floor premises at 78-80 High Road is currently vacant and in need of improvement / potential for alternative uses.

The rear restaurant at 78b High Road (Nosh) is let by way of an FRI lease for 7 years from 27 August 2015 at £7,500 per annum.

Terms
The investment is available to purchase at £350,000.

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.

EPC Rating
The EPC Rating of the 78 High Road is n/a

The EPC Rating of the 80 High Road is n/a

The EPC Rating of the first floor 78-80 High Road is tbc

The EPC of 78b High Road is tbc

Map

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Nearby services within a 3 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Floor plans

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Call 0115 691 9514

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Property reference 16169. 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. This property advertisement does not constitute property particulars. The information is provided and maintained by CP Walker & Son - Nottingham. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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