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8, Market Place, Nottingham, NG10 1LS

Three storey retail unit
Location: 8 Market Place, NG10 1LS
Property type: General Retail, Retail, Flat, Mixed Use, Residential, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Vacant
** UNSOLD – AVAILABLE AT £160,000 **

Three storey retail unit with full planning permission to convert the upper two floors into four apartments

Property Description
DRAFT DETAILS Superb opportunity to acquire a three storey retail unit, situated within the heart of the thriving Long Eaton town centre which offers an excellent range of amenities, ideally situated close to the A52 and M1 motorway and having easy access to Derby and Nottingham. The property has the benefit of full Planning Permission to convert the two upper floors into 3 x 1 bedroom apartments and 1 x 2 bedroomed apartment. Ideal investment opportunity. We are led to believe that the property may generate a gross annual income circa £39,000 gross when fully let. Planning permission was granted by Erewash Borough Council on 20th September 2018 under Reference: ERE/0718/0055 for change of use of the 2nd and 3rd floors from storage space above an existing retail unit to residential apartments (class C3 usage) and external alterations. We have been informed by the vendor that two flats have been planned on permitted development and two via the normal planning route, giving four flats in total. The accommodation currently briefly comprises:

Ground Floor
Downstairs Retail Unit
50ft 4 x 12ft 1

Rear Store Room
12ft 2 x 8ft 1

First Floor:
Landing
Open Plan Room
37ft 4 x 13ft 4

Further Room
12ft 8 x 12ft 4

Separate WC
Third Floor:
The auctioneers did not gain access to this floor.

Tenure
Freehold. Vacant possession upon completion.
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