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Commercial properties for sale in Elder Street, NG17

Create Alert 9 results Sorry, we currently do not have any listings for sale in 0 miles of Elder Street, NG17 - Please find below the nearest listings available.
Under OfferFor sale: £450,000.00
New
Property Type Investment
Availability For Sale
Size 3144 sqft
Energy Performance Rating N/A

LOCATION
Hucknall, with a population of some 29,000, is a market town situated some 6 miles north of Nottingham city centre, approximately 129 miles north of London and 18 miles northeast of Derby. The town is located on the A611, adjacent to the M1 motorway, midway between Junctions 26 and 27. The premises itself is situated on Portland Road at the junction of Wyburn Street opposite the Royal Oak Public House. Nearby occupiers include Coop Funeral Care, a hairdresser, kitchen showroom and café. There have recently been a number of large developments in the area by Bellway Homes, Harron Homes and Mccarthy & Stone which should assist the store turnover.

KEY POINTS
Single storey detached convenience store located in a densely populated residential area
Dominant alone corner sited store
Let for 16.5 years with no breaks to the substantial covenant Martin McColl Limited
Total current rents reserved £28,329 per annum, rising to £34,533 per annum in November 2029
Fixed uplifts at 2% pa throughout
Net initial yield of 6.03% with a reversionary yield in April 2024 to 6.65%
Offers in excess of £450,000

ADDITIONAL INFORMATION
The property is a single storey detached brick built premises under a flat roof. The store is arranged over the ground floor with ancillary space to the rear. There is ample unrestrictive on-street car parking in Wyburn Street and off street to the front of the building.

Ground (Sales) 1,846sq ft 171.5 sq m
Ground (Ancillary) 1,298 sq ft 120.5 sq m
Total NIA 3,144 sq ft 292 sq m

TENURE
Freehold.

TENANCY
The property is let to Martin McColl Limited for a term of 16.5 years from the 18th May 2018 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £27,500 per annum. The vendor will top the rent to £28,329 per annum from completion until 18th November 2019 by way of a reduction in the purchase price.

RENT
Year Rent Reversionary Yield

18th November 2024 £31,278 pa 6.65%
18th November 2029 £34,533 pa 7.35%

COVENANT
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at:

http://www.mccolls.co.uk/investor.

EPC
The property has an EPC rating of D81. A copy of the EPC is available on our website.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

PROPOSAL
We are instructed to seek offers in excess of £450,000 (Four Hundred and Fifty Thousand Pounds) subject to contract for the freehold interest, which reflects a net initial yield of 6.03% assuming purchaser's costs at 4.47%.
McColl's Convenience Store- Hucknall
Type: General Retail, Retail
Location: McColls, 141 Portland Road, Hucknall, Nottingham, Nottinghamshire, NG15 7SB
Size: 3144 Sq Ft
Images: 4
Brochures: 1
View Property
For Sale£515,000.00
New
Property Type Investment
Availability For Sale
Size 3207 sqft
Energy Performance Rating This property has been graded as C 60

McColl's Convenience Store with 3 bedroom flat

LOCATION
Kiveton Park Village is approximately 11 miles south east of Sheffield and 2.6 miles from Junction 31 of the M1 Motorway and is located on the B6059. The village is served by two railway stations: Kiveton Bridge and Kiveton Park. The Chesterfield Canal lies to the south, while the villages of Todwick and South Anston are to the north and east. The premises itself is situated on Wales Road close to the junction of Walesmoor Road in a dominant position serving a densely populated residential area.

KEY POINTS
Part single and part two storey detached convenience store and 3 bedroom flat
A dominant stand alone store located in an attractive residential area
Let on an overriding lease for 16.5 years with no breaks to the substantial covenant Martin McColl Limited
Total current rents reserved £33,480 per annum rising to £40,812 per annum in 2029
Fixed uplifts at 2% pa throughout
Offers in excess of £515,000
Net initial yield of 6.21% with a reversionary yield in November 2024 to 6.85%

ADDITIONAL INFORMATION
The property is a part single and part two storey detached building. The store is arranged over the ground floor with large ancillary and staff accommodation to the rear. A training area and staff rooms are located on part of the 1st floor whilst there is also a self contained 3 bedroom flat on another part first floor over the rear area of the ground floor shop. There is ample off street car parking available and a small site to the rear.

Ground Floor (Sales) 1,695 sq ft 157 sq m
Ground (Ancillary) 955 sq ft 89 sq m
First Floor (Taining Area) 560 sq ft 52 sq m
First floor (3 Bedroom Flat) - -
Total NIA 3,207 sq ft 298 sq m

TENURE
Freehold

TENANCY
The property is let to Martin McColl Limited for a term of 16.5 years from the 18th May 2018 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £32,500 per annum. The vendor will top up the rent to £33,480 per annum from completion until 18th November 2019 by way of reduction in the price.

RENT
Year Rent ReversionaryYield

18th November 2024 £36,964 pa 6.07%
18th November 2029 £40,812 pa 6.70%

COVENANT
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at http://www.mccolls.co.uk/investor.

EPC
The property has an EPC rating of C60. A copy of the EPC is available on our website.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

PROPOSAL
We are instructed to seek offers in excess of £515,000 (Five Hundred and Fifteen Thousand Pounds) subject to contract for the freehold interest, which reflects a net initial yield of 6.21% assuming purchasers costs at 4.76%.
McColl's Convenience Store and Residential Investment
Type: Residential, General Retail, Flat, Retail
Location: Mc Coll's Convenience Store, 131 Wales Road, Sheffield, S26 6RB
Size: 3207 Sq Ft
Images: 4
Brochures: 1
View Property
For Sale£1,500,000.00
New
Nottingham city centre retail investment opportunity let to C & J Clark International Ltd.
The property is let on a full repairing and insuring lease to C & J Clark International Ltd, for a term of 15 years at a current passing rent of £112,500 per annum.
Offers in the region of £1,500,000 which reflects a net initial yield of 7.07%, assuming purchasers costs of 6.10%.

LOCATION:
Nottingham is considered to be the commercial capital of the East Midlands and is one of the UK’s busiest retailing destinations. The city is located 51 miles (82 km) north east of Birmingham, 110 miles (177 km) north of London, 27 miles (43 km) north of Leicester and 43 miles (69 km) south of Sheffield.

The city is well connected in terms of transport communications with close proximity to the M1 motorway which lies 4 miles (6.4 km) to the west of the city linking Leeds in the North with Leicester and London in the south.

Nottingham Railway Station provides regular services to London St Pancras with a fastest journey time of 1hr 40 mins. Leicester and Birmingham can also be reached within 26 mins and 1hr 14 mins respectively. In addition, the city is well served in terms of buses and the Nottingham Express Transit Tram system which provides a quick and easy way to get across the city. The Tram is currently being extended due to its success.

East Midlands Airport is situated 13 miles (21 km) south west of the city centre providing direct flights to nearly 90 destinations and is the 10th busiest airport in the UK in terms of passenger traffic.

SITUATION:
The property is situated on Wheeler Gate at is junction with Lister Gate, which forms one of the major retailing thoroughfares in the city.

Wheeler Gate and Lister Gate are home to national retailers/operators including M&S, Specsavers, Sainsburys, McDonalds and Blacks. In addition to traditional A1 operators there has been a recent demand in the vicinity for A3 occupiers.

The property’s location not only forms one of the main shopping pitches but it also acts as part of the North/South axis for both shopper, tourists and commuters accessing the city from the south leading through the centre and up to the Victoria centre in the north.

The location is set to benefit from the further improvements of the Broadmarsh area redevelopment.

We’ve attached two GOAD plans to assist with referencing.

DESCRIPTION:
The property occupies a prominent corner position with return frontage to Wheeler Gate and Hounds Gate.

Internally, the accommodation is arranged over basement, ground, first and second floors with the main retailing areas at ground floor and part first floor. The remaining upper floors and basement provide storage and office space.

FLOOR AREAS:
The net internal floor areas we have obtained are as follows:-

Basement: 131.32 sq m (1,414 sq ft)
Ground Floor: 117.04 sq m (1,260 sq ft)
First Floor: 145.32 sq m (1,564 sq ft)
Second Floor: 140.17 sq m (1,509 sq ft)
TOTAL: 533.85 sq m (5,747 sq ft)

The gross internal floor area of each floor is 177.0 sq m (1,905 sq ft).

Shop fit plans are available.

TENURE:
Freehold.

TENANCY:
The property is let on a full repairing and insuring lease to C & J Clark International Limited for a term of 15 years from 1st February 2011. The current passing rent is £112,500 per annum.

The lease allows for a rent reviews every five years and there is a tenant only break option at the end of the 10th year.

A copy lease is available.

COVENANT INFORMATION:
C&J Clark International Limited is a British-based, international shoe manufacturer and retailer. It has over 1,000 branded stores worldwide and is a subsidiary of C&J Clark (Holdings) Limited. The company offer a wide range of footwear serving a diverse target audience, ranging from young children to elderly customers.

C&J Clark International Limited:-

03/02/2018 - GBP
Turnover: 820,400,000
Pre-Tax Profit: (3,700,000)
Shareholders’ Funds: 267,100,000

31/01/2017 - GBP
Turnover: 885,600,000
Pre-Tax Profit: 36,400,000
Shareholders’ Funds: 332,200,000

31/01/2016 - GBP
Turnover: 935,400,000
Pre-Tax Profit: 72,600,000
Shareholders’ Funds: 363,300,000

C&J Clark International Limited has an Experian Credit Rating of 92 of 100. The trading website is https://www.clarks.co.uk/

PROPOSAL:
We are instructed to seek offers in the region of:-

£1,500,000
(One Million Five Hundred Thousand Pounds)

Which reflects a net initial yield of 7.07%, assuming purchasers costs of 6.10%.

INVESTMENT CONSIDERATIONS:
• Nottingham is the 4th best UK retail destination and the capital of the East Midlands
• The property is let to the strong covenant of Clarks with 7 years to expiry and c.2 years to break
• The tenant has been in occupation for over 15 years
• The unit is well configured with a return frontage and prominence to both Wheeler Gate and Lister Gate
• Prominent position close to the dominant M&S
• The upper floors could be converted to residential/student accommodation in due course (subject to planning and vacant possession)
38-40 Wheeler Gate, Nottingham NG1 2ND
Type: Retail, General Retail, Retail - High Street
Location: 38-40 Wheeler Gate, Nottingham, NG1 2ND
Size: 5747 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£1,450,000.00
ADDRESS: The Chesterfield Hotel, Malkin Street, Chesterfield, Derbyshire, S41 7UA
• Freehold with vacant possession
• Former 73 room hotel
• Extensive function and leisure facilities with grand Ballroom • Large car park
• Opposite Chesterfield train station
• Development potential (subject to planning) with A3 on ground floor facing station
LOCATION
Chesterfield is a busy market town lying to the south east east of the Peak District National Park, 24 miles to the north of Derby and 11 miles south of Sheffield. The town lies along the west side of the M1, 5 miles from J29 via the A617 dual carriageway link, and the A619 to J30. There are excellent train services across the country with a shortest journey time of 1 hour 45 minutes to London, as well as direct services to Manchester, Liverpool, Newcastle and Penzance. Chesterfield is also a proposed HS2 stop, and extensive regeneration of the town is planned as a result, including the £340m mixed-use Chesterfield Waterside development
SITUATION
The property occupies a prominent block upon the edge of the town centre, fronting Malkin Street, and facing the main rail station. The property lies alongside and overlooking the A61 with a pedestrian footbridge link into the centre. The hotel car park is currently on a temporary letting, and there is an aerial tower on the roof. The proposed Chesterfield Waterside scheme will lie opposite the property.
DESCRIPTION
The property comprises a substantial detached former hotel, dating from the late 1800's with later extensions, set within a sloping island site of 0.33 acres, with parking for circa 60 cars. The property is arranged over a lower ground floor which includes a swimming pool, gym and leisure facilities, ground floor with reception, bars, ballroom, restaurant and other function rooms, and a lift and several stair wells serving two upper floors arranged on split levels around a large central light well and smaller side light wells, there are 73 letting rooms.
PLANNING
Informal planning guidance indicates that the property could be suited to a variety or mix of uses in the future that encompass business, leisure, residential and entertainment, including restaurant, events venue, sports facilities, hotel, studios, offices as well as student or private residential. Interested parties should satisfy themselves prior to bidding that they have made all reasonable inquiries.
TENURE: Freehold

Lower Ground : Leisure and storage : Pool, gym and leisure facilities
Ground Reception, bar, public rooms Ball room, large restaurant, kitchens, function rooms
1st & 2nd floors Accommodation 73 bedrooms, (38 dble, 19 twin, 16 single)
Car park Let on a rolling 6 month licence £24,000 pa
Roof mast Let upon an agreement expiring 12/2021 £9,276.52 pa reviewable 5 yearly
PRICE: Offers in excess of £1,450,000
Freehold Vacant Hotel – Chesterfield
Type: Residential, Hotel, Leisure
Location: The Chesterfield Hotel Malkin Street, Chester Street, Chesterfield, S40 1DL
Images: 10
Brochures: 1
View Property
For Sale£400,000.00
Investment and development opportunity in Bulwell town centre.
• Fully let to Nottingham Van Sales Ltd at £30,000 PA until 25/11/2021.
• Suitable for alternative uses and redevelopment upon expiry of the lease.
• Situated at a prominent and busy intersection opposite Tesco and Lidl

Location:
The opportunity lies in Bulwell which is approximately 2.5 miles from Nottingham city centre and has a population of c.16,500 people as of the 2011 census.

The subject site comprises 0.28 acres situated directly opposite the new LIDL and existing Tesco Extra store on Main Street, Bulwell.

The site has an excellent frontage to Main Street and the location is at the main intersection with Jennison Street, which provides direct access to the LIDL and Tesco.

Description:
The property is split into two distinct parts, the first part is a single storey open plan showroom with pitched roof and return frontage glazing to Merchant Street.

The second part which is interconnected to the first, comprises a brick-built showroom with rear stores and loading underneath a flat roof.

Externally, there is car parking and loading and access which is accessed directly off Minerva Street.

Accommodation:
754.75 sq m (8,124 sq ft)

Occupational Lease:
The property is let on a full repairing and insuring lease to Nottingham Van Sales Ltd at a rent £30,000 per annum, from 26 Nov 2018 until 25 Nov 2021.

The lease is contracted out of the Landlord and Tenant Act and there is a landlord only break in May 2020.

Price:
The property is available to buy at a level of:- £400,000
which equates to a net initial yield of 7.2% when allowing for purchasers costs at 4.18%.

Planning:
A1 Retail.

EPC:
D - 80
303-321 Main Street, Bulwell, Nottingham NG6 8ED
Type: Retail, Light Industrial, General Retail, Showroom, Industrial, Other Property Types & Opportunities
Location: 303-321 Main Street, Nottingham, NG6 8ED
Size: 8124 Sq Ft
Images: 4
Brochures: 1
View Property
For Sale£950,000.00
Retail Investment Opportunity.
• Well located retail parade opposite Wilkos & Wetherspoons in Arnold town centre.
• Unbroken retail block.
• Central location in one of Nottingham's most popular suburban towns.
• Historic long term commercial tenants currently in situ.

Location:
Arnold is one of Nottingham?s premier suburban towns and is located approximately five miles north of Nottingham city centre. The town has a residential population of close to 40,000 persons and is well represented in terms of national multiple retailers.

The property is very prominently located at the junctions of Nottingham Road and Arnot Hill Road and is situated opposite a well trading Wilkos and Wetherspoons. The parade is also close to Arnold?s Market Place, which will shortly be undergoing redevelopment to provide a new public event space and a new market facility.

Description:
The property comprises a two-storey building constructed of brick elevations under a flat roof.

The ground floor of the property comprises four retail units, which are all let on commercial leases, whilst the majority of the first floor is let to a gym operator.

The property has significant frontage to both Nottingham Road and Arnot Hill Road and benefits from a rear service yard, accessed from Arnot Hill Road, which also leads to a block of six small garages, three of which are let.

Tenancy Details:
The leases are all drawn on full repairing and insuring terms via a service charge mechanism, details of which are available from the sole selling agents.

Total rental income £84,756

SEE FULL TENANCY SCHEDULE ON SALES PARTICULARS.

Investment Considerations:
• Unbroken block of commercial property close to Arnold town centre.
• Located in a very prominent position on the corner of two major roads within the town.
• Historic tenants, many of whom have been in situ for fifteen to twenty years.
• Low rentals with room for rental increases.
• Low risk profile investment due to low rentals and number of units within the block.
• Abundance of free town centre car parking within easy walking distance.

Price:
The asking price is:
£950,000
(Nine Hundred and Fifty Thousand Pounds)
which reflects a net initial yield of 8.44% after purchaser?s costs of 5.69%

VAT:
We understand that the transaction will be treated as a TOGC.

Further Information:
Please contact the sole agents with regards to further information including further lease details and inspections of the property.
98-102 Nottingham Road, Arnold, Nottingham NG5 6LF and 2-4a Arnot Hill Road, Arnold, Nottingham NG5 6LJ
Type: Retail, General Retail
Location: 98A Nottingham Road, Arnold, Nottingham, Nottinghamshire, NG5 6LF
Images: 5
Brochures: 1
View Property
Under OfferFor sale: £185,000.00
Residential Investment Opportunity For Sale.
Semi detached building comprising three self contained flats.
Recent refurbishment including new kitchens and bathrooms.
To be sold with full vacant possession, previously let at £15,600 per annum.
Very well located in busy Hyson Green area.

Location:
The property is located on Gregory Boulevard close to its junction with Radford Road in the heart of the Hyson Green area of Nottingham.

Within the immediate vicinity there are a wealth of amenities including health centre, Asda supermarket and local shops. Nearby there is also a tram stop providing easy access into the city centre.

Description:
A traditional end terraced property set over three storeys which has been converted to provide three self-contained flats. In addition there is a rear garden and cellar.

Rental Income:
The property is to be sold with full vacant possession but has recently been let at the following:-

Flat 1: £450 pcm
Flat 2: £425 pcm
Flat 3: £425 pcm

Flat 1 - Ground Floor
Living Room 3.98m x 3.49m
Kitchen 3.04m x 2.93m
Bedroom 4.07m x 3.82m (plus bay)
Bathroom 3.34m x 1.92m

Flat 2 - First Floor
Living Room 3.80m x 3.19m (plus bay)
Kitchen 4.05m x 3.45m
Bedroom 3.80m x 2.51m
Bathroom 3.05m x 2.32m

Flat 3 - Second Floor
Living Room 3.77m x 2.89m
Kitchen 3.45m x 2.16 (max)
Bedroom 2.81m x 2.31m
Bathroom 2.52m x 1.38m

All flats have their own electricity supply and meter.

Price:
The property is available to purchase at a price of:- £185,000

EPC:
Flat 1: F
Flat 2: E
Flat 3: E
57 Gregory Boulevard, Nottingham NG7 5JA
Type: Residential, Flat, House
Location: 57 Gregory Boulevard, Nottingham, Nottinghamshire, NG7 5JA
Images: 9
Brochures: 1
View Property
For Sale£2,750,000.00
Modern, multi-let office building in attractive setting
• 3,381 sq m (36,392 sq ft)
• Part air conditioned with good on-site car parking
• Pleasant working environment adjacent to the M1 (J27)

Location:
1 Oakwood Court is located on the popular and well-established Sherwood Business Park. It is set within a ‘parkland’ setting, and this well-regarded business park offers convenient access to the M1 Motorway at the adjacent J27.

Nottingham city is within easy reach (6.5 miles), as are the conurbations of Derby, Mansfield, Chesterfield and Sheffield.
Other major occupiers include E.ON, Pendragon Motor Group, L’Oréal, Rolls-Royce, Zeppelin and Prolog.

The nearby Mour Hotel provides a good quality restaurant / bar facility, with the Lakeside Café offering further onsite catering.

Description:
Modern open plan office building arranged over ground and first floor level, offering a high standard of accommodation with passenger lift, raised access flooring and air-conditioning to part. The building currently comprises 6 separate suites. Externally there is a good ratio of parking at 167 spaces – 1 space per 218 sq ft.

Accommodation:
3,381 sq m (36,392 sq ft)

Net Internal Area (Offices). In addition, there is a generously sized general reception / lobby area.

Tenure:
Virtual freehold – 999 years from 1995 subject to a peppercorn rent.

Let to Yusen Logistics (UK) Limited, Arco Limited and Team 17 Digital Limited, with an average weighted unexpired term of 2.77 years to expiry and 2.42 years to break.

Total current passing rent of £188,796 per annum exclusive.

Two large vacant office suites provide significant asset management and value add opportunity. A full tenancy schedule is available upon request.

Offers invited in the region of £2,750,000, reflecting a net initial yield of 6.43%, a reversionary yield of 11.77% and a low capital value per sq ft of £75.57 per sq ft.

Service Charge:
A service charge is payable by the tenants in addition to the rent.

VAT:
Vat is applicable.

EPC:
Ground Floor: B - 43
First Floor: Survey awaited

VIEWING:
heb Surveyors
Robert Maxey
T: 0115 979 3496
E: rmaxey@heb.co.uk

(Or through the joint agents)

JLL (Birmingham)
Nick Wood
T: 0121 6346549
E: Nicholas.Wood@eu.jll.com
1 Oakwood Court, Sherwood Business Park, Nottingham NG15 0DR (Preliminary Details)
Type: Office, Business park, Offices
Location: 1 Oakwood Court, Little Oak Drive, Nottingham, NG15 0DR
Size: 36392 Sq Ft
Images: 4
Brochures: 2
View Property
For Sale£1,400,000.00
Prominent mixed use investment opportunity in Nottingham city centre
• Total gross income approx. £121,324 per annum and offers are invited in the region of £1.4 m
• Two ground floor commercial units with three x six bedroom flats on the upper floors
• Asset management angles to improve the income profile

Location:
The property is located in Nottingham city centre and occupies a prominent position on Lower Parliament Street at its intersection with Broad Street.

The property is in close proximity to the Intu Victoria Centre and nearby occupiers include Argos, Wilko and Ladbrokes to name but a few and in addition there is a significant amount of residential accommodation in close proximity.

Description:
The subject property comprises a four storey mixed use property with two ground and basement level restaurant and take away units, with three upper floors comprising of three large apartments.

Both the ground floor units have been recently refurbished and are let to well known and established local operators.

The three upper floor apartments are accessed from their own self contained entrance and all three apartments have 6 bedrooms with associated kitchen, lounge, WC and bathroom facilities.

Tenancy Information:
See full tenancy Information on page 2 of the attached sales particulars.

A sample tenancy agreement can be provided upon request.

Price:
Offers are invited in the region of:-
£1,400,000
One Million Four Hundred Thousand Pounds

A full breakdown of the costs are available upon request from the selling agents.

VAT:
The property is not elected for VAT.

EPC:
An EPC has been commissioned.

Viewing:
Please contact the selling agents for viewing arrangements.
30-34 Lower Parliament Street, Nottingham NG1 3DA
Type: Mixed use, Residential, Restaurant/Cafes, Other Property Types & Opportunities
Location: 30-34 Lower Parliament Street, Nottingham, NG1 3DA
Images: 8
Brochures: 1
View Property
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