TYPEMixed use, Residential, Restaurant/Cafes, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st February 2019
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.