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AGENT'S DETAILS


30-32 Market Place, Long Eaton, Nottingham NG10 1LT

For sale: £500,000.00|3712 Sq Ft|Residential, Retail, Office, Offices, Flat, General Retail, Retail - High Street, Restaurant/Cafes

PROPERTY DETAILS

FOR SALE£500,000.00
SIZE3712 Sq Ft
ADDRESS30-32 Market Place, Long Eaton, Nottingham NG10 1LT
TYPEResidential, Retail, Office, Offices, Flat, General Retail, Retail - High Street, Restaurant/Cafes
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON15th February 2021

DESCRIPTION

INVESTMENT / DEVELOPMENT OPPORTUNITY.
Part income producing town centre retail & office investment, with potential for upper floor conversion.
Two ground floor shops.
First floor office, suitable for residential conversion.
Two second floor flats.
Total 344 sq m (3,712 sq ft).
Prominent city centre location.

LOCATION:
The property is prominently located on the retail pitch within the market town of Long Eaton, which is midway between Derby and Nottingham, and has a population of around 35,000 people.

DESCRIPTION:
The property comprises two ground floor shops (one of which is currently let) whilst the first floor provides office accommodation and the second floor comprises 2 x 2 bedroomed flats, which are currently vacant.

The first floor has the opportunity to be converted into 2 x 2 bedroomed flats.

ACCOMMODATION:
Ground Floor: (30 Market Place) 60.5 sq m (651 sq ft)
Ground Floor Sales: (32 Market Place) 49 sq m (527 sq ft)
First Floor: 116.5 sq m (1,254 sq ft)
Second Floor: 119 sq m (1,280 sq ft)
TOTAL: 344 sq m (3,712 sq ft)

TENURE:
Freehold, subject to the ground floor lease of 32 Market Place.

RENTAL INCOME / ERV
Ground Floor: 30 Market Place: Current Rent/ERV PA - £15,000 - Vacant shop.

Ground Floor: 32 Market Place: Current Rent/ERV PA - £11,000 - Tenanted shop. Lease expires in 2032.

First Floor Offices: Current Rent/ERV PA - £12,000 - Can be converted into 2 x 2 bed flats.

Second Floor: Current Rent/ERV PA - £8,000 - 2 x vacant flats.

TOTAL: £46,000

PRICE:
The property is available to purchase freehold.
Offers over:
£500,000 Freehold
(Five Hundred Thousand Pounds)

VAT:
Vat is not applicable to the purchase price.

EPC:
EPC's have been commissioned.

VIEWINGS:
Please contact the sole agents to arrange a viewing.

LOCATION

Location: 30-32 Market Place, Long Eaton, Nottingham NG10 1LT

Long Eaton (1.1 miles)

Attenborough (1.7 miles)

Beeston (3.1 miles)

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