Acquired
Nottingham – Beauty Salon
2B Station Road, Long Eaton, Nottingham NG10 1GLVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
3y 2m
Area
1,022 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor shop t/a beauty salon
- Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience stores.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises mid-terrace ground floor shop t/a beauty salon, providing the following accommodation and dimensions:
Ground Floor: 95 sq m (1,022 sq ft)
Open plan seating, 2 Rooms, Kitchenette, WC
Ground Floor: 95 sq m (1,022 sq ft)
Open plan seating, 2 Rooms, Kitchenette, WC
Tenancy Description
The property is at present let to an Individual for a term of 6 years and 11 months from 23 March 2021 at a current rent of £8,500 per annum and the lease contains full repairing and insuring covenants. Rent review on 28.02.25 (open market). Tenant option to determine on 28.02.25 with minimum 6 months notice. Deposit held of £725.
Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.
Tenure:
Long leasehold. Held of a 999 years lease from 1st January 2016 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Long Eaton is a town in the Erewash district of Derbyshire, England, just north of the River Trent, about 7 miles (11 km) south-west of Nottingham and some 8.5 miles (13.7 km) south-east of Derby. The main road through the town forms part of the A6005 and junction 25 of the M1 motorway is on its north-western border. The area around the traffic island in the town centre is called The Green by locals. Long Eaton railway station is on the Midland Main Line. The Erewash Canal passes through the town. There are bus services to the nearby cities of Nottingham and Derby, which depart every few minutes. Other local services include the East Midlands Airport.
