Available
Nottingham – Cafe
2A Station Road, Long Eaton, Nottingham NG10 1GLVirtual Freehold Retail Investment
Price
£70,000
Rent P.A.
£7,280
Yield
10.40%
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
5y 10m
Area
710 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor retail shop t/a cafe
- Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience store.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises mid-terrace ground floor shop t/a cafe, providing the following accommodation and dimensions:
Ground Floor: 66 sq m (710 sq ft)
Open plan cafe, Kitchen, WC
Ground Floor: 66 sq m (710 sq ft)
Open plan cafe, Kitchen, WC
Tenancy Description
The shop is at present let to an Individual (with personal guarantor) for a term of 6 Years 11 Months from 20th December 2023 at a current rent of £7,280 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in December 2027 with min 6 months notice. Rent review in December 2026 open market upward only. Deposit held of £1,220.
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.