Available
Stapleford – Nail Salon & 2-Bed Flat
64/64A Derby Road, Stapleford, Nottinghamshire NG9 7ABFreehold Retail & Residential Investment
Price
£260,000
Rent P.A.
£19,800
Yield
7.62%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
9y 7m
Area
1,582 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop t/a Nail Salon and 2-bedroom flat at first floor
- Property benefits from large yard at rear, as well as outdoor space at front
- Occupiers close by include Ladbrokes, Boots, Halifax, KFC, Sainsbury’s and many others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor shop with large rear yard and self-contained residential flat at first floor, accessed from the side of the building and providing the following accommodation and dimensions:
Ground Floor Shop: 75 sq m (807 sq ft)
Open plan retail, kitchen, storage, garden
First Floor Flat: 72 sq m (775 sq ft)
2 bedrooms, kitchen, living room, bathroom
Total GIA: 147 sq m (1,582 sq ft)
Ground Floor Shop: 75 sq m (807 sq ft)
Open plan retail, kitchen, storage, garden
First Floor Flat: 72 sq m (775 sq ft)
2 bedrooms, kitchen, living room, bathroom
Total GIA: 147 sq m (1,582 sq ft)
Tenancy Description
The retail shop is at present let to Nail Art Nottingham Ltd for a term of 10 Years from 30th July 2024 at a current rent of £12,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 30.07.29 open market upward only. Tenant option to determine on 30.07.29 with minimum 6 months notice. Deposit held of £3,000.
The flat is at present let on AST to an Individual for a term of 6 Months from 12th June 2023 at a current rent of £7,800 p.a. Deposit held of £650.
The flat is at present let on AST to an Individual for a term of 6 Months from 12th June 2023 at a current rent of £7,800 p.a. Deposit held of £650.
Tenancies & Accommodation
Location Description
Stapleford is located some 5 miles to the south-west of Nottingham, one of the major commercial centres of the East Midlands. Junction 25 of the M1 Motorway is some 2 miles to the west of the town centre. The property is situated on Derby Road, opposite its junction with Victoria Street in the centre of Stapleford. Occupiers close by include a new Iceland Store, Farm Foods, JD Wetherspoons, Sainsbury's Local, Lloyds Bank, Greggs, Ladbrokes and a large Co-operative Food supermarket, as well as a number of local traders.
