Acquired
Nottingham – Vacant Shop & Occupied Flat
7/7a Carlton Road, Nottingham, Nottinghamshire NG3 2DGFreehold Shop and Residential Investment
Investment Consideration
- Occupying a prominent roadside location
- Convenient location, close to city centre
- Comprises ground floor shop and a self-contained four-bedroom flat on the first and second floor
- In a growth location with new developments nearby
- Occupiers nearby include Motorpoint Arena, Pistachio, amongst other local traders
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property is arranged as a ground floor shop and a self-contained four-bedroom flat on the first and second floor.
The property provides the following accommodation and dimensions:
No. 7 (Ground Floor Shop): 54.64 sq m (588 sq ft)
No. 7A (First/Second Floor Flat): 111 sq m (1,195 sq ft)
The property provides the following accommodation and dimensions:
No. 7 (Ground Floor Shop): 54.64 sq m (588 sq ft)
No. 7A (First/Second Floor Flat): 111 sq m (1,195 sq ft)
Tenancy Description
The shop is at present vacant, we have been told that the Vendor is negotiating a new lease for £5,700 p.a. The first floor residential flat is at present let on an AST to an individual for a term of 12 months since 2017 (Holding Over) at a current rent of £5,700 per annum.
Tenancies & Accommodation
Location Description
Nottingham is a city in Nottinghamshire, England and has a population of 321,500. Part of the East Midlands region, it is 128 miles (206 km) north of London and 45 miles (72 km) northeast of Birmingham. To the west lies Derby, separated by the M1 motorway.
