Under Offer
Stapleford – Polish Delicatessen & Flat
64/64A Derby Road, Stapleford, Nottinghamshire NG9 7ABFreehold Shop and Residential Investment
Price
£240,000
Rent P.A.
£14,700
Yield
6.13%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
2,028 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprising a Polish Delicatessen with a self-contained flat above
- Town centre location
- Occupiers close by include Sainsbury's Local, Lloyds Bank, Greggs, Iceland Store, Farm Foods, JD Wetherspoons, Ladbrokes and a large Co-operative Food supermarket, as well as a number of local traders
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property is arranged as a Ground Floor Commercial Unit with a self-contained Flat on the First Floor. The property benefits from a garden to the rear and a canopy area of some 13.00 sq m (139 sq ft). Access to the flat is via the side of the property.
The property provides the following accommodation and dimensions:
Ground Floor: Gross Frontage: 5.80 m (19“)
Net Frontage: 4.05 m (13’4”)
Shop Depth: 11.85 m (38’10”)
Built Depth 19.00 m (62’4”)
First Floor: Flat - Comprises 3 Rooms, Kitchen and Bathroom. 79 sq m (850 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Gross Frontage: 5.80 m (19“)
Net Frontage: 4.05 m (13’4”)
Shop Depth: 11.85 m (38’10”)
Built Depth 19.00 m (62’4”)
First Floor: Flat - Comprises 3 Rooms, Kitchen and Bathroom. 79 sq m (850 sq ft)
Tenancy Description
The shop is at present let to A. Stepanovs trading as a Polish Delicatessen for a term of 5 years from 18th November 2019 at a current rent of £9,000 per annum with option to break at 3rd year. And the lease contains full repairing and insuring covenants. The first floor residential flat is at present let on an AST (holding over) to an individual at a current rent of £5,700 per annum
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.
