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164 Porchester Road, Mapperley, Nottingham, NG3 6LG

Lot no: 21 Sold After Auction for £135,000
 

Guide Price £130,000+ plus fees


Wednesday 14th December 2016

11.30am
Key Features
  • Large mixed use investment property
  • Vacant commercial unit to ground floor with two flats above
  • Two flats currently let at a total income of £725 pcm
  • Potential rental income circa £17,000 per annum when fully let
  • EPC Rating: 164 Porchester: G, Flat 1 and 2: G
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Sold After Auction for £135,000

Semi-detached house

Property Description:

DRAFT DETAILS

Large mixed use investment property, providing commercial premises on the ground floor and two residential flats on the upper floors. The property is situated in a prominent trading position of a busy road close to local shops, schools and public transport links. There is also potential to convert the ground floor into residential flats. (subject to necessary planning consents). Currently the two flats to the upper floors are let at £350 pcm and £375 pcm and the ground floor is vacant. Potential high yielding investment opportunity achieving approximately £17,000 per annum when fully let. Superb investment opportunity.

In brief the accommodation comprises:

Ground Floor:
Commercial Premises
Shop Floor

12ft 8 x 11ft 2
With upvc double glazed window to front aspect.

Inner Lobby
Rear Shop Floor Area

12ft 10 x 14ft 5
Having upvc double glazed window to side.

Office/Kitchen Area

9ft 8 x 7ft 9
With range of base units, single drainer sink uni.

Separate WC

Having low flush wc, wall mounted wash hand basin.

Lean-to Conservatory

9ft 7 x 6ft 4

First Floor:

Studio Flat One (currently producing £350 pcm) comprising:
Lounge/Bedroom

13ft 5 x 8ft 9
Having electric heater, upvc double glazed window to front aspect.

Kitchen

9ft 8 x 5ft
With one wall mounted unit, range of base units, single drainer sink unit with tiled splashback areas, obscure glazed window.

Shower Room

Having shower cubicle with shower unit and attachment, low flush wc, wall mounted wash hand basin.

Flat Two (currently producing £375 pcm) comprising:
Lounge/Kitchen 12ft 4 x 11ft 6

With range of base units, twin wall mounted unit, electric radiator, single drainer sink unit, four ring electric hob, electric oven, upvc double glazed window to front aspect.

Shower Room

Having low flush wc, shower cubicle with shower unit and attachment. Wall mounted wash hand basin.

Staircase to second floor leading to:
Bedroom One

14ft 3 x 13ft 8
Having radiator, upvc double glazed window to rear aspect.

Tenure:

Freehold. Part let/part vacant.