Mixed Use
An extremely impressive and seldom available investment opportunity. Located within the busy and thriving high street of Beeston in Nottingham and currently generating an enviable rental income of £64k per annum.
This is an opportunity not to be missed and on offer is a superb return on investment against the guide price of over 9%.
This portfolio comes with longstanding tenants in situ and occupies an enviable corner plot comprising of two shops (CEX and White Rose) and two flats over. Also in place is planning permission to add an additional 4 flats above, additionally there is a service yard at the rear with return frontage where there is a possibility (STPP) of building more flats. This is an excellent opportunity to acquire an established investment with huge long-term potential.
Being located in a convenient location within Beeston High Street, positioned on a pedestrian street. Amenities and transport links are all within close proximity, as well as Nottingham University being within easy reach.
The portfolio in brief contains two commercial units with two flats above with each consisting of 2 bedrooms, living room, separate kitchen and bathroom.
68 High Road - Rented to White Rose, 900 sq ft at £22,800 pa with 8 years remaining on the lease.
68a High Road - AST in place with a rental income of £9,540 pa.
70 High Road - Rented to CEX, 1,500 sq ft at £28,000 pa with 3 years remaining on the lease.
70a High Road - AST in place with a rental income of £8,340 pa.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
