99 Derby Road, Nottingham, Nottinghamshire, NG1
- SIZE AVAILABLE
1,795 sq ft
167 sq m
- SECTOR
2 bedroom mixed use property for sale
Key features
- 2 RESIDENTIAL FLATS
- 1 RETAIL UNIT
- FRONTAGE TO DERBY ROAD
- INCOME PRODUCING
- CITY CENTRE LOCATION
Description
The property comprises a tenanted, mid-terraced, property that is arranged over four floors to provide a single retail unit at ground floor level, a one-bedroom, self-contained flat on the first floor, and a two-storey, two-bedroom flat occupying the second and third floors.
Each flat benefits from independent access via a shared yard area located to the rear of the property.
Access to the rear is gained via an adjacent, open, rough-surfaced car parking area.
Please note that this car parking area is not included within the title of the property.
Location
The property forms part of a tertiary retail frontage within a suburban area on the western periphery of Nottingham, approximately 0.8 km (0.5 miles) from the central retail district.
The professional and office quarter of the city centre lies immediately to the south, with the highly regarded Park Estate residential area situated to the south-west.
The property is in keeping with the character of the surrounding area.
Nottingham is centrally located within the UK and benefits from excellent transport links. The city lies adjacent to the M1 motorway and is served by East Midlands Airport, providing domestic and international connectivity. Nottingham train station, located to the south of the city centre, offers direct services to London St Pancras in approximately 1 hour and 40 minutes.
Business Rates
99 Retail Shop Ratable Value: £6,400
For further information regarding rates payable and small business rates relief, please contact Nottingham City Council.
Planning
We understand that the property has Planning Consent for its existing use.
For further information on planning and use, please Contact Nottingham City Council Planning Control Department.
Terms
The premises are available to purchase with the benefit of the occupational tenancies
Tenancy
The ground floor retail is let by way of a 10-year lease from June 2018.
The 2 flats are let by way of separate assured short hold tenancies. The annual rental income is as follows:
99 Derby Rd (GF Retail) - £10,000 PAX
99b Derby Rd (1F Flat) - £13,020 PAX
99a Derby Rd (2F, 3F Flat) - £14,400 PAX
TOTAL - £37,420 PAX
PRICE
Offers are invited for the premises subject to the occupational leases.
Services
We understand that electricity, water, gas and drainage are connected to the premises however we recommend that interested parties contact the relevant service providers to confirm this.
VAT
We have been informed that Value Added Tax (VAT) is not applicable to the purchase price.
EPC (Energy Performance Certificates)
A copy of the existing building's Energy Performance Certificate can be obtained from the Agents
Legal Costs
Each party will be responsible for their own legal costs incurred in this transaction.
Viewing
Strictly by prior appointment with the Sole Agents Musson Liggins Ltd.
Contact
Matthew Wade BSc (Hons) MRICS
Brochures
99 Derby Road, Nottingham, Nottinghamshire, NG1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Trent University Tram Stop0.3 miles
- Royal Centre Tram Stop0.4 miles
- High School Tram Stop0.5 miles
Notes
Disclaimer - Property reference 99DerbyRd. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Musson Liggins Limited, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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