High Street, Hucknall, Nottingham, NG15 7HG

£375,000

LOCATION
The property occupies a prominent trading position in the heart of Hucknall High Street, approximately 7.5 miles North of Nottingham town centre.

DESCRIPTION
A unique chance to purchase a fully-let mixed use investment property situated in a prominent position on Hucknall High Street. The property briefly comprises a ground floor retail unit, a one bedroom flat and a two bedroom duplex flat. The current annual income of the property is £31,600 which reflects a yield of 8.4% based on asking price. The retail unit is let on an FRI lease to a national company which provides a strong covenant and the two flats are occupied on periodic tenancies.

SERVICES
All mains services are connected to the property.

TERMS
The property is available to purchase freehold, with the benefit of the following incomes:

Commercial unit: £22,000 per annum

Residential units:
34a: £4,500 per annum
34b: £5,100 per annum

OUTGOINGS
Rateable Value: £15,000.
Uniform Business Rate for 2018/19: £0.480.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to the local council.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

LEGAL COSTS
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

PLANNING
Interested parties are advised to make their own enquiries to the local planning authority in respect of planning proposals if any change of use is envisaged.

VIEWING
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.

Our next auction is on 1st October 2019

Have you got a property that you would like to sell at Auction?

We are currently taking new instructions

PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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