High Street, Hucknall, Nottingham, NG15 7HG
The property occupies a prominent trading position in the heart of Hucknall High Street, approximately 7.5 miles North of Nottingham town centre.
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 £24,850 which reflects a yield of 7.3% 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.
All mains services are connected to the property.
The property is available to purchase freehold, with the benefit of the following incomes:
Commercial unit: £15,250 per annum plus VAT (tenant has occupied since 2006, 5 year lease renewal currently with solicitors)
34a: £4,500 per annum
34b: £5,100 per annum
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.
All figures quoted are deemed exclusive of VAT where applicable.
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.
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.
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.