Sneinton Dale, Nottingham, Nottinghamshire, NG2

Mixed use INVESTMENT OPPORTUNITY situated in a popular area producing £37,920 Per Annum Exclusive across three residential apartments, a ground floor shop and a single detached garage let on an informal basis. The ground floor is occupied by Ladbrokes Betting and Gaming Limited with over 9 years remaining on the current lease and the residential parts, on standard AST's; full leases can be provided to any interested party. The property reflects a yield of 8.8% on asking price.

Viewing is strictly by appointment.

LOCATION

The property occupies a prominent corner position in the heart of Sneinton Dale, Nottingham with easy access into the City Centre and Railway Station. Neighbouring properties comprise a range of retail outlets fronting on to Sneinton Dale with the wider areas predominately made up of residential properties.

ACCOMMODATION

The accommodation is arranged over three storeys and
offers a retail shop together with staff facilities to the ground floor, two
residential units on the first floor and a further residential unit to the second floor. The commercial and residential parts are independently accessed. Floor plans are attached showing the extent
of the accommodation.

SERVICES

Main services are connected to the property. The service installations have not been tested by the
agents and any interested parties should make their own enquiries into the
suitability.

TENURE

185 Sneinton Dale (Ground
Floor) - Let to Ladbrokes Betting & Gambling Ltd at a passing rent of £14,000
Per Annum for a contractual term from 25th March 2023 to 24th
March 2033 with a review and break at the fifth year anniversary.

Flat 1A Barnston Road – Let on a 6 month AST dated 10th
Nov 2023 at a passing rent of £650 PCM.

Flat 1B Barnston Road – Let on a 6 month AST dated 17th
Oct 2022 at a passing rent of £550 PCM.

Flat 1C Barnston Road – Let on a 6 month AST dated 23rd
Oct 2023 at a passing rent of £750 PCM.Furthermore, we understand that the garage is let on an informal arrangement at £10 per week.

RATES

The ground floor has a rateable value of £11,250 and each
of the flats fall under council tax band A.

ENERGY PERFORMANCE CERITICATE

The property is subject to the following Energy Performance Certificates:185 Sneinton Dale - EPC rating B valid until 3rd April 2029. Flat 1A Barnston Road – EPC rating E valid until 6th October 2028.Flat 1B Barnston Road – EPC rating D valid until 6th October 2028.Flat 1C Barnston Road – EPC rating D valid until 6th October 2028.

LEGAL COSTS

Each party is responsible for their own costs incurred
throughout this transaction.

VAT

We understand that VAT will not be charged on the sale
price.

LOCAL AUTHORITY

Nottingham
City Council.

VIEWING

Viewings are strictly by appointment only.