1-5 Main Street, Bulwell, NG6 8QH

LOCATION:
The property is situated in the Nottingham suburb of Bulwell, which is approximately four miles to the northwest of Nottingham city centre. Bulwell is a popular town with a large established retail core.

The property is located on Main Street, which is the main Bulwell thoroughfare and the unit benefits from a high volume of traffic passing.

The property is situated opposite the Bulwell Riverside Medical Centre, which is the primary medical centre in the town.

DESCRIPTION:
The ground floor is predominantly open plan with rear staff facilities and stores.

The first floor provides self-contained offices (via a separate entrance) which have been subdivided to provide the following:-

- Individual office suites
- Meeting room
- Reception
- Two kitchenettes / WC's

ACCOMMODATION / ESTIMATED RENTAL INCOME:

Ground Floor 156.3 sq m (1,682 sq ft) - Est Rent £18,000 PA

First Floor 133.9 sq m (1,441 sq ft) - Est Rent £10,000 PA

TOTAL 290.2 sq m (3,123 sq ft) £28,000 PER ANNUM

TENURE:
Freehold with vacant possession.

PRICE:
The property is available to purchase at:- £250,000 Freehold
which reflects a net initial yield of 10.9% after deducting purchaser's costs of 2.6% (based on the ERV's).

RATEABLE VALUE:
Ground Floor: £15,750
First Floor: £9,500

PLANNING:
E (Commercial, Business and Service)

The property could be suitable for alternative uses, subject to obtaining the necessary planning consents.

There is a lapsed planning consent for the first-floor offices to be converted into 3 x 1 bed, self-contained flats. Further information can be obtained via Nottingham City Council's planning portal under reference 18/01704/PFUL3.

VAT:
Vat is not applicable to the purchase price.

EPC:
C

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