Land for sale in Town Street, Pinxton, Nottingham NG16

Guide price £390,000 (£3,900/sq. ft)
Land for sale 100 sq. ft*
Interested in this property? Call +44 191 686 1492 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Two storey detached property
  • 7x self contained apartments
  • 5 out of 7 apartments tenanted
  • Current annual income of 27,240
  • Nine parking spaces
  • Freehold title

Property description

Summary

For sale by online auction: Terms and conditions apply.

We are pleased to offer to auction this two storey detached property, ideally located in an established residential area along Town Street, Pinxton, Nottingham. Formerly a public house known as the Sun Inn, the property was converted in 2016 to seven self-contained apartments, which are all finished to a very high standard and conform to all building regulations. All the apartments are unique due to the architecture of the original building, and are accessed via a keypad in the front porch. The property benefits from nine parking spaces to the front, and patio, decking and cycle storage to the rear. Five out of seven apartments are currently let, generating a total annual income of 27,240. When all apartments are let the potential income is 38,880PA.

Please note that we have not inspected this property.

Location

The subject property is prominently located along Town Street, a main road leading throughPinxton Village and adjacent to the M1. To reach the property, from J28 M1/ A38 take the B6019 towards South Normanton and then take the first left signed B6019 Pinxton, which climbs up and over the A38. Keep to the main road and follow it for 0.7 miles. You will find the Sun Inn apartments set back on your left just 150m after the traffic lights.

Accommodation

Ground floor
Apartment one: 39.5sqm
Kitchen with ceramic hob, integrated oven, Howdens units with tiled splashback, laminate flooring and spotlights. Window to side.
Living room with window to front
Double bedroom with window to front and en-suite shower room with W.C.

Apartment two: 40.5sqm
Kitchen/lounge with ceramic hob, integrated oven, Howdens units with tiled splashback, laminate flooring and spotlights. Patio doors to rear.
Double bedroom with window to rear and en-suite shower/W.C.

Apartment three: 34.0sqm
Kitchen/lounge with ceramic hob, integrated oven, Howdens units with tiled splashback, laminate flooring and spotlights. Windows to rear and side.
Double bedroom with window to rear and en-suite shower/W.C.
Door to rear and private patio area.

Apartment four: 38.5sqm
Kitchen/lounge with ceramic hob, integrated oven, Howdens units with tiled splashback, laminate flooring and spotlights. Window to front.
Double bedroom with window to front and en-suite shower/W.C.


First floor


Apartment five: 40.0sqm
Kitchen with ceramic hob, integrated oven, Howdens units with tiled splashback, laminate flooring and spotlights. Vaulted ceiling, windows to rear.
Double bedroom with window to rear
Shower room with W.C.
Storage cupboard

Apartment six: 57.0sqm
Kitchen with ceramic hob, integrated oven, Howdens units with breakfast bar, tiled splashback, laminate flooring and spotlights. Window to front.
Double bedroom with window to front.
Double bedroom with window to front.
Spacious shower room with W.C.

Apartment seven: 45.0sqm
Kitchen with ceramic hob, integrated oven, Howdens units with tiled splashback, laminate flooring and spotlights. Windows to rear, side and front.
Double bedroom with window to rear and en-suite shower/W.C.

Lease Details

Five out of seven of the apartments are currently let on AST terms, at the following rents.
Apartment one: 430PCM
Apartment two: 460PCM
Apartment three: 430PCM
Apartment four: Currently vacant, but previously achieved 470PCM
Apartment five: 500PCM
Apartment six: Currently vacant, but previously achieved 500PCM
Apartment seven: 450PCM
The current combined income of all flats is 27,240 per annum.
The potential annual income when all apartments are let is 38,880.

Tenure

Freehold. Title number DY425970.

Council Tax

All apartments are of council tax band A.

EPC

All EPCs are available upon request.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Property info

Floorplan(s): Ground Floor First Floor

Ground Floor View original

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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