Retail premises for sale in 142 Hucknall Road, Nottingham NG5

£295,000 (£491.67/sq. ft)
600 sq. ft*
Interested in this property? Call +44 115 774 8849 * or Request Details

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Property description



Location
The property occupies a prominent location on Hucknall Road, a main arterial route connecting Nottingham city centre with junction 26 of the M1, the east midlands and all routes North. The property is located just 1.5 miles from Nottingham City Centre, Hucknall Road is a busy main road with excellent transport links to the city centre.

Description
The property comprises a ground floor commercial unit, currently trading as a cafe. There is separately accessed residential accommodation above with 4 bedrooms.

The commercial element comprises of a main retailing area with full height glazed bay window to the front. It also benefits from a rear kitchen and prep area, basement, W/C and rear enclosed yard providing alternative rear access to the property for deliveries, plus external storage.

The residential accommodation spans the first and second floor and comprises of 4 double bedrooms, 3 of which are en-suite and the 4th bedroom has it's own private bathroom accessed off the communal landing. The property has a fully fitted shared kitchen/diner and snug to the first floor. The property benefits from GCH, double glazing and has a valid hmo licence issued by Nottingham City Council.

Accommodation
Retail Unit
Main Area: 41.8sqm / 450 sqft
Kitchen: 13.9sqm / 150 sqft

W/C


Residential Accommodation
Communal Kitchen/Diner: 12.2sqm / 132sqft
Snug: 4.5sqm / 48sqft
Room 1: 8sqm / 87 sqft plus private bathroom
Room 2: 9.9sqm / 107 sqft plus en-suite
Room 3: 13.7sqm / 148 sqft plus en-suite
Room 4: 13sqm / 140 sqft plus en-suite

terms
The ground floor shop is let on a 5 year lease which commenced in April 2017, and achieves an annual rent of £9000 exclusive of rates and utilities.

All residential rooms are currently let to professionals at the following rents. All residential rents are inclusive of utilities and council tax.
Room 1 - £430pcm - 6 month ast from January 2018
Room 2 - £430pcm - 6 month ast from February 2018
Room 3 - £425pcm - 9 month ast from February 2018
Room 4 - £450pcm - 6 month ast from December 2017

The total annual rental income from the residential element is £20,820

outgoings
We are verbally advised by the Business Rates Department of the local council that the premises are assessed as follows:

Rateable Value: £4,900
Multiplier (2018/19): 0.480
Rates Payable: £2,352

Interested parties are advised to confirm these figures directly with Nottingham City Council. The property may be subject to Small Business Rates Relief - further information at .

The residential element falls within Council Tax Band A, which was charged at £1307.56 for the 2018/19 year.

Legal costs
Each party is to bear their own legal costs.

Viewing
For further information and to arrange access for an onsite inspection please call Hannah Owens of Rex Gooding Estate Agents on or email .

Property info

Floorplan(s): Floorplan 1

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Nearby transport

  • Nottingham (2.0 miles)
  • Bulwell (2.4 miles)
  • Carlton (3.3 miles)
  • East Midlands Airport (12.3 miles)
  • Robin Hood Airport (35.1 miles)
  • Birmingham International Airport (43.8 miles)
  • Hull Ferry Terminal (64.4 miles)
  • West Lynn Ferry Landing (66.3 miles)
  • King's Lynn Ferry Landing (66.4 miles)

Nearby schools

View all schools in Nottingham
  • Carrington Primary and Nursery School (0.1 miles)
  • Claremont Primary and Nursery School (0.2 miles)
  • Djanogly Sherwood Academy (0.3 miles)
  • FUEL (0.2 miles)
  • Take 1 Learning Centre (0.9 miles)
  • Unity Academy (1.1 miles)
  • Nottingham Free School (0.3 miles)
  • Jamia Al-Hudaa Residential College (0.6 miles)
  • Djanogly City Academy (0.7 miles)
Note: Distance is shown as a straight line measurement

Local info for Nottingham

About the neighbours in NG5

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

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For more information about this property, please contact
Rex Gooding Estate Agents, NG2 on +44 115 774 8849 * (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 Rex Gooding Estate Agents, and do not constitute property particulars. Please contact Rex Gooding Estate Agents 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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