Mixed Use
The site comprises seven commercial units and one residential unit with potential for a gross income of circa £62,000 per annum. The current income is £48,100 per annum. The accommodation comprises the following:
Trading as ‘Burgundys’ Take-Away and News Agency. The building comprises a single storey brick-built unit surmounted by a flat roof appearing to have been recently replaced. The unit benefits from roller shutters and has a prominent frontage with ample parking via a bay running adjacent to Nuthall Road. The proximity to the motorway provides constant passing trade. The unit is configured with trade counter and separate kitchen area along with external male and female WC and extends approximately 700 sq.ft.
Is a yard extending to approximately 1,000 sq.ft. which has a concrete slab floor and benefits from secure sliding metal gates and a highly prominent frontage along Nuthall Road. There is a steel framed portacabin office on site (not inspected) appearing to be in good condition and benefitting from roller shutters. There is an electric supply to the yard and we feel it would suit a variety of uses commanding somewhere in the region of £600 per calendar month. We have been verbally advised there is also planning consent for a flower cabin and would advise interested parties to inspect the local councils planning portal for more information.
Of brick construction fronting Nuthall Road. The apartment is situated above Unit 1 and accessed via an external staircase leading to:
Leading to
13' x 9'
9' x 14'
7' x 14'
9' x 12'
13' x 20' with large balcony area
12' x 12 '
The accommodation is finished to a very high standard and has electric wall heating and uPVC double glazed windows. There is ample parking in the yard area below.
Located below the residential accommodation is occupied by a car repairs business MMT Performance. The unit is brick built and benefits from twin roller shutters, three phase electric connection and is configured with two bay areas, WC and office extending approximately 1,200 sq.ft. in total.
Comprises a modern steel frame portacabin with gated parking for approximately three vehicles. The portacabin extends to approximately 320 sq.ft. and is configured with two office areas and a WC.
Comprises a modern industrial unit of block construction benefitting from three phase electric connection, roller shutters and WC, extending to approximately 730 sq.ft.
Comprises a modern industrial unit of block construction benefitting from three phase electric connection, roller shutters and WC, extending to approximately 730 sq.ft. This unit has just been let on a one year lease.
Comprises a modern industrial unit of block construction benefitting from three phase electric connection, roller shutters and WC, extending to approximately 730 sq.ft. The unit is occupied by a car window tinting company with a partition wall having been erected creating separate trade / service area.
Access to the units and the residential unit is via a service road leading from B6008 road.
The site is located along Nuthall Road close to the island leading to the M1 motorway which lies approximately one mile to the east. Nottingham city centre is less than two miles away. The immediate area comprises mainly residential dwellings.
We understand that the site is Freehold and subject to the following leases. We would advise interested parties to inspect the legal pack for more information.
659 Nuthall Road - Subject to an FRI lease with a 12-year unexpired term paying £8,200 per annum.
Yard next to 659 Nuthall Road - Vacant.
Three Bedroomed Apartment fronting Nuthall Road - occupied on an AST contract with a 5 year term paying £675 per calendar month.
Unit 1 - Occupied by MMT performance on a 10 year FRI lease commencing 01/01/21 with current rent passing £9,000 per annum.
Unit 2 - Occupied by DJ Passenger transport on a 15 year FRI lease with current rent passing of £7,200 per annum.
Unit 3 - Vacant.
Unit 4 - Recently let on a one year lease at £8,400 per annum.
Unit 5 - Occupied by Project Wraps Ltd on a 5 year lease commencing 01/01/21 current rent passing £7,200 per annum.
We understand that VAT will not be chargeable.
Strictly by arrangement with the auctioneers.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
