property
DRAFT DETAILS
For Sale By Auction - Tuesday 5th November 2013
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Mixed use investment property
A2 retail unit on ground floor
2 x two bedroomed flats on first and second floors
Prominent location on Carlton Road, 1 mile from City Centre
EPC Rating: D
An excellent opportunity to acquire a freehold property on a prominent main road, approximately 1 mile from Nottingham City Centre. The parade includes numerous take-away uses as well as other retail uses and the surrounding area incorporates densely populated traditional housing. The property comprises a double fronted, ground floor, retail unit with an approximate floor area of 620 sq ft (57 sq m) and 2 x two bedroomed flats on the first and second floor. There is also a basement with storage area.
The two flats are accessed separately from the rear of the property and have been let on a long lease to the Nottingham Community Housing Association. The lease is for a term of 35 years from the 29th August 1993 (expiring August 2028). No rent is payable by NCHA but having been required to carry out the initial conversion to self contained residential units, they have a comprehensive repairing and insuring obligation.
The ground floor retail unit currently has A2 use (Financial and Professional Services). We have been informed that verbal enquiries with Nottingham City Council Planning Department have indicated that although the premises have a long established use for an A2 Financial and Professional Services use, change of use to A1 Retail would be permitted without the need for Planning Consent. Any interested parties should contact the Planning Department of Nottingham City Council on 0115 9155426 regarding any proposed use.
The ground floor was most recently let to Ladbrokes and has been fully refurbished on their vacation and has electrically operated roller shutters to the shop front. There is a small kitchen area and w.c. to the rear of the shop unit as well as rear access.
Ground floor approximate net internal floor areas:
Retail 57.67 m
