Key Information
- Total Size: 5,081 sq ft (472.04 sqm)
- Suitable for investors or owner occupiers
- Vacant Ground Floor & Basement with 4 apartments (3 x 2 bed, 1 x 1 bed) occupied on AST's (£28,020 pa)
- Within walking distance of NTU and Nottingham City Centre
- Please note an information pack is available containing floorplans, AST's, selective licenses, gas safeties, EPC's and further photos. Please contact the agent for access.
- £660,000
The property comprises of two three-storey terraced properties that have been combined to provide storage space in the basement, ground floor retail accommodation and residential flats above. The basement currently provides storage. There are a number of individual good-sized rooms on the ground floor. All rooms are well proportioned and benefit from natural light. There is also a w.c. on the ground floor. The upper floors comprise 4 flats (3 x 2 beds and 1 x 1 bed). All of the residential accommodation offers the amenities expected with this type of asset class, including bedrooms, lounge, kitchen and bathroom. Externally, there is a private drive to the rear with space for three to four cars to park dependent upon the size of the car.
Location
The property is located on Mansfield Road (A60) on the periphery of Nottingham city centre within an established commercial area. The main shopping and leisure amenities of the city centre are all within easy walking distance with the Victoria Centre almost being directly opposite and the Old Market Square and Nottingham Trent University being within a short walk. Mansfield Road (A60) is a principal arterial route providing access to Junction 26 of the M1 motorway c. 4.5 miles northwest. The property benefits from excellent transport links with the Nottingham NET Tram system running along Goldsmith Street/Waverley Street and with several bus routes running into and out of the city along Mansfield Road.
VAT
VAT is not applicable.
Rates
We understand the rating assessments are as follows: Basement Rateable Value: £1,300 Indicative Rates Payable 2025: c.£648.70 pa Ground Floor Rateable Value: £18,500 Indicative Rates Payable 2025: c.£9,231.50 pa (This information is given for guidance purposes only and prospective occupiers are advised to make their own enquiries with the VOA)
EPC
Available in the Information Pack
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
The ground floor has been measured on an NIA basis, the upper floors on a GIA basis in accordance with RICS Code of Measuring Practice, 6th Edition. All parties advised to carry out their own measured survey.
Planning
We understand the ground floor benefits from planning consent for Use Class E (Commercial, Business and Services use), making the premises suitable for uses such as a shop, café, office, clinics, health centre and day nurseries. We understand the 1st Floor has planning consent for a residential use (C3). It is noted that the property is located within the Arboretum Conservation Area. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).
Viewing
Viewings are by appointment with sole agents Innes England