Key Information
- GIA: 1,410 Sq Ft (130.98 Sq M)
- Prominently positioned on Ilkeston Road (A609)
- Close proximity to University of Nottingham Jubilee campus
- Conditional planning permission granted for conversion of upper floors to three-bed HMO (C4 Use)
- £225,000 for the Freehold.
The property comprises a 3-storey building of brick construction beneath a part pitched and part flat roof. The ground floor provides a fully fitted hot food takeaway unit with a glazed frontage onto Ilkeston Road. Internally, the takeaway is configured to include an open-plan customer service area to the front with a kitchen, WC, and preparation and storage space to the rear. The upper floors are configured as a self-contained two-storey apartment, accessed via a separate entrance to the rear of the property on Albert Grove. The first floor features a kitchen, lounge, shower room, and two bedrooms located on the second floor. However, planning permission has been obtained to provide a 3-bed HMO.
Location
Situated in a prominent location in Radford, just one mile west of Nottingham city centre, the property is well-placed for both Nottingham Trent University and the University of Nottingham, which are located just 0.7 and 0.8 miles away, respectively. The surrounding area offers a mix of residential and commercial uses, benefiting from a range of local amenities such as Tesco, Dominoes, Subway and Lidl. A bus stop is directly outside the property, and there is convenient access to the A52 (Derby Road) and the Ring Road.
VAT
VAT is not applicable.
Rates
From enquiries of the Valuation Office Agency (VOA) website we understand that each unit has the following assessment: Rateable Value: £5,500 Indicative Rates Payable: £2,744.50 per annum. It is understood that some parties may benefit from small business rates relief and therefore may not incur any business rates payment which could suit a potential occupier. All parties are advised to make their own enquiries of the Valuation Office Agency (VOA).
EPC
The premises have an EPC assessment of: Ground Floor (commercial): B - 39 First & Second Floors (residential): F -25
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition. All parties are advised to carry out their own measurements.
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. Conditional planning permission was granted in June 2024 (Ref: 24/00494/PFUL3) for the conversion of the upper floors into a 3 bed House of Multiple Occupation (HMO) for Use Class C4. This offers an attractive opportunity for investors or owner-occupiers seeking residential income or mixed-use potential, subject to compliance with planning conditions. (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