Investment Now Let The Nook, New Tythe Street, Long Eaton, Nottingham, Derbyshire

NG10 2DL

£445,000 for the Freehold (please check the VAT status)

2,497 Sq Ft (232.0 Sq M)

Residential Investment - Now Let - please contact the office to discuss your requirement.
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Residential Investment - Now Let
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Key features for Residential Investment in NG10 2DL - Now Let

  • Sale: £445,000 for the Freehold (please check the VAT status)
  • 2,497 Sq Ft (232.0 Sq M)

  • 7 x self contained 1 bed flats
  • Fenced and gated site with onsite parking
  • Fully let producing £36,000 p.a.
  • 0.5 miles from Long Eaton town centre
  • Building fully refurbished and flats converted 2014
  • Could be subject to CPO re HS2 Phase II, planned for completion 2032-33, if passed by Parliament

Where is the Investment located?

Long Eaton is a market town in the Erewash district of Derbyshire approximately 7 miles south-west of Nottingham and 8.5 miles south-east of Derby

The property is located 0.4 miles east of Long Eaton town centre on New Tythe Street. New Tythe Street is accessed off Station Road which connects to the Nottingham and Derby Road (A6005).

The property is set back from the main road and is in an area of mixed use amongst both residential and commercial occupiers.

Description

Fully let producing £36,000 p.a. Recently converted and well built residential investment. Detached block comprising 7 x self contained 1 bed flats with parking. The flats are well presented and finished with laminate floor coverings, plaster painted walls and electric heaters.

Each flat comprises a kitchen diner, separate bedroom and separate bathroom Flat 42e is a duplex.

How has the accommodation been measured?

The accommodation has been measured on a Gross Internal Area (GIA) from architects plans.

Floor Sq Ft Sq M
41a - Ground floor 312 28.98
42c - Ground floor 366 34
42d - Ground floor 334 31.03
42e - Duplex 452 41.99
42b1 - First 312 28.98
42b2 - First 366 34
42b3 - First 355 32.98
Total2,497232

Planning

By way of a planning permission referened 0913/0042 the property benefited from consent for conversion from offices (B1) to 7 one bedroom residential apartments (C3). This was implemented c2014. All parties should confirm the planning position with the relevant Local Authority.

Services

All mains services with the exception of gas are connected to the property. There is a single mains supply to site for both water and electrics and a sub meters fitted to each of the apartments.

What is the Rateable Value?

Each flat has a council tax band of A.

How is the accommodation offered?

Unknown

The premises is available freehold subject to the occupational tenancies with each flat being let by way of an AST.

Price

£445,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

Service Charge

Currently each tenant pays a fixed cost of £40 pcm to cover the cost of electrics and water.

EPC

42a - D(56),
42b - D(66),
42c - D(68),
42d - D(64),
42e - D(65),
42b1- D(66),
42b2 - C(70),
42b3 - C(71),

What are the viewing arrangements

Viewings are strictly to be arranged in advance by contacting the agent. Tenants unaware of sale.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

17-Aug-2023

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Car park Kitchen area

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Map showing location of property

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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