For Sale - Mixed use multi tenanted investment

Location

Kimberley is a busy market town located in the Broxtowe district of Nottinghamshire, just 5.5 miles northwest of Nottingham, 5.5 miles southwest of Hucknall 6 miles southeast of Eastwood.

The town benefits from an excellent variety of shops, cafes and bars including Herron Foods and Boots Pharmacy which are situated opposite the subject property.

Description

Refurbished multi occupancy investment. ERV £82,250.

Comprising; self-contained lock up shop on the ground floor, currently fitted out as a hairdresser, beauticians with two treatment rooms. Separately accessed on the GF are two serviced offices one being self contained with shower & WC. The first floor provides six serviced office suites with shared WC's and Kitchen. The second floor provides a well appointed, self contained suite with managers office, kitchen and WC's. The individual elements have 24 hour secure access via finger print recognition and CCTV.

The premises has been finished to an excellent standard throughout and boasts under floor heating (ground and first floors), Air Conditioning (first and second floors), Air Source Heat Pumps and Solar Panels.

Please note the adjacent car park is not included in the price.

Accommodation

The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice.

Floor	Sq Ft	Sq M
GF Hairdresser 39a	802	75
GF Beauty 1a	231	21
GF Dental	275	26
GF Suite 8 serviced office	403	37
FF Suite 2 serviced office	419	39
FF Suite 3 serviced office	87	8
FF Suite 4 serviced office	201	19
FF Suite 5 serviced office	87	8
FF Suite 6 serviced office	179	17
FF Suite 7 serviced office	87	8
FF Shared Kitchen	97	9
SF Office	1,428	133
Total	4,296	399

Planning

We believe the property fall under use Class E - Commercial, Business and Service Use Classes under The Town and Country Planning (Use Classes) Order 1987 (as amended). Use Class E more broadly covers uses previously defined in the revoked Classes A1/2/3, B1, D1(a-b) and D2(e). All parties should confirm the planning position with the relevant LPA.

Services

It is understood that all mains services with the exception of gas are connected to the property. The self contained ground floor shops and second office benefit from their own electric sub meters. other suites are let on inclusive rentals.

Rating

The property is currently separately listed on VOA.gov.uk as shown below. Subject to status tenants may qualify for 100% rates relief. Suite 1 39a - shop and premises - £6,700 Suite 1a 39a - office and premises £2,500 Boardroom 39a - office and premises - £2,500 Suite 2 39a - office and premises - £4,050 Suite 3 39a - office and premises - £850 Suite 4 39a - office and premises - £1,950 Suite 5 39a - office and premises - £850 Suite 6 39a - office and premises - £1725 Suite 7 39a - office and premises - £850 Suite 8 39a - office and premises - £3,700 Main suite 2nd floor 39a - office and premises - £8,800

Tenure

Freehold

The property is available freehold subject to a number of tenancies producing a combined income of approximately c£78,850 per annum. ERV when fully let: £82,250. Please refer to the tenancy schedule provided.

Price

Sale: £795,000 for the Freehold

VAT

All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

EPC

A(20) - the property has green credentials to include Air Source heat pumps and Solar Panels.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Note

Plans, maps and drawings are not to scale.

Particulars Updated

11-May-2021