Mixed use multi tenanted investment

39a Main Street, Kimberley, Nottingham, Nottinghamshire, NG16 2NG

£795,000 for the Freehold

4,297 Sq Ft

Key Features

  • Producing £78,850 p.a. ERV: £82,250 p.a.
  • Town centre
  • Fully refurbished, exceptional quality
  • EPC A20 - Air Source Heat Pumps and Solar Panels.
  • 11 lettable units to include high street retail, serviced and self contained workspace
  • 10 units occupied, businesses on site to include hairdresser / beautician, dental & professional

Full 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.

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.

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.

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.

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

Business Rates

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.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

12 Apr 2021

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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