Mixed use investment property

74 & 74a Station Road, Sandiacre, Nottingham, Derbyshire, NG10 5AP

£150,000 for the Freehold

1,007 Sq Ft

Key Features

  • Best bids 12 noon 15th December
  • Comprising shop and a separate two bed apartment
  • Fully refurbished shop, ready for occupation
  • Separate apartment let on AST producing £6,180 p.a
  • Prominent position with free street parking
  • Could be subject to CPO re HS2 Phase II, planned for completion 2032-33, if passed by Parliament

Full description

Prominently located, mixed use investment comprising superbly presented shop and separate, well presented two bed living accommodation.

This semi-detached property comprises a vacant, ground floor shop providing front sales with rear office (fitted with a sink) and lower ground floor storage. Following an electrical fire in 2019 the shop has been fully refurbished through insurance. There is a single WC, this is located in the rear courtyard where access to the separate upper floor living is provided. The living accommodation is self-contained and provides a kitchen on the ground floor, sitting room, bathroom and bedroom on the first floor with a master bedroom on the second floor. Again the living accommodation is well presented. The property is fully UPVC double glazed and the apartment benefits from Central Heating.

Externally the property enjoys a high street location with street parking immediately outside.

Location

Sandiacre is a popular town in the Erewash district of Derbyshire, approximately 5.5 miles to the east of Nottingham and 9.5 miles west of Derby.

The property occupies a prominent position at the bridge on Station Road (the B5010). It is at the end terrace of a parade of shops comprising a range of local retailers, restaurants and hot food takeaways. Nearby occupiers include Lidl, Burger king and the highly regarded La Rock Restaurant. Station road connects with J25 of the M1 Motorway just 1.5 miles to the west and Stapleford immediately to the east.

South of the premises (after the A52) lies the proposed location for the HS2 East Midlands Hub (Toton). HS2.org.uk states The East Midlands hub station at Toton will be one the best served stations on the high speed network. Should Phase II proceed the property could be subject to a CPO.

Planning

We believe the property has been used under Classes E (Commercial, Business and Service) and C3 (Residential) of the Town and Country Planning (Use Classes) Order 1987 (as amended). All parties should confirm the planning position with the relevant Local Authority.

Services

We are advised all mains services are connected to the property. The shops has a separately metered mains electric supply. The apartment has separately metered mains gas and electric supplies. The tenants are directly responsible for the costs of utilities.

VAT

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

EPC

The shop has an energy rating of D(92)

The flat has an energy rating of D(57).

Viewing

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents.

OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

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 shop 335 31
Two bed living accommodation 639 59
External store 33 3

Business Rates

The property is currently listed as a shop and premises on VOA.gov.uk. Please check the valuation office website for any rates incentives. Subject to status you may qualify for 100% rates relief.

Rateable Value
£2,750

Tenure

Freehold

The premises is being sold freehold and subject to the existing tenancies as follows: Shop: with vacant possession. First floor flat: Let by way of an AST for 1 year at £515 pcm. Unconditional offers are invited for the freehold. The site is to be sold by informal tender with purchasers invited to submit offers in writing by 12 noon 15 December 2021 using the Offer Proforma provided in the OMEETO data room. Bids should exceed £150,000

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

27 Nov 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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