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.
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.
|41a - Ground floor
|42c - Ground floor
|42d - Ground floor
|42e - Duplex
|42b1 - First
|42b2 - First
|42b3 - First
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.
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 Ratable Value?
Each flat has a council tax band of A.
How is the accommodation offered?
The premises is available freehold subject to the occupational tenancies with each flat being let by way of an AST.
£445,000 for the Freehold. Please check the VAT status.
All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.
Currently each tenant pays a fixed cost of £40 pcm to cover the cost of electrics and water.
42a - D(56),
42b - D(66),
42c - D(68),
42d - D(64),
42e - D(65),
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.