Mixed Use Investment For Sale 5 High Street, Long Eaton, Nottingham

Long Eaton is a well-connected market town in the Erewash district of Derbyshire, approximately 7 miles south-west of Nottingham and 8.5 miles south-east of Derby. The town benefits from excellent strategic access via Junction 25 of the M1 and the A52 (Brian Clough Way).

The property occupies a prominent corner position on High Street, just 0.1 mile from the town centre. High Street forms part of the principal retail pitch and benefits from consistent footfall generated by a mix of national retailers (including Boots, Specsavers, WHSmith, B&M and Greggs) and independent businesses, together with nearby supermarkets and regular market trade.

Long Eaton railway station is approximately 1 mile away, providing frequent services to Nottingham, Derby and beyond.

DRAFT DETAILS Prominent mixed-use investment occupying a corner position in Long Eaton, 0.1miles from the Town Centre. The investment is let to Righthouse Estate Agents Ltd on a 3 year lease expiring Dec 2027, producing £44,579.04. ERV of £75,800.

The accommodation comprises 8 residential apartments: 3x GF 1-bed, 1x GF 2-bed, 2x FF 1-bed, 2x SF 1-bed; and 2 commercial units: shop 1 occupied by Creed Tattoo and shop 2 occupied by Sorella Studios (hairdressing salon).

Externally, there is an enclosed rear courtyard.

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

The property was granted planning permission for a change of use to form 2 commercial units (Class E) and the creation of 14 residential apartments ref: ERE/0912/0030. Planning permission for a further 3 residential apartments was granted ref: ERE/0414/0024
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. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

The commercial units are currently listed as a shop and premises on VOA.gov.uk.
Unit 1 RV - £4,150
UNit 2 RV - £5,900

Freehold

Mixed-use investment for sale freehold. The property is let to Righthouse Estate Agents Ltd on a 3-year lease expiring 12 December 2027 at a rent of £44,579.04 per annum. Righthouse is responsible for the sub-letting and management of the units.
The property has an additional 9 apartments which have been sold off separately.

£725,000 Guide price. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

Flat 2 & Flat 12 - D(66)
Flat 4 - D(59)
Flat 6 - C(71)
Flat 9 - C(70)
Flat 11 - C(77)
Flat 14 - D(63)
Flat 17 - D(64)

Please contact us or visit www.omeeto.co.uk for full details and 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.