Investment Under Offer 25-27 Nottingham Road, Borrowash, Derby

The property is situated off Nottingham Road within the centre of Borrowash. The shops for sale are adjoining Victoria Avenue, where nearby occupiers include; a Co-Op, BJ Wilson Chemists, and Birds the Bakers.

Two high street retail units. Each fully self contained. Available together or separately. Only connected by single pedestrian door. Each shop has its own kitchen, WC and separate electric and water meters.

Currently fitted as a barbers but suitable for a range of retail high street or professional uses.

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

We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be subject to a range of professional uses STP. 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 property is currently listed as an hairdresser and premises on VOA.gov.uk. Please check the valuation office website for any rates incentives. Subject to status the occupeir may qualify for 100% rates relief.

Rateable Value: £7,800

Freehold

Investment for sale by virtual freehold with vacant possession. No.25 is held by way of a 999 year lease from October 2009. No.27 is held by way of a 999 year lease from November 2008. The ground rent is £1 per annum per unit. These leases permit use as retail, office or financial and professional services.

Consideration would be given to selling the units individually. In this respect, the split would be £85,000 (Eighty-Five thousand pounds) for 25, and £97,500 (Ninety-Seven thousand, Five hundred pounds) for 27.

£175,000 for the Long Leasehold. All figures are quoted exclusive of VAT, we are advised Unit 25 is NOT registered for VAT and Unit 27 IS registered for VAT.

Is payable to the head landlord for the running, maintenance and up keep of the building structure and roof.

Service charge budget: £42.00 per month

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Please contact us or visit the OMEETO website 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.