Now Let

Residential investment

The Nook, New Tythe Street, Long Eaton, Nottingham, Derbyshire, NG10 2DL

£445,000 for the Freehold

2,497 Sq Ft

Residential Investment

Key Features

  • 7 x self contained 1 bed flats
  • Fenced and gated site with onsite parking
  • Fully let producing £36,000 p.a.
  • 0.5 miles from Long Eaton town centre
  • Building fully refurbished and flats converted 2014
  • Could be subject to CPO re HS2 Phase II, planned for completion 2032-33, if passed by Parliament

Full description

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.

Location

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.

Planning

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.

Services

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.

Service Charge Text

Currently each tenant pays a fixed cost of £40 pcm to cover the cost of electrics and water.

VAT

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

EPC

42a - D(56),

42b - D(66),

42c - D(68),

42d - D(64),

42e - D(65),

42b1- D(66),

42b2 - C(70),

42b3 - C(71),

Viewing

Viewings are strictly to be arranged in advance by contacting the agent. Tenants unaware of sale.

Accommodation

The accommodation has been measured on a Gross Internal Area (GIA) from architects plans.

Floor Sq Ft Sq M
41a 312 29
42c 366 34
42d 334 31
42e 452 42
42b1 312 29
42b2 366 34
42b3 355 33

Business Rates

Each flat has a council tax band of A.

Tenure

Unknown

The premises is available freehold subject to the occupational tenancies with each flat being let by way of an AST.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

18 Aug 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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