The property comprises a newly constructed detached building forming part of the Willoughby Court residential development to the rear and provides a retail unit at ground floor with two x two bedroom flats at first and second floors.
At ground floor, the retail unit is configured to provide the main sales area with kitchenette, WC and store to the rear and benefits from double glazed elevations to the front and side together with the benefit of off street car parking. Internally, the unit is finished to a high specification in the tenants ‘house style’.
The two flats are accessed from the rear via a communal staircase, both arranged to provide a large open plan sitting room with fully fitted kitchen, two double bedrooms, bathroom/WC and utility area, finished to a high specification, to include gas central heating, low voltage spotlights, fully carpeted, entry system, UPVC double glazing, double doors with Juliette balcony, fitted wardrobe, tiled bathroom and kitchen areas.
Each flat benefits from private allocated parking accessed via electric security gates.
Location
Nottingham is a major city in the East Midlands, within the heart of England with excellent transport links, rapid access to the Motorway system, a major railway station and a comprehensive public transport network. The city lies approximately 128 miles north of London, 51 miles north east of Birmingham and 73 miles south of Leeds. Road communications are excellent with the M1 providing routes north and south and the A50 giving a direct link to Derby and the west. The train station located to the south of the city centre provides direct trains to London St Pancras International Train Station with a journey time of approximately 1 hour 41 minutes.
Nottingham has a population of approximately 305,680 (2011 census), with an average of over 62,000 full time students living across two universities. The local economy employs more than 300,000 people, and is growing at a faster rate than regionally or nationally. It is also one of the UK’s top 10 retail centres and one of only six designated Science Cities within the UK.
Situation - The property occupies a prominent position fronting Melton Road (A606) to the west, close to its junction Clumber Road, within an established retail hub serving the wider residential catchment area, with neighbouring occupiers including Sainsbury’s Local, Papa Johns, The Real Salon and Nottingham Window Company, to name but a few.
The amenities of West Bridgford town centre are also located within close proximity with Central Avenue providing a vibrant and bustling high street, occupiers include M&S Simply Food, the Co-op, Carluccios, Côte Brasserie, Pizza Express, Café Nero, Costa Coffee, as well as a number of local independent cafes and restaurateurs. The location also benefits from a range of independent and national retailers.
Accommodation
Measured on a gross internal basis, for guidance purposes only.
Ground Floor Retail - 70.823 sq m (762 sq ft)
First Floor Residential - 69.424 sq m (747 sq ft)
Second Floor Residential - 69.424 sq m (747 sq ft)
TOTAL - 209.671 sq m (2,256 sq ft)
Terms
Tenure - Freehold.
Price - Offers over £500,000, plus VAT.
VAT - VAT will be applicable to the sale.
Specification
- Excellent location in West Bridgford.
- Newly constructed detached mixed use building.
- On site car parking.
- Current income £22,800 per annum with scope for increase to £30,600 per annum.