Commercial property for sale in Nottingham

LOCATION: The property is situated in the Nottingham suburb of Bulwell, which is approximately four miles to the northwest of Nottingham city centre. Bulwell is a popular town with a large established retail core.  The property is located on Main Street, which is the main Bulwell thoroughfare and the unit benefits from a high volume of traffic passing.  The property is situated opposite the Bulwell Riverside Medical Centre, which is the primary medical centre in the town.  DESCRIPTION: The ground floor is predominantly open plan with rear staff facilities and stores.  The first floor provides self-contained offices (via a separate entrance) which have been subdivided to provide the following:-  - Individual office suites - Meeting room - Reception - Two kitchenettes / WC's  ACCOMMODATION / ESTIMATED RENTAL INCOME:  Ground Floor 156.3 sq m (1,682 sq ft) - Est Rent £18,000 PA  First Floor 133.9 sq m (1,441 sq ft) - Est Rent £10,000 PA  TOTAL 290.2 sq m (3,123 sq ft) £28,000 PER ANNUM  TENURE: Freehold with vacant possession.  PRICE: The property is available to purchase at:- £250,000 Freehold which reflects a net initial yield of 10.9% after deducting purchaser's costs of 2.6% (based on the ERV's).  RATEABLE VALUE: Ground Floor: £15,750 First Floor: £9,500  PLANNING: E (Commercial, Business and Service)  The property could be suitable for alternative uses, subject to obtaining the necessary planning consents.  There is a lapsed planning consent for the first-floor offices to be converted into 3 x 1 bed, self-contained flats. Further information can be obtained via Nottingham City Council's planning portal under reference 18/01704/PFUL3.  VAT: Vat is applicable to the purchase price.  EPC: C  CLICK LINK BELOW FOR BROCHURE

Commercial property for sale in Nottingham, England

Retail property (high street) for sale

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