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Mixed Use: Commercial and 2 Bed Upper Flat Property

230a Highbury Road, Nottingham, NG6 9FE

WHY INVEST IN THIS PROPERTY

  • This property consists of a tenanted commercial unit with a 2 bedroom tenanted upper residential flat. There is one off road parking space.
  • The commercial premises is currently occupied by a Barbers who has a 5 year FRI Lease which commenced on January 2021. 
  • ​The tenant residential flat is currently on a 6 month term AST.
  • Nottingham is the seventh largest city in the UK and has a rapidly growing economy, with GDV growth outperforming Liverpool, Birmingham & Sheffield.
  • ​This commercial premises is located along a main road offering a range of amenities including McColls & Londis newsagents, Takeaways & Car Dealerships.
  • ​​Public transport links to Nottingham City Centre by bus and tram network. Only 15 minutes drive from the M1 and 15 minutes drive into Nottingham City Centre.
  • ​Neighbours historic market town Arnold which hosts a swimming pool, theatre, library and has notable attractions including St Marys Church, Arnot Hill Park & Bestwood Country Park.

THE NUMBERS

  • ​Purchase price: £199,999
  • ​30% Deposit: £60,000
  • Stamp Duty: £4,000 + Legal Costs
  • ​​Sourcing Fee: £10,000 + VAT 
  • ​Current rent achieved: £1,300 pcm (£700PCM for the Shop & £600PCM for the Residential Flat)
  • Current rent achieved per year: £15,600 (£8,400PA for the Shop & £7,200PA for the Residential Flat)
*For further information, text: "501" to 07803 410 237
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