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Mixed Use: Commercial and 2 Bed Upper Flat Property

230a Highbury Road, Nottingham, NG6 9FE

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.

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