This property is no longer on the market
Mixed use
Property description & features
- A freehold mixed use investment opportunity
- Three storey accommodation
- Ground floor commercial unit with vp
- One bed self contained flat over first & second floor currently let
- Potential yield of 9.6%
- Prominent position outside a tram stop
- Great long term investment opportunity
An opportunity has arisen to purchase a three storey mixed use freehold investment on a busy high street.
The building comprises a ground floor commercial unit offered with vacant possession, and previously used as a takeaway sandwich bar. Approximately 32sqm of internal space, the unit is sold as seen, which includes a range of commercial catering equipment.
The first and second floors contain a one bedroom duplex flat which is access from a communal rear service yard. Well presented, this flat is currently let on an assured shorthold tenancy agreement at £550 PCM.
Situated on a busy thoroughfare within Beeston, the building is directly adjacent to a tram stop. Chilwell Road offers a variety of small independent retailers and hostelries a short walk from the main shopping precinct and market square of Beeston town centre.
This is a great opportunity to seasoned property investors, as well as business owners looking to operate from the ground floor whilst benefitting from an income from the residential flat over.
We anticipate the commercial element rent at £650 PCM exclusive. Current income of £550 from the flat. Giving a potential gross yield of 9.6%.
For further information, please contact Robert Ellis on[use Contact Agent Button].
Shop Front - 4.47 x 3.37 (14'7" x 11'0") - Aluminium and glazed door to the front, large front window with fitted blind, fitted breakfast bar, meter cupboard, tiled alcove with freestanding drinks fridge, two large cold food storage containers with glass coverage, rear breakfast bar, Ikea storage units, display and pricing chalk board, tiled splashbacks, electric insect killer, opening through to the inner kitchen.
Inner Kitchen - 3.36 x 3.21 (11'0" x 10'6") - Large double bowl sink unit with stainless steel surround, draining board, mixer tap, tiled splashbacks and storage unit beneath. Oversized oven with five ring gas top, an extractor canopy over, two large stainless steel kitchen prep work surface areas with storage above, additional sink unit with tiled splashbacks and mixer tap, two large fridge/freezers, opening through to inner lobby.
Inner Lobby - 1.73 x 1.16 (5'8" x 3'9") - uPVC panel and double glazed exit door to rear yard, door to water closet and WC.
Closet - 1.89 x 0.75 (6'2" x 2'5") - Housing the Megaflow water heater with shelving and storage space.
Ground Floor Wc - 1.80 x 1.06 (5'10" x 3'5") - Two piece suite comprising low flush WC with tiled splashbacks, inset wash hand basin with tiled splashbacks, work surface space and storage cabinet beneath. uPVC double glazed window to the rear, spotlights and wall mounted storage cabinet.
First Floor Flat - Accessed from an external staircase.
Entrance Hall - Double glazed front entrance door. Doors to kitchen, living room and shower room. Staircase leading to the second floor bedroom.
Living Room - Wall mounted independent electric heater, double glazed window to the front.
Kitchen - Fitted range of wall and base units with work surfacing and inset stainless steel sink unit with single drainer. Built-in electric oven and hob. Plumbing and space for washing machine. Double glazed window.
Shower Room - Incorporating a three piece suite comprising pedestal wash hand basin, low flush WC, shower cubicle with electric shower. Partially tiled walls.
Second Floor Landing - Giving access to the bedroom.
Bedroom - A generous double bedroom with fitted wardrobe, wall mounted independent electric heater, double glazed window.
Rear Yard - Shared with the neighbouring business and flat above with rear access gate.
A GROUND FLOOR COMMERCIAL UNIT SITUATED AT THE ENTRANCE TO BEESTON CENTRE ON THE TRAM LINE PREVIOUSLY RAN AS A SUCCESSFUL COB SHOP/EATERY.
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