Retail Premises with Apartment Above
Situated on Gedling Road Arnold
Retail Unit with Use Class a1
Shop Ran as a Hairdressers
Potential Annual Rent Circa £16,200
Pay and Display Car Park Opposite
No Upward Chain
GUIDE PRICE - £180,000 - £200,000
Tiled flooring. Radiator. Single glazed windows and door to the shop front. Ceiling fans. Plumbing for a washing machine. Sink units. Door to hallway.
Doors to W.C, Kitchen and cupboard.
Low level flush toilet. Wall mounted sink unit. Window to the rear.
Door and window to the side elevation. Wall mounted gas combination boiler. Sink unit.
Doors to two hallways. A range of base and wall units. Window to the side elevation.
With large walk in cupboard housing gas combination boiler. Door to the Lounge.
Windows to the front and side elevation. Radiator.
Door to the Shower Room. Stairs to the first floor.
Window to the side elevation. Roof window to the rear. Radiator.
The property is available to purchase on a freehold basis subject to existing tenancies.
The ground floor retail unit is currently run as a hairdressers and barbers achieving £10,200 per annum.
The first floor apartment is let on assured shorthold tenancy on a statutory periodic basis. The tenant is currently paying £390 pcm (£4680) however with an update the apartment should be able to achieve £600 pcm (£7200)
Interested parties are advised to seek their own legal and professional advice.
The property is currently listed as a shop and premises and has a rateable value of £5,600. Subject to status the tenant might qualify for 100% rates relief. Source: VOA