Property description

INVESTMENT OPPORTUNITY

Robert Ellis are pleased to offer for sale this INVESTMENT PORTFOLIO comprising a parade of ground floor retail units with office suites above.

The property comprises SIX units over two floors with valuable parking at the rear occupying a prominent position in the town.

The retail units equate to approximately 235m² (2532ft²) with a further 219m² (2357ft²) to the first floor. The units are all currently LET under full repairing and insuring lease agreements with current rent received of £43,323 nett per annum plus service charge and insurance premiums.

Based on recent lettings achieved, a common market rent is more fairly reflected in the sum of £60,000 per annum.

Tenure:
The property is for sale freehold, subject to the current leasehold interest. Details of the leases are available upon request for any serious purchasers.

Location:
From our offices in Long Eaton on Derby Road, proceed to the second traffic island turning right and passing Tesco on the left hand side on Waverley Street. Continuing past Tesco and proceeding over the small traffic island the portfolio can be found on the right hand side at the very end of High Street.

Additional Information:
Services:
Mains electric, water and drainage are connected. Space heating internally is the responsibility of the tenants and comprise electric units.

VAT:
We are told the sale will not be subject to VAT.

Legal Costs:
Each party to bear their own legal costs.

Property Features :

• 1 bedroom
• Retail Unit house