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    Vernon Road, Nottingham

    £145,000

    212
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    Mortgage

    Estimated Monthly Mortgage Payment:
    ÂŁ725 /mo.25 Years, 4.5% Interest
    Loan
    ÂŁ130,500
    Total Repay
    ÂŁ217,608

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    You’ll have to pay the stamp duty of:
    ÂŁ0
    0% up to ÂŁ145,000
    Your effective stamp duty is 0%

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    Vernon Road, Nottingham

    £145,000

    2 Bedrooms1 Bathroom2 Receptions

    Key Information

    Tenure:Not available
    Council tax band:Not available

    Key Features

    COMMERCIAL TO GROUND FLOOR
    TWO STORAGE ROOMS ABOVE
    POTENTIAL TO DEVELOP (STPP)
    KITCHEN
    STORE
    GROUND FLOOR BATHROOM
    REAR YARD AREA
    GOOD TRANSPORT LINKS
    CORNER PLOT
    NO CHAIN

    Description

    Freehold commercial unit in Basford with high visibility. Includes a large ground floor retail space, two kitchens, cellar, rear yard, and upstairs storage/office rooms. Previously rented for £1,100 PCM. Potential for development, subject to planning approval. No upward chain, ideal for investment. Contact to view.

    *** COMMERCIAL INVESTMENT WITH POTENTIAL TO DEVELOP (STPP) ***

    Robert Ellis are pleased to bring to the market this unique opportunity. Located in the residential area of Basford, this prominent freehold commercial unit fronts a busy road, making it a prime spot for various business opportunities. The property includes a large ground-floor retail space previously used as a Pizza/Kebab takeaway retail shop. The ground floor features a shop front unit with a counter and kitchen area, two kitchens and a bathroom. Additional features include a cellar, a rear yard, and two separate storage/office rooms above the retail space.

    The previous rental income was £1,100 per month, totalling £13,200 annually. This property offers a flexible investment opportunity with potential for further development, subject to receiving the relevant planning and building regulation approvals. The property is also being sold with the benefit of no upward chain, facilitating a smooth purchase process.

    The location of this property ensures high visibility and foot traffic, essential for a thriving business. Its versatile layout makes it suitable for various commercial uses beyond a takeaway, such as retail, office space, or mixed-use development (SSTP). There is also significant potential to reconfigure or expand the property, enhancing its value.

    This commercial investment in Basford offers a unique opportunity to develop a prominent building in a busy area. With its flexible layout, established rental income, and potential for further development, it stands as an ideal investment for those looking to maximize returns in a high-traffic location.

    Contact the office to make your appointment to view this IDEAL INVESTMENT today. Selling with the benefit of NO UPWARD CHAIN.

    Shop
    4.19m x 3.91m approx (13'9 x 12'10 approx)
    Glazed entrance door to the front elevation. Glazed windows to the front and side elevation. Tiled flooring. Tiled splashbacks. Suspended ceilings with light points. Counter and kitchen area incorporating extractor fan.

    Hallway
    0.8 x 1.4 approx (2'7" x 4'7" approx)
    Side entrance door to the side elevation. Tiled flooring. Wall light point. Internal door leading down to the cellar. Archway through to the kitchen.

    Kitchen
    3.81m x 3.84m approx (12'6 x 12'7 approx)
    UPVC double glazed window to the side elevation. Tiled flooring. Tiled walls. Ceiling light point. Vanity hand wash basin units, Internal door leading up to the first floor landing. Archway leading through to kitchen / store.

    Kitchen / Store
    3.73m x 2.39m approx (12'3 x 7'10 approx)
    UPVC double glazed window to the side elevation. Tiled flooring. Tiled walls. Ceiling light point. Rear entrance door to the rear elevation leading out to courtyard.

    Hallway
    0.5 x 0.6 approx (1'7" x 1'11" approx)
    Tiled flooring. Internal door leading into the bathroom

    Bathroom
    3.15m x 1.60m approx (10'4 x 5'03 approx)
    UPVC double glazed window to the side elevation. Tiled flooring. Tiled walls. Ceiling light point. 3 piece suite comprising of a panel bath with dual heat tap with handheld showerhead attachment, vanity hand wash basin with dual heat tap and storage cupboards below and a low level flush WC.

    Cellar
    5.11m x 3.81m approx (16'09 x 12'06 approx)
    The cellar is divided into two separate stores. Wall mounted electrical consumer unit. Electric and gas meter points.

    First Floor Landing
    0.8 x 1 approx (2'7" x 3'3" approx)
    Original floorboards. Ceiling light point. Internal doors leading into the office /store rooms.

    Office / Store
    4.17m x 3.84m approx (13'08 x 12'07 approx)
    UPVC double glazed window to the front elevation. Linoleum flooring. Ceiling light point.

    Office / Store
    3.76m x 1.24m approx (12'4 x 4'1 approx)
    UPVC double glazed window to the side elevation. Original floorboards. Ceiling light point. Wall mounted gas central heating boiler unit. Built-in over the stairs storage cupboard.

    Rear of Property
    To the rear of the property there is an enclosed courtyard garden with secure gated access and walls to the boundaries.

    Agents Notes: Additional Information
    Electricity: Mains supply
    Water: Mains supply
    Heating: Mains gas
    Septic Tank : No
    Broadband: BT, Sky
    Broadband Speed: Standard 20mbps Ultrafast 1000mbps
    Phone Signal: 02, Vodafone, EE, Three
    Sewage: Mains supply
    Flood Risk: No flooding in the past 5 years
    Flood Defences: No
    Non-Standard Construction: No
    Any Legal Restrictions: No
    Other Material Issues: No

    A COMMERCIAL PROPERTY COMPRISING OF A LARGE GROUND FLOOR SHOP UNIT WITH COUNTER AREA AND TWO KITCHENS, GROUND FLOOR BATHROOM AND TWO STORAGE/OFFICE ROOMS TO FIRST FLOOR.

    Arnold Branch

    t: 0115 6485 485
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