Derby Road, Stapleford, Nottingham

An opportunity has arisen to purchase a mixed use commercial/residential freehold investment.

This instantly attractive period three storey terraced property is situated in a prominent position on Stapleford high street.

The building comprises a lock up ground floor retail unit of approximately 53.1sqm of internal space which is currently vacant.

Sitting over the retail unit is a self contained two storey four bedroom HMO currently partially let with the two top floor rooms let at £325 PCM each (bills inclusive).

Situated within the town centre of Stapleford, having recently been awarded £21.1 million as part of the Government's Levelling Up Fund. The town has an overall population of around 15,000 and sits equidistant between the cities of Nottingham and Derby. There are good transport links, with a bus stop outside the premises.

The building has been particularly well maintained and the ground floor retail unit is in a condition which is ready for immediate occupation, as are the currently two unused bed sitting rooms.

The residential accommodation is centrally heated and double glazed, accessed from a external staircase to a shared living room, separate kitchen and shared bathroom on the first floor, with two double bedrooms also on this floor. To the second floor, both of the double bedrooms have en-suite shower facilities.

Offering a great long term property investment, we anticipate when fully let a projected annual income of £24,000 per annum gross.

GROUND FLOOR RETAIL UNIT

Offering approximately 53.1sqm of internal space which comprises: a retail area 40.4sqm; store room 8sqm; kitchen 3.5sqm; WC 1.2sqm. In addition to this, there is an attached timber constructed external store offering approximately 10m of storage space with racking.

RESIDENTIAL ACCOMMODATION

Accessed from a gated shared side passageway leading to a rear yard then external staircase.

FIRST FLOOR ENTRANCE PORCH

Double glazed front entrance door, access to shared living room.

SHARED LIVING ROOM

4 x 3.14 (13'1" x 10'3")
Double glazed window, radiator, access to kitchen, bedrooms three and four, and a staircase leading to the second floor.

KITCHEN

3.53 x 2.53 (11'6" x 8'3")
Fitted range of units. Stainless steel sink unit with drainer. Electric oven and hob. Washing machine, fridge/freezer. Wall mounted gas boiler (for central heating and hot water), door to shared bathroom.

BATHROOM

1.45 x 2.46 (4'9" x 8'0")
Three piece suite comprising wash hand basin, low flush WC, bath with shower over.

BEDROOM THREE

4.39 x 2.24 (14'4" x 7'4")
Radiator, double glazed window to the front.

BEDROOM FOUR

4.35 x 2.84 (14'3" x 9'3")
Radiator, double glazed window to the front.

BEDROOM TWO

5.48 x 4.31 overall (17'11" x 14'1" overall)
A double room with radiator, double glazed window to the front and door to en-suite.

EN-SUITE

Incorporating a three piece suite comprising wash hand basin, low flush WC, shower cubicle.

BEDROOM ONE

4.93 x 4.34 (max less ensuite) (16'2" x 14'2" (max
A double bedroom with radiator, double glazed window to the front, door to en-suite.

EN-SUITE

Incorporating a three piece suite comprising wash hand basin, low flush WC, shower cubicle.

OUTSIDE

The property fronts the pavement and there is a small yard area.

SERVICES

All services are connected to the property. The retail space and residential space share the mains water supply. There are separate electric meters for the residential and commercial elements. Gas is supplied to the residential accommodation serving the gas combination boiler.

TENURE

The building is sold freehold with vacant possession currently to the ground floor retail unit. The residential element is currently subject to two individual 12 month AST's, commencement date 2nd December 2022, at a rent of £325 PCM inclusive. Electrical and Gas Safety Certificates are in place for the residential element.

A MIXED USED COMMERCIAL/RESIDENTIAL FREEHOLD INVESTMENT OPPORTUNITY.