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House For Sale £220,000
Gedling Road, Arnold, Nottingham NG5


Description
Retail premises with flat above. The premises comprises of a two storey building of brick construction beneath a tiled pitched roof. The property comprises of a ground floor retail unit with a one-bedroom apartment above. The residential accommodation is accessed from the rear of the property via a side gate and stairs to the first floor.
The retail unit fronts onto Gedling Road, consisting of main retail sales space, kitchen and ancillary storage to the rear.
The residential apartment occupies the first and second floors and includes One bedroom, a living room, kitchen and Shower Room.

Sales area 24' 5" x 15' 3" (7.44m x 4.65m) Tiled flooring. Radiator. Single glazed windows and door to the shop front. Ceiling fans. Plumbing for a washing machine. Sink units. Door to hallway.

Hallway Doors to W.C, Kitchen and cupboard.

W.C Low level flush toilet. Wall mounted sink unit. Window to the rear.

Kitchen 12' 9" x 5' 9" (3.89m x 1.75m) Door and window to the side elevation. Wall mounted gas combination boiler. Sink unit.

First floor flat - kitchen 1`2' 4" x 9' 8" (0.41m x 2.95m) Doors to two hallways. A range of base and wall units. Window to the side elevation.

Hallway With large walk in cupboard housing gas combination boiler. Door to the Lounge.

Lounge 14' 4" x 11' 8" (4.37m x 3.56m) Windows to the front and side elevation. Radiator.

Hallway Door to the Shower Room. Stairs to the first floor.

Second floor bedroom 10' 4" x 13' 2" (3.15m x 4.01m) Window to the side elevation. Roof window to the rear. Radiator.

Exterior Rear yard.

Tenure The property is available to purchase on a freehold basis subject to existing tenancies.
The ground floor retail unit is currently vacant but has previously been let as a successful 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.

Rates 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

Follow the link for more information:
        
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